The amount of default loans was up from Tk31,269.68 crore during the same period of previous fiscal year, according to the latest BB data. Bankers said the maximum amount of bank loans disbursed to the industrial sector, got a restructured facility, but failed to repay the loans. A large amount of bank loans is sanctioned to the industrial sector, thus the amount of default loans is high in this sector.”“In the last decade, the country did not encounter any disaster that could have prevented businessmen from repaying their loans. Of that, disbursement of term industrial loans was Tk19,111.22 crore and current capital loan amounted at Tk75,308.43 crore. Their restructuring debts became default loans again, he added.

Source: Dhaka Tribune January 23, 2019 16:30 UTC