The total defaulted industrial loans increased by 30 per cent to Tk 31,270 crore in the July-September period of this year from that of the same period of 2016, showed Bangladesh Bank data.
Besides, total outstanding defaulted loan of bank and non-bank financial institutions increased to Tk 80,307 crore.
The total defaulted loan, excluding the written-off loans, stood at Tk 74,148 crore at the end of June 30 this year.
The classified loans, without write-offs, were Tk 73,409 crore as of March 31, 2017 and Tk 62,172.32 crore as of December 31, 2016.
Bangladesh Bank officials said that the large amount of defaulted loans created a vulnerable situation for the country’s banking sector as the non-performing loans continued rising.
The central bank must contain the rising trend in the classified loans at any cost in the greater interest of the country’s banking sector, otherwise the whole financial sector would plunge into a crisis in the months to come, they warned.
Such crisis surfaced at Farmers Bank suffering from intense liquidity crisis as a significant amount of loan was defaulted, they noted.
In July-September this year, banks and non-bank financial institutions disbursed Tk 81,344 crore.
While the total outstanding industrial loan disbursement rose by 13.71 per cent to Tk 3,51,898 crore at the end of September this year against Tk 3,09,459 crore at the end of September, 2016.
In July-September this year, defaulted loan in the large industrial sector increased by 41 per cent, medium industrial sector by 13 per cent and small industrial sector by 30 per cent.
Defaulted loan of the private commercial bank increased the most as their total outstanding defaulted loan stood at Tk 14,161 crore as of September this year Tk 9,830 crore at the end of September, 2016.
Besides, the defaulted loans in the state-run commercial banks increased by 23 per cent to Tk 13,064 crore at the end of September, 2017, while the figure was Tk 10,579 crore in September last year.
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