NPLs down by Tk21,957cr in 3 months

Author Topic: NPLs down by Tk21,957cr in 3 months  (Read 75 times)

Offline Showrav.Yazdani

  • Sr. Member
  • ****
  • Posts: 410
  • Everyone is teacher and Everything is Lesson
    • View Profile
NPLs down by Tk21,957cr in 3 months
« on: February 19, 2020, 10:15:41 PM »
Relaxed rescheduling policy, one off exit scheme start paying off
 

Banks’ non-performing loans (NPLs) declined by Tk21,957.31 crore in three months till December last year thanks to relaxed rescheduling policy of Bangladesh Bank that brought down the sour loan to 9.32% in the sector.

At the end of September last year, the amount of NPLs in the banking system were to the tune of Tk1,16,288.31 crore, or 11.99% of the total disbursed loans, according to the latest Bangladesh Bank (BB) data.

However, NPLs rose by Tk420 crore in 2019 over last year.

Bankers said the large scale loan rescheduling took place in the final quarter of last year that helped reduce the high amount of NPLs in the banking sector.

Last year, NPLs amounting to Tk50,434 crore were rescheduled, up 117.29%   from a year earlier, according to BB data.

Banks rescheduled Tk23,210 crore in 2018.

Offline Anhar Sharif

  • Full Member
  • ***
  • Posts: 210
  • Test
    • View Profile
Re: NPLs down by Tk21,957cr in 3 months
« Reply #1 on: February 20, 2020, 02:19:24 PM »
Thanks for sharing
Md Anhar Sharif Mollah

Assistant Professor of Finance

Department of Business Administration

            &

Assistant Proctor

Daffodil International University

Cell: +8801758883609

Offline kamruzzaman.bba

  • Full Member
  • ***
  • Posts: 200
  • Test
    • View Profile
Re: NPLs down by Tk21,957cr in 3 months
« Reply #2 on: February 22, 2020, 07:41:48 PM »
Good News Indeed
But other issues may not be covered in this news.
Md. Kamruzzaman Didar
Assistant Professor & Head
Department of Innovation and Entrepreneurship
Faculty of Business & Entrepreneurship