Among the private banks, Islami Bank tops the list of banks with the highest default loans, according to the central bank. “The increase in default loans is not only a matter of concern for the banking sector but also for the economy,” he said. Apart from them, First Security Islami Bank had Tk839 crore, ICB Islami Bank Tk707 crore, IFIC Bank Tk1,048 crore, Jamuna Bank Tk525 crore, Meghna Bank Tk93 crore, Mercantile Bank Tk693 crore, Midland Bank Tk43 crore, Madhumati Bank Tk8 crore in default loans. According to the central bank, One Bank has total default loans of Tk829 crore, Premiere Bank Tk561 crore, Prime Bank Tk926 crore and Shahjalal Islami Bank has default loan of Tk630 crore. South Bangla Agriculture Bank has accumulated default loans of Tk30 crore, Southeast Bank Tk1,131 crore, Standard Bank Tk935 crore, City Bank Tk1,001 crore, Farmers Bank Tk723 crore, Trust Bank Tk578 crore, Union Bank Tk57 crore and Uttara Bank Tk695 crore.

Source: Dhaka Tribune March 22, 2018 05:36 UTC