9 banks face Tk 16,402cr in capital shortfall

AKM Zamir Uddin | Published: 22:58, Dec 08,2016

 
 

Nine scheduled banks, burdened with huge amounts of defaulted loans, faced an aggregate capital shortfall of Tk 16,402 crore as of September 30 this year.
The nine banks are Bangladesh Krishi Bank, Sonali Bank, BASIC Bank, Janata Bank, Agrani Bank, Rupali Bank, Rajshahi Krishi Unnayan Bank, Bangladesh Commerce Bank, and ICB Islamic Bank.
According to the latest Bangladesh Bank data, capital shortfall of BKB stood at Tk 6,981 crore as of September 30 from a shortfall of Tk 7,416 crore as of June 30 this year, that of Sonali at Tk 2,278 crore from a shortfall of Tk 2,606 crore, that of BASIC at Tk 2,423 crore from a shortfall of Tk 2,286 crore, that of Janata at Tk 771 crore from a shortfall of Tk 664 crore, that of Agrani at Tk 112 crore from a shortfall of Tk 200 crore and that of Rupali at Tk 1,368 crore from a shortfall of Tk 1,053 crore.
The capital shortfall of RAKUB stood at Tk 726 crore as of September 30 from a shortfall of Tk 699 crore as of June 30, that of BCBL at Tk 303 crore from a shortfall of Tk 298 crore, and that of ICB Islamic Bank at Tk 1,444 crore from a shortfall of Tk 1,436 crore.
The capital base of the nine banks declined in recent months due to rising defaulted loans as they had to maintain huge amount of provision against the non-performing loans, a BB official told New Age on Thursday.

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