Welcome to Business Outlook
Related Articles
The amount of troubled loans in the banking system dived in the fourth quarter of 2019, aided by the special facilities central bank offered to defaulters.
The non-performing loans, or NPLs, shrank by nearly 19 per cent to Tk 943.31 billion as of December 31 of the year from Tk 1,162.88 billion three months before, according to the central bank’s latest statistics released on Monday.
The amount of NPLs edged up by 0.45 per cent to Tk 943.31 billion in 2019 from Tk 939.11 billion a year earlier, despite the policy support from the Bangladesh Bank to delinquent borrowers.
The uptrend in NPLs fell in the fourth quarter (Q4), helped by loan rescheduling and the exit provision, officials said.
The central bank offered a special facility to loan defaulters on May 16, allowing them to reschedule loans by paying 2.0 per cent down payment for a maximum of 10 years.
(FE)
