Four scam-hit banks hold 37% of total bad loans - News Summed Up

Four scam-hit banks hold 37% of total bad loans


At the end of June this year, the bank’s NPLs stood at Tk7,676.29 crore or 51.55% of its total loans. Sonali Bank loan scamSonali Bank’s loan scam centering on the Hallmark Group was once a much–talked about topic in the banking sector. As of June this year, Sonali Bank’s NPLs stood at Tk10,086.41 crore or 21.16% of its total outstanding loans. Farmers Bank (now Padma bank) loan scamThe Bangladesh Bank's investigations found massive irregularities in the Farmers Bank’s loan disbursement three years after the bank came into being in 2013. As of June, this year, the bank’s NPLs stood at Tk3709.41 crore or 66.33% of its total disbursed loans.


Source: Dhaka Tribune August 27, 2020 16:18 UTC



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