Dhaka, Bangladesh (BBN)-The amount of classified loans in the country’s banking system dropped significantly following rescheduling, write off and recovery.
The volume non-performing loans (NPLs) fell by 12.45 percent to BDT 501.56 billion in the fourth quarter (Q4) of the last calendar year from 572.91 billion in the Q3 of 2014, according to the central bank statistics.
During the Q4, the share of NPLs in the total outstanding loans of the banking system came down to 9.69 percent from a rise to 11.60 percent in the previous quarter.
“The amount of classified loans has decreased during the October-December period of 2014 following rescheduling, write off and recovery,” a senior banker told the BBN in Dhaka.
BBN/ASI/AD-9Feb15-5:30pm (BST)