Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh
Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh
The volume of default loans in Bangladesh has reached a record-high Tk 3.45 lakh crore by December 2024, marking a significant rise of Tk 2 lakh crore in just one year. This unprecedented surge in non-performing loans (NPLs) has raised serious concerns about the banking sector's stability and the country's overall economic health.
Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh
The Alarming Growth of Default Loans
According to Bangladesh Bank (BB) data, NPLs stood at Tk 2,84,977 crore in September 2024, a steep increase from Tk 2,11,391 crore in June and Tk 1,45,633 crore in December 2023. The rise in default loans has exposed systemic corruption and financial mismanage...