Banks’ recovery money which is financed by the classified loans, dropped by 5.72 per cent or Tk 108.88 crore in the April-June quarter of 2021 compared with the previous quarter.
As per Bangladesh Bank data, recovery against the classified loans of all the scheduled banks dropped to Tk 1,795.12 crore in the April-June quarter of 2021 from Tk 1,904 crore in the January-March quarter of 2021.
The amount of defaulted loans in the country’s banking system increased to Tk 98,164.31 crore at the end of June 2021 from Tk 88,734.06 crore as of December 31, 2020.
BB’s restriction, sluggish business and surge of the second wave of corona had squeezed the economic activities during the period. Many of the businesses even failed to pay regular instalments of loans and that’s why the amount of defaulted loans increased during the April-June period of 2021.
Recovery against classified loans by state-owned commercial banks dropped to Tk 279.84 crore in April-June against Tk 421.37 crore in January-March. Recovery of such loans by the specialised banks dropped to Tk 531.8 crore from Tk 749.76 crore.
Specialized banks’ recovery against classified loans increased to Tk 46.11 crore from Tk 26.45 crore.
Source: New Age