Loan provisioning costs NBR dear
The National Board of Revenue (NBR) suffered a revenue loss of Tk 4.03 billion in 2004 from the country's banking sector due to provisioning requirement against classified loans, official sources said.
"The annual profits of banks suffer because of the provisioning requirement against non-performing loans. This, in turn, affects the earning of the NBR" a Board high official told FE Saturday.
Sources at the Bangladesh Bank (BB) said the net classified loans of country's 49 public, private and specialised banks were at Tk 94.95 billion until December 31, 2004, which accounts for 9.79 per cent of the total outstanding loans.
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The National Board of Revenue (NBR) suffered a revenue loss of Tk 4.03 billion in 2004 from the country's banking sector due to provisioning requirement against classified loans, official sources said.
"The annual profits of banks suffer because of the provisioning requirement against non-performing loans. This, in turn, affects the earning of the NBR" a Board high official told FE Saturday.
Sources at the Bangladesh Bank (BB) said the net classified loans of country's 49 public, private and specialised banks were at Tk 94.95 billion until December 31, 2004, which accounts for 9.79 per cent of the total outstanding loans.
Read More...
posted by Mohd Amin | 9:45 PM
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