Tk 62.61b written off by banks in 2014
Tuesday, 28 July 2015
Bad or default loans amounting to Tk 62.61 billion were written off by banks in the calendar year 2014. These loans were written off when they became adversely classified. In CY13, about Tk 62.97 billion was written off. This was revealed by “Financial Stability Report (FSR) 2014” released by Bangladesh Bank recently. According to the FSR, about Tk 390 billion are bad or loss loans that are more than three-fourths or 77.8 per cent of total non-performing loans (NPL), according to a news agency.