BB includes BASIC Bank as SoCB

The central bank included the name of BASIC Bank as state-owned commercial bank (SoCB) instead of specialised one or development-finance institution (DFI) in its latest classified loan statement.

"We've included the name of BASIC Bank as SoCB in line with our board of directors decision," a senior official of the Bangladesh Bank (BB) told the FE.

He also said the change does not influence in the overall classified loans position.

During the October-December 2014 period, the total amount of classified loans with five SoCBs came down to Tk 227.63 billion from Tk 269.45 billion in the previous quarter.

The non-performing loans (NPLs) with three DFIs rose to 72.60 billion in the Q4 from Tk 65.14 billion in the previous quarter after deduction the name of BASIC Bank from the DFIs list.

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