Bangladesh: IMF concerned over growing non-performing loan

DHAKA, 18 July 2022, (TON): The visiting International Monetary Fund officials expressed concern over the growing non-perming loans in the banking sector and a possible drop in demand of the country’s apparel exports.

According to the officials that attended the meeting “they gave vent to their feelings during a meeting with the officials of financial institutions division and the commerce ministry at the secretariat.”

The amount of defaulted loans in the county’s banking sector rose by Tk 10,167.08 crore to Tk 1,13,440 crore in the first three months of 2022.

The IMF says that a high NPL would make the country’s banking sector weak.

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