The remaining eight banks are running under coordinators. They are Sonali Bank, Janata Bank, Rupali Bank, Agrani Bank, Bangladesh Agricultural Bank, ICB Islamic Bank, Islami Bank Bangladesh and First Security Islami Bank.
At least 12 banks have reported cases of new loan irregularities as well as a rise in their defaulted loans. Only Basic Bank, Padma Bank and National Bank have been successful in reducing their default loans.
To meet the terms of a $4.7 billion loan from the International Monetary Fund (IMF), Bangladesh Bank has instructed banks to reduce their default loans, but most of them are struggling to comply with the instruction. It is falling.
Mustafa K. Mujeri, former chief economist of Bangladesh Bank, expressed doubts over the effectiveness of supervisors and coordinators due to their limited authority.