Five banks held over 54% of the country’s non-performing loans (NPLs) as of June, totaling Tk 1,14,211 crore out of Tk 2,11,391 crore in NPLs. The sector’s total NPLs rose from Tk 1,82,295 crore in March. The highest NPL was Tk 48,000 crore, or 52.55% of total loan disbursements. Other significant NPLs were Tk 21,324 crore, Tk 20,929 crore, Tk 13,495 crore, and Tk 10,463 crore, accounting for 30.6%, 49%, 14.81%, and 23% of these banks’ total loans. The top 10 banks had Tk 1,48,623 crore in NPLs, over 70% of the sector’s toxic loans. Six state-owned banks collectively held over Tk 1 lakh crore in NPLs for the first time in June, up from Tk 85,870 crore in March. Since 2009, NPLs surged nearly tenfold from Tk 22,240 crore to Tk 2,11,391 crore by June 2024. Rescheduling loans and data manipulation previously masked the issue, but the crisis is now surfacing under new leadership.
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