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List of top 20 loan defaulters out as bad loans hit Tk 5.44tn

Many of them belong to the controversial S Alam Group

Top 20 loan defaulters named in parliament

Senior Correspondent

bdnews24.com

Published : 06 Apr 2026, 05:47 PM

Updated : 06 Apr 2026, 05:47 PM

Finance Minister Amir Khosru Mahmud Chowdhury has presented the list of the country’s top 20 loan defaulters in parliament, providing a stark picture of non-performing loans in Bangladesh’s banking sector.

According to the minister, as of Dec 31, 2025, total non-performing loans in the banking sector stood at nearly Tk 5.45 trillion.

The disclosure came during a question-and-answer session on Monday.

In response to a written question from National Citizen Party (NCP) MP Hasnat Abdullah, the minister presented a detailed list of the top 20 defaulters.

The loans of the sitting MPs and their affiliated institutions from banks and finance companies amount to Tk 111.17 billion.

However, Tk 33.31 billion of that amount was not shown as bad loans, in line with the court's instructions.

The top 20 defaulters named are:

  • S Alam Super Edible Oil Ltd
  • S Alam Vegetable Oil Ltd
  • Salam Refined Sugar Industries Ltd
  • S Alam Cold Rolled Steels Ltd
  • Sonali Traders
  • Bangladesh Export Import Co Ltd
  • Global Trading Corporation Ltd
  • Chemon Ispat Ltd
  • S Alam Trading Company Pvt Ltd
  • Infinite CR Strips Industries Ltd
  • Keya Cosmetics Ltd
  • Deshbandhu Sugar Mills Ltd
  • Power Pack Mutiara Keraniganj Power Plant Ltd
  • Power Pack Mutiara Jamalpur Power Plant Ltd
  • Pacific Bangladesh Telecom Ltd
  • Karnaphuli Foods Pvt Ltd
  • Murad Enterprise
  • CLC Power Company Ltd
  • Beximco Communications Ltd
  • Rongdhanu Builders Pvt Ltd

The minister said discussions are being held every three months with the banks whose classified loan rate is more than 10 percent.

Action plans are also being taken from the banks by identifying obstacles to smoother and regular loan recovery, he said.

The progress of bank-wise recovery of the top defaulters and classified loans is being reviewed in every bankers’ meeting of Bangladesh Bank, he told the parliament.

Khosru further said the central bank formulated special guidelines for banks with high classified loan rates.

Referring to a circular issued on Mar 12, 2024 to identify "wilful defaulters", the minister said policies have been issued to take action against such defaulters as defined in the Bank Company Act.

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  • Bangladesh

  • banking

  • Non-performing loans

  • Finance Ministry

  • Parliament

  • Beximco

  • S Alam

  • financial reforms

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