State-run commercial banks write off Tk 2041cr defaulted loan in five years

Staff Correspondent | Published: 20:22, May 03,2017

 
 

 

The country’s seven state-run commercial banks wrote off Tk 2041 crore defaulted loans in past five years, finance minister AMA Muhith told parliament on Wednesday.

‘State-run commercial and specialised banks had wrote off Tk  Tk 2041 crore defaulted loans in between 2012 to 2016 ‘ Muhith said while replying a starred question of independent MP Abdul Matin.

In his scripted answer, Muhith said that Janata Bank Limited wrote off highest Tk 1381 crore defaulted loans, Agrani Bank Limited wrote off Tk 638 crore, Sonali Bank Limited wrote off Tk 594 crore, Rupali Bank Limited wrote off Tk 374 crore, Bangladesh Development Bank Limited wrote off Tk 117 crore, Bangladesh Krishi Bank wrote off 74 crore, BASIC Bank wrote off Tk 31 crore and Rajshahi Krishi Unnyan Bank wrote off 17 crore.

Muhith said that banks write off defaulted loans as the rest of the loans would be paid within 90 to 180 days. The write off facilities would come in being only after rest of the loans was repaid.

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