প্রকাশ: 09/09/2022
The amount
of defaulted bank loans in the country increased by about 9.0 per cent to a
record Tk 1.25 trillion amid the adverse impact of the Covid-19 pandemic until
June this year.
According
to the Bangladesh Bank’s June quarter report, banks' loan disbursement stood at
Tk 13.98 trillion till June 2022, of which 8.96 per cent or Tk 1.25 trillion
turned into bad loans, reports UNB.
Despite
the loan moratorium and reducing the number of annual instalments, the volume
of defaulted loans has reached a record high in the country so far, said the
report.
Three
months ago, in the March quarter of 2022, the defaulted loans totalled Tk 1.13
trillion, according to the report.
Accordingly,
in the second quarter of the year (April-June), the amount of loans that
remained unpaid in time in the banking sector increased by Tk 0.11
trillion.
In the
first quarter (January-March) there was an increase of defaulted repayment by
Tk 0.10 trillion to Tk 1.13 trillion.
Noted
economist, Dr. A B Mirza Azizul Islam said, “If you want to reduce defaulted
loans, you have to increase debt collection. At the same time, bulk moratorium
and reduced number instalment facility should be stopped for the
borrowers.”
He
explained why. “Because, having been able to get concessions for several years,
the defaulters now think that if I don't repay the loan, I will get more
concessions in the future. So, the facility of the defaulters should be
stopped.”
Former
Bangladesh Bank governor Dr. Salehuddin Ahmed echoed Island.
He said
that the loan collection should be focused on the legal procedure as the banks
lend money to small depositors. Without legal action, the depositors' benefit
would not be secured.
In reply
to a query about the capital shortfall of different banks, he said that the
more defaulted loans increase, the more security provision should be kept at
the central bank.
Banks have
run into capital shortages while keeping this extra money out, he said.
The
central bank’s latest report found that the capital deficit of seven
state-owned banks, including two of the specialized banks, was Tk 0.26 trillion
at the end of June.
Out of
this, Bangladesh Krishi Bank has the highest deficit of Tk 0.13 trillion. The
second highest deficit of Tk 25.07 billion at the Agrani Bank, Tk 22.78 billion
in Sonali Bank, Tk 22.61 billion in Rupali Bank, Tk 21.24 billion in Basic
Bank, Tk 16.03 billion in Janata Bank, and Tk 21.49 billion in Rajshahi
Agricultural Development Bank.
The
capital shortfall of five private sector banks is Tk 34.37 billion. Among them,
the deficit of the ICB Islamic Bank is Tk 16.59 billion, Tk 12.12 billion at
Bangladesh Commerce Bank, Tk 3.0 billion at National Bank, Tk 2.63 billion at
Padma Bank, and Tk 230 million at Bengal Commercial Bank.
At the end of June 2022, the total capital deficit of 12 banks stood at Tk 0.29 trillion in the banking system, said the report.
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