ZCZC
BSS-26
KAMAL-NPL
No NPL from today: Kamal
DHAKA, Jan 10, 2019 (BSS) – Finance Minister AHM Mustafa Kamal today said
there will be no Non-Performing Loan (NPL) from today as Bangladesh
Association of Banks (BAB) is going to take necessary measures to check the
loans.
“Now NPL becomes a matter of grave concern, but it is still in a manageable
position. From today, NPL will not increase and BAB will take necessary
initiatives to cut the existing classified loans,” he told reporters after a
meeting with BAB at the Planning Ministry in the capital.
BAB Chairman Nazrul Islam Mazumder and others directors of the association
were present at the meeting.
Kamal said the government will prepare a guideline to verify all the
classified loans in the banking sector and will take necessary steps for
checking the loans.
“BAB will give us a list of loan defaulters, their borrowing amounts and
interest amounts. We will verify the list in line with data of the central
bank and the Financial Institutions Division. Then, we will prepare the
guideline and go for action,” he added.
Nazrul said BAB is going to take necessary steps against NPL with support
from the government.
“Comparing the neighbouring countries, the existing rate of NPL is not a
matter of concern for us. We’ll take all kind of measures for reducing NPL
from today,” he said.
Nazrul said BAB will present the whole scenario of NPL before the
government within one month so that it can take further steps to cut the
existing rate of NPL.
BSS/KUC/MRI/1758 hrs