The quantity of forced loans issued by four state-owned banks continues to grow, with the majority of these loans concentrated in a few branches.
According to Bangladesh Bank data, forced loans in four state-owned commercial banks totalled Tk9,222 crore in June.
Sonali, Janata, and Agrani banks boosted their forced loans by Tk309 crore between January and June. However, Rupali Bank could reclaim a portion of its forced loans, reducing the total by Tk75 crore.
The Bangladesh Bank reports that Janata Bank disbursed Tk63,435 crore in loans through June of this year. Among these loans, Tk45,662 crore, or 72% of the total paid amount, was spent through only five branches. Rupali Bank has disbursed loans of Tk35,691 crore so far this year. Sixty-one per cent of loans were disbursed through only five branches. Additionally, 47% of Agrani Bank’s loan portfolio of Tk54,385 crore was spent through five branches.
Source: The Business Standard