Default loans at NBFIs just keep souring despite loan moratorium
The NBFIs' defaulted loans stood at Tk6,399 crore at the end of December 2019 Default loans at non-bank financial institutions (NBFIs) rose 57.10% last year despite the loan moratorium facility offered by Bangladesh Bank.As of December last year, non-performing loans (NPLs) in the 33 NBFIs in the country stood at Tk10,053.60 crore, which are 15.02% of the total outstanding loans, according to the provisional data from the central bank.
The NBFIs' defaulted loans stood at Tk6,399 crore at the end of December 2019.Earlier on March 24 last year, as the coronavirus pandemic was putting down its roots in Bangladesh, the central bank asked the NBFIs to keep classification unchanged until June to help borrowers tide over the economic shock.
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