Bangladesh bank instructed banks to take actions against the willful loan defaulters.
Managing directors and chief executive officers of commercial banks, business leaders expressed their views at a meeting titled “Role of the banking sector in the development and progress of the economy: challenges and opportunities” organized by the FBCCI.
Non-performing loans stood at Tk 99,205 crore in June, up 11.80 per cent from six months earlier and 3.21 per cent year-on-year, data from the Bangladesh Bank showed.
Business leaders requested banks to ease the loan process under the stimulus package.
They called for new loans whose repayment period of loans should be disbursed under the stimulus packages with a uniform interest rate.
The FBCCI recommended extending the tenure of term loans for the SME sector to 10 to 15 years, including a two-year moratorium period. The payback period is a maximum of 24 months.
Source: The Daily Star