Rupali Bank recovered Tk 145cr in first five months - Share market analysis of dhaka stock exchange, Bangladesh

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02 June, 2016 11:41 AM Source: The Daily Star Bangladesh

Rupali Bank realised Tk 145 crore in first five months of this year against its classified loan which is 72 percent of the bank's target for the whole year set by the finance ministry.

The bank's officials held door-to-door meeting to recover the loans, the bank said in a statement.

This year, Rupali Bank has been given a target of recovering Tk 200 crore. Last year the bank realised Tk 112 crore.

Managing Director of Rupali Bank Farid Uddin in a statement said the alarming rise of default loan in the banking sector has been hampering business activities seriously.

Increasing default loan has been shrinking banks' profitability, he said, adding that there is no alternative to recovering bad loans for survival of the banks. 

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