Loan write-off declines
Loans written off by banks in Bangladesh declined in the first half of 2022 despite the upward trend of default loans.
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Loans written off by banks in Bangladesh declined in the first half of 2022 despite the upward trend of default loans.
Bangladesh Bank plans to sign a memorandum of understanding (MoU) with 10 commercial banks for taking various steps on a pilot basis, including periodically publishing their lists of defaulters, in a bid to reduce their default loans.
The new governor of Bangladesh Bank (BB), Abdur Rouf Talukder, a former finance secretary, is a seasoned man and is equipped to take the country's banking industry to the right direction.
Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.
The Bangladesh Bank today asked non-bank financial institutions (NBFIs) not to write off default loans swindled by scammers.