Four state-owned commercial banks — Sonali, Janata, Agrani and Rupali — recovered only Tk 226 crore, or 36.27 per cent of their annual target of Tk 623 crore, from their top 20 loan defaulters in the first nine months of 2014, the latest Bangladesh Bank data showed.
The four banks were on the verge of falling way short of their annual defaulted loan recovery target from their top 20 defaulters although the BB continuously pressed them to recover non-performing loans, BB officials said.
The SCBs had recovered Tk 334 crore, or 59.43 per cent of their annual target of Tk 562 crore, from top loan defaulters in the first nine months of 2013.
The central bank sets a recovery target of defaulted loans from the top 20 defaulters every year in line with the memorandum of understandings signed between the BB and the SCBs.
For 2014, the central bank set a defaulted loan recovery target of Tk 315 crore for Sonali Bank, but it recovered only Tk 80 crore in January-September of 2014 against Tk 106 crore it had re
-With New Age input
