Oct 27, 2019

3,607 m loans of People's Bank made non-performing Featured

Committee on Public Enterprises (COPE) states that from the loans issued by the People's Bank in 2017 Rs. 3,607 million has been identified as non-performing loans by 31 May 2018 .

According to the third report presented to the parliament by the COPE, People's Bank has issued loans amounting to Rs. 38,446 million in 2017.

Out of this, the bank has failed to obtain a single installment from loans amounting to Rs. 140 million and even the capital installment has not been recovered from the loans amounting to Rs. 910 million.