During the year, defaulted loans increased by 17 and a half thousand crore rupees

Banks and financial institutions of the country had an abnormal increase in defaulted loans. Bangladesh Bank took steps to reduce it. For this purpose, concessions are given in repayment of loans. As a result of this facility of Bangladesh Bank, now no one defaults if 50 percent of the installment is deposited. Earlier, 75 percent of the installments had to be deposited to be removed from the list of defaulters.

According to the data, at the end of the outgoing December 2022, the total debt of the country's banking sector stood at Tk 14 lakh 77 thousand 779 crores. Out of this, defaulted loans are Tk 1 lakh 20 thousand 656 crores. 8.16 percent of total loans are in default. A year ago, in the quarter of December 2021, the amount of defaulted loans was 1 lakh 3 thousand 274 crores. At that time it was 7.93 percent of the total debt. That is, the defaulted loans in the country's bank sector increased by 17 thousand 382 crores during the year.

However, in the last quarter of the year, the defaulted loans show a positive trend from the previous quarter. That is, at the end of the December quarter, defaulted loans were on the downward trend. In the quarter of September 2022, defaulted loans were Tk 1 lakh 34 thousand 396 crores. And at the end of December of the same year, defaulted loans reduced to one lakh 20 thousand 656 crores. According to that, in the space of three months i.e. compared to September, defaulted loans decreased by Tk 13 thousand 740 crores in December quarter.

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Meanwhile, in order to receive the full amount of the IMF loan, there is a condition to bring down the debt of the government banks below 10 percent. And in case of private banks, its amount should be below 5 percent. At present private banks account for 5.13 percent of total loans and defaults of specialized banks account for 12.80 percent. And the default rate of foreign banks is 4.91 percent. In that case, experts believe that if Bangladesh is to receive all the installments of the IMF loan, it will have to be more active in reducing the defaulted debt.

Meanwhile, at the end of 2022, the country's banking sector provision was supposed to be 84 thousand 157 crore taka. But the banks have been able to save 73 thousand 148 crore taka. And there is a deficit of 11 thousand 9 crore taka. Of this, the deficit of government-owned commercial banks is 8 thousand 828 crores. That is, 80 percent of the total provision deficit is of the state-owned commercial banks. And the remaining 2 thousand 746 crore deficit of private banks.