Published in ASIAMONEY on Tuesday 16 June 2020
The government tried to rescue state-owned banks by recapitalizing them every year for the last decade,” says Fahmida Khatun, executive director of Dhaka-based Centre for Policy Dialogue. “But this has not improved the performance of state-owned commercial banks, where NPLs account for over 30% of their total loans. Private commercial banks have also been afflicted by a loan default culture and experienced various scams.