Over five years, Agrani Bank’s NPL surged by over 203%, reaching Tk 18,096 crore by the end of 2023. This rise has negatively impacted the bank’s economic indicators, with provisions amounting to Tk 4,340 crore and a capital shortfall exceeding Tk 4,828 crore as of December. The Managing Director has drawn criticism, with allegations of inadequate scrutiny leading to massive loans disbursed during the tenure of the previous MD. Despite attempts to address the situation, including restructuring loans under BRPD Circular-5, economic challenges have hindered customers’ ability to repay, exacerbating the NPL crisis. Dissatisfaction with the management’s performance is evident, with calls for prompt decision-making and improved competence. Emphasizing concerns that the escalating NPLs pose a significant threat not only to the affected banks but also to the broader economy, underscores the urgency of implementing effective measures to mitigate the crisis.
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