Real default loan may exceed 30pc, CA’s press secretary says, citing BB governor

Quoting Bangladesh Bank Governor, the Chief Adviser’s Press Secretary Shafiqul Alam said the real default loan in the banking sector may reach over 30 per cent.

Responding to a question at a press briefing on the White Paper on the finance sector, he said the committee had to work based on official data and they were given only three months.

“The white paper report will be revised through incorporating the real data,” he stated when asked why the white paper said that the default loan is 10.2 per cent if the actual figure is over 30 per cent.

Mr Shafiq said the government is committed to bringing back the siphoned money and from December 10, a series of meetings will be held with the FBI and some other international organisations that specialise in recovering stolen money.

Replying to a question, he said that the persons who laundered the money will be brought to justice.

Responding to another question, he said that the recent move to provide Tk 225 billion to the banking sector will not at all impact the inflation situation.

Before the fall, the ousted government printed Tk 600 billion in a bid to help S Alam Group launder money, but the Tk 225 billion provided to the banking sector last week aimed at helping weak banks, he said.

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