Earlier, in the last fiscal year financial report, the bank had published NPL of 3.14% but with write off of bad loans of NB groups, the NPL has come to dip by more than one percent.
Following the Sunday’s transaction of 29 lakh 14 thousand and 12 kitta promoter share between the Bangladesh based IFIC bank and NBB, the bank has come to receive amount worth Rs 76 crore 30 lakh and 60 thousand..
Of the received amount, Rs 25 crore has been used to release the pledged shares in various banking and financial institutions. While, rest of the amount has been used in recovering the bad debt related to the NB group members, under various loan headings.
The action has led into retrieval of long due loan amounts from NB group, which were previously categorized as non performing loans, helping the bank in maintaining healthy loan portfolio in progress.
-sharesansar
