Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
No need to ring the alarm bell over default loan: BB chief
Bangladesh's top banker sees no reason to press the alarm button just yet over the default loan in banking sector.
Published : 25 Dec 2014, 07:05 PM
Updated : 25 Dec 2014, 07:06 PM
Also Read: Crackdown on big loan defaulters: Atiur
The Bangladesh Bank governor says the figure on default loan amount seems big because of huge amounts of bad loan by a handful of institutions.
"There has been severe criticism over default loan but there's nothing to worry," Atiur Rahman said at a programme in Dhaka on Thursday.
In an interview with bdnews24.com last month, the governor promised a crackdown on defaulters.
"It is my dream to bring down the level of loan default to a single digit," he said.
According to the central bank figures, Tk 572.9 billion of bad loan made up 11.6 percent of the disbursed loan by the end of September.
Rahman said the amount would come down to two percent if default loans of several state-owned institutions like Bangladesh Krishi Bank, Rajshahi Unnayan Bank were taken out of the equation.
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