The outstanding loans of five state-owned commercial banks (SoCBs) crossed Tk 320 billion, which the experts term as a risky situation for the country’s banking sector.

The state-run banks include the Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank and Basic Bank.

Bangladesh Petroleum Corporation (BPC) grips some Tk 193.42 billion or 63 percent of the outstanding loans of the state-owned banks till September this year, Bangladesh Bank (BB) data shows.

Data suggests that the total amount of the outstanding loans of 38 state-owned enterprises to the state-run banks stood at Tk 338.43 billion till September, 2012.

Till September this year, the classified loans of the state-run firms amounted to Tk 12.67 billion, data shows.

BPC remains in debt of Tk 81.42 billion to Sonali Bank, Tk 59.86 billion to Janata Bank, Tk 48.83 billion to Agrani Bank and Tk 3.29 billion to Rupali Bank.

News: Daily Sun/Bangladesh/01-Nov-12