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Recovery of bad loans falls by 51% in Q3

January 24, 2023

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Bad loan recovery dropped 51% to Tk 1,876 crore in the July-September quarter of 2022. Banks attribute the sharp decline to the deteriorating economic climate brought on by the currency crisis as well as the central bank’s lax lending policy. However, compared to the prior quarter, there were Tk 13,791 crore more in delinquent loans. According to data from the Bangladesh Bank, banks rescheduled loans totaling Tk 5,551 crore in the July–September quarter, up from Tk 3,706 crore in the previous quarter.

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