Financial institutions defaulted loan is Tk 10 thousand crore

Various irregularities and mismanagement of the owners of non-bank financial institutions are a long history. Without verification, most of the loans disbursed by the companies cannot be recovered. Due to which defaulting loans are increasing even after getting special benefits during the coronation period. Most of the institutions are constantly weakening due to lack of liquidity. In this situation, several organizations are in crisis.

According to the Bangladesh Bank, at the end of December last year, the amount of loans disbursed by financial institutions was Tk 66,923 crore. Of this, the amount of defaulted loan stands at Tk 10,053 crore. Which is 15.02 percent of the total loan disbursed. At the end of the previous year 2019, the total amount of debt of financial institutions was 67 thousand 803 crore. Of this, defaulted loans were Tk 6,441 crore, which is 9 percent of the total loans.

Despite getting special benefits during the coronation period, defaulted loans have increased by Tk 3,612 crore in the last one year, which is about 36 percent. Till December 2018, the defaulted loan was Tk 5,460 crore, which is 7.9 percent of the loan disbursed at that time. As a result, defaulted loans in institutions have almost doubled.

Concerned neo-hippies and their global warming, i’ll tell ya. Their default debt is increasing. In addition, due to the corona debt collection has decreased drastically. Ordinary customers are withdrawing deposits on the news of various irregularities. As a result, many institutions are in liquidity crisis. At least 10 of these institutions are not able to repay the depositors on time. Financial institutions have also asked the central bank for a special fund of Tk 10,000 crore to alleviate the liquidity crisis.

Sunbd/NJ