“Classified loans are very high,” the minister said at Sonali Bank’s Annual Conference on Saturday. We often put pressure on the six (state) banks. “We will try to put less pressure on you,” Muhith said at the event at Dhaka’s Diploma Engineers Institution on Saturday. About 49 percent of Janata Bank’s default is in the hands of 20 customers, while the top 20 loan defaulters are responsible for 51 percent of Rupali Bank’s defaults and 32.4 percent of Sonali Bank’s defaults. Bangladesh Bank Governor Fazle Kabir has also issued a recent warning for banks against long-term large loans to companies and lowered the advance-to-deposit ratio or ADR.

Source: bd News24 February 03, 2018 11:32 UTC