Top 20 loan defaulters named, total 266,118 until 2018-end

Bangladesh has had 266,118 loan-defaulting individuals and companies until Dec 2018, Finance Minister AHM Mustafa Kamal has said.

He also provided parliament with a list of top 20 loan-defaulting firms on Thursday in response to a question from ruling Awami League MP Waresat Hussain Belal.

They included Quantum Power Systems, Samannaj Super Oil, BR Spinning Mills, Suprov Spinning, Rimex Footwear, Rising Steel, Computer Source, Benetex Industries, Max Spinning Mills, SA Oil Refinery, Rubaiya Vegetable Oil Industries Limited, Anowara Spinning Mills, Crescent Leather Products, Suprov Rotor Spinning, Yasir Enterprise, Chowdhury Knitwear , Siddique Traders, Rupali Composite Leatherwear, Alppa Composite Towels and MM Vegetable Oil Products.

The names of some eligible loan defaulters were not included due to the High Court’s stay orders, according to Kamal.

Responding to a query from Haji Mohammed Salim MP, the finance was said the six state-owned banks had over Tk 442.89 billion im combined defaulted loam as at September 2018.

Of the amount, the Sonali Bank topped with Tk 125.26 billion, followed by Janata Bank with Tk 122.22 billion, BASIC Bank Tk 84.41 billion, Agrani Bank Tk 56.48 billion, Rupali Bank Tk 48.7 billion and Bangladesh Development Bank Tk 7.79 billion, according to the minister.

The amount of deposits in the 57 scheduled banks operating in Bangladesh was more than Tk 1.1 trillion on Dec 27 last year, Kamal said on being asked by Didarul Alam MP.

The banks’ investment was Tk 922.884 trillion at the time, according to the minister.    

Average daily turnover in mobile banking was Tk 10.3 billion, generated from around 6.78 million transactions in December, he said when M Abdul Latif threw a question.

The minister added the central bank was working to cut mobile banking service charge.

Asked by Md Israfl Alam MP, Kamal said Sonali, Janata, Agrani and Rupali banks and the Investment Corporation of Bangladesh have provided the Padma Bank, previously Farmers Bank, Tk 7.15 billion capital so that the troubled bank could regain customer confidence.

VOIP: GP TOPS LIST OF FINED TELCOS

Post, Telecommunication and IT Minster Mustafa Jabbar told parliament that the government had collected over Tk 8.6 billion in fines from five telecom operators for their part in illegal VoIP activities.

Grameenphone topped the list with a fine payment of more than Tk 4.18 billion.

Robi paid Tk 1.45 billion, Banglalink Tk 1.25 billion, Rangs Telecom Tk 1.64 billion and People’s Telecom Tk 82 million.