Loan write-offs in Bangladesh's banking sector have more than tripled in the first half of the year, according to data from the Bangladesh Bank. Between January and June, Tk4,513 crore ($530 million) of loans were written off, marking a 247% year-on-year rise. The increasing amount of defaulted loans in banks is directly leading to a corresponding increase in written-off loans. By the end of June, the total written-off loans amounted to Tk67,721 crore ($7.9 billion). The banking sector's total default loan reached Tk1,56,039 crore ($18.3 billion) in June, which accounted for 10.11% of the total outstanding loans. As of June 2023, Tk189,668 crore ($22.3 billion) is stuck against 72,891 cases in the money-loan courts. [386ce210] [54632cf4]