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Default loan rises by Tk29,391 crore in 3 months

Messenger Online

Published: 20:15, 3 September 2024

Default loan rises by Tk29,391 crore in 3 months

Photo: Collected

Defaulted loans increased by around Tk29,391 crore during the June quarter (April-June), according to the latest data from the Bangladesh Bank.

This represents a 16.14% increase from the previous quarter.

Default loans in the banking sector reached a record high of Tk211,391 crore at the end of June. 

Earlier, as of March this year, the amount of defaulted loans stood at Tk1.82 lakh crore, which was also a record high at the time.

In the April-June quarter, the total outstanding loans amounted to Tk16.83 lakh crore. 

Messenger/Anjan