More than 200,000 loan defaulters in Bangladesh, Muhith tells parliament

PV Desk : The number of loan-defaulting individuals and companies in Bangladesh now stands at 202,623, Finance Minister AMA Muhith has said.

He, however, did not disclose how much money they owe to the banks, while speaking to his colleagues in parliament during a session on Tuesday.

Defaults stood at Tk 734.09 billion until March, accounting for 10.53 percent of the total loans disbursed, according to data from Bangladesh Bank.

Responding to a query from Opposition MP Pir Fazlur Rahman, Muhith said state banks retrieved Tk 301.2 billion in defaults in the first three quarters of fiscal 2017.