10 banks faced capital shortfall of Tk 28,949cr in 2020
Ten banks have faced a capital shortfall of Tk 28,949 crore last year because of their high ratio of defaulted loans.
The 10 banks are Agrani, Basic, Janata, Rupali, Sonali, Bangladesh Krishi, Rajshahi Krishi Unnayan, Bangladesh Commerce, ICB Islamic and Padma.
The banks had earlier suffered a wide range of financial scams that eroded their capital base substantially.
Among the lenders, Bangladesh Krishi Bank faced the highest amount of capital shortfall, which stood at Tk 10,819 crore at the end of last year, data from the central bank showed.
As of December last year, the average capital adequacy ratio (CAR), which determines the adequacy of a bank's capital in keeping with their risk exposure, stood at 11.64 per cent, down from 11.94 per cent three months earlier.
This means the overall capital base worsened in the final quarter of last year.
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