Bangladesh begins special audit, stress testing of banks, as bad loans add to crisis

Six banks have been placed under central bank control, with up to $50bn of non-performing loans under scrutiny after looting scandal.

With many banks having lost their capital base due to huge looting by the close aides of the last government, Bangladesh’s central bank has launched a special audit for six highly troubled banks to evaluate their asset quality before deciding their future.

¬ Haymarket Media Limited. All rights reserved.

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