Janata : State-run banks are fervently rescheduling loans with a view to flattering their true financial health.
In 2017, Sonali, Janata, Agrani, Rupali and BASIC rescheduled loans amounting to about Tk 5,000 crore, in contrast to Tk 3,300 crore a year earlier, according to data from the central bank.
Janata regularised the highest amount of loans: Tk 1,433 crore. As a result, the bank’s default loan ratio came down to 14.10 percent at the end of last year from 16.14 percent in 2016.
The bank’s other financial indicators though deteriorated during the course of 2017.
At the end of last year, it had a capital shortfall of Tk 161.48 crore, which was Tk 278 crore in the surplus the previous year.
Janata’s net profit too plummeted 1.6 times to Tk 96.77 crore in 2017 from Tk 260.55 crore the previous year.
Agrani rescheduled the next highest amount of loans in 2017: Tk 1,288 crore. In 2016, it had rescheduled Tk 540 crore.
The huge rescheduling helped the bank to bring down its default loan ratio to 18.31 percent at the end of last year from 29.32 percent a year earlier.
