Dhaka, Sept. 9 -- A new report from the Asian Development Bank (ADB) has revealed that Bangladesh now ranks highest in Asia in terms of defaulted loans.

The report compares the 2023 financial indicators of countries across Asia and the Pacific, showing Bangladesh at the top of the default loan list.

Sources note that following the fall of the Awami League government in August last year, many hidden defaults within the banking sector have come to light. Loans taken by Awami League leaders and their allied businessmen have also turned into defaults.

As a result, the share of defaulted loans in the banking sector has surged from 12pc to over 28pc in just one year - meaning more than a quarter of total bank loans are now in default. Bangla...