Defaulted loans of the banking sector stood at Tk 950.85 billion, which was 8.07 per cent of the total outstanding loans of the sector.
The volume of non-performing loans (NPLs) plummeted by more than 7.0 per cent or Tk 63.51 billion to Tk 950.85 billion during the January-March (Q3) period of 2021 from Tk 887.34 billion in the October-December(Q2) period, according the Bangladesh Bank (BB) latest statistics.
Besides, the share of NPLs also rose to 8.07 per cent of the total outstanding loans in the July-September (Q1) of 2021 from 7.66 per cent in the March-June (Q4) of 2020 – as per consolidated statement of classified loans covering both domestic and offshore banking units.
It was 9.03 per cent as on March 31, 2020.
The amount of classified loans increased by nearly 3.0 per cent or Tk 25.74 billion to Tk 950.85 billion in the Q1 of 2021 compared to the same period of the previous calendar year. The amount of NPLs was Tk 925.11 billion as on March 31, 2020.
Moreover, the classified loans cover substandard, doubtful and bad/loss portions of the total outstanding credit, which reached Tk 11,776.58 billion as on March 31 on a consolidated basis. It was Tk 11,587.75 billion three months ago.
In the meantime, the volume of defaulted loans with six state-owned commercial banks increased to Tk 434.50 billion in the Q1 of 2021 from Tk 422.73 billion three months before.
The 41 private banks held defaulted loans amounting to Tk450.90 billion at the end of December, rose 11.71 per cent from a quarter earlier.
The nine foreign banks’ bad loans stood at Tk24.58 billion, up from Tk20.38 billion in three months earlier.
The three specialized state banks defaulted loans stood at Tk40.86 billion, up from at Tk40.61 billion, as per the central bank latest data.