Muhith reveals list of 2,196 top defaulters

Finance minister A M A Muhith on Sunday rolled out a list of 2,196 companies that have defaulted on repayment loans to the tune of Tk 15,451 crore as of March this year.

bdnews24.com
Published : 5 July 2009, 08:24 AM
Updated : 5 July 2009, 08:24 AM
Dhaka, July 5 (bdnews24.com)—Finance minister A M A Muhith on Sunday rolled out a list of 2,196 companies that have defaulted on repayment loans to the tune of Tk 15,451 crore as of March this year.
He said the list of Bangladesh Bank's Credit Information Bureau (CIB) comprised those defaulters who had defaulted on loans of Tk 1 crore and above.
A Beximco Group company heads the central bank's list of top defaulters, Muhith told the parliament on a question from Noor Afroz Ali MP.
Muhith also said the Awami League-led government had taken initiatives to realise the outstanding loans.
He said Tk 591 crore 44 lakh was recovered until March 31 this year.
"The Bangladesh Bank has formed a separate cell to recover the defaulted loans. The central bank is supervising the processes necessary for speedy disposal of the cases filed against the loan defaulters in loan courts."
Muhith said the central bank was keeping an eye on the banks over recovery of the classified loans.
Beximco Textile is the largest defaulter with around Tk 353 crore loan followed by Padma Textile Mills Limited, another company of Beximco Group, with nearly Tk 293 crore.
State-run Bangladesh Jute Mills Corporation comes next at number three with Tk 267.5 crore, followed by another government-managed company, Bangladesh Textile Mills Corporation which has defaulted on Tk 177 crore.
SDS International Limited with about Tk 140 crore is the fifth largest defaulter. Beximco's Shinepukur Holdings comes sixth with Tk 134 crore loan default, while Beximco Knitting has Tk 81 crore.
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