The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
Top 300 loan defaulters named in parliament
Finance Minister AHM Mustafa Kamal has provided the parliament with a list of top 300 loan defaulters in Bangladesh.
Published : 22 June 2019, 11:32 AM
Updated : 22 June 2019, 11:32 AM
In addition, he gave details of 14,617 individuals who borrowed more than Tk 50 million each from different banks and leasing companies since 2009 without repayment.
The minister furnished the list on Saturday in response to a question from ruling Awami League MP Md Israfil Alam.
The top 10 loan defaulters are Chattogram’s Samannaj Super Oil, Gazipur's Galaxy Sweater and Yarn Dyeing, Dhaka Savar's Rimex Footwear, Dhaka's Quantum Power System, Chattogram's Mahin Enterprise, Dhaka’s Rupali Composite, Dhaka’s Crescent Leather Wear, Chattogram's SA Oil Refinery, Gazipur's Suprov Composite Knit and Grameen Shakti.
The top 300 loan defaulters owe Tk 509.42 billion to the different banks and financial institutions.
The amount of bad debt in the last 39 months was Tk 432.1 billion, according to Kamal.
The number of loan defaulters until September 2015 was 1,11,954 with a total Tk 591.05 billion in bad loans.
And until December 2018, the number of loan defaulters was 1,70,390 and the amount of defaulted loans was more than Tk 1 trillion.
RELATED STORIES
The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
While initial price spikes have faded since Russia's invasion of Ukraine, a widening of the conflict could cause them to intensify, the IMF says
Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
