0%
Loading ...

Defaulted Loans Hit ৳5.45 Lakh Crore: Finance Minister Tells Parliament

A satirical black-and-white editorial caricature showing Finance Minister Amir Khasru standing expressionless in the foreground while three giant figures with inflated bellies labeled "S. Alam," "Beximco," and "Rangdhanu" consume the Bangladesh Bank building.

Finance Minister Amir Khasru Mahmud Chowdhury informed Parliament today that the total amount of defaulted loans in the country’s banking sector has reached a staggering ৳5.45 lakh crore.

While responding to a query from National Nagorik Party (NCP) member Abul Hasnat (Hasnat Abdullah) on Monday, the Finance Minister detailed that as of December 31, 2025, the exact volume of non-performing loans (NPLs) stood at ৳5,44,831 crore.

Top 20 Defaulters Revealed

The Finance Minister placed a list of the top 20 loan defaulters before the House. The entities named include:

  • S. Alam Super Edible Oil Limited
  • S. Alam Vegetable Oil Limited
  • S. Alam Refined Sugar Industries Limited
  • S. Alam Cold Rolled Steels Limited
  • Sonali Traders
  • Bangladesh Export Import Company Limited (BEXIMCO)
  • Global Trading Corporation Limited
  • Chemon Isat Limited
  • S. Alam Trading Company Private Limited
  • Infinite CR Strips Industries Limited
  • Keya Cosmetics Limited
  • Deshbandhu Sugar Mills Limited
  • PowerPack Mutiara Keraniganj Power Plant Limited
  • PowerPack Mutiara Jamalpur Power Plant Limited
  • Pacific Bangladesh Telecom Limited
  • Karnaphuli Foods (Private) Limited
  • Murad Enterprise
  • CLC Power Company Limited
  • Beximco Communications Limited
  • Rangdhanu Builders (Private) Limited

Loans Held by Lawmakers

The Minister further disclosed that the total outstanding loan amount held by current Members of Parliament and their interest-linked institutions stands at ৳11,117.31 crore. Additionally, he noted that ৳3,330.08 crore in defaulted loans remains unreported as such due to various court stay orders.

Government Action Plan

To tackle the rising NPLs, Amir Khasru Mahmud Chowdhury outlined several measures:

  • Quarterly Meetings: Banking authorities are meeting every three months with the top management of banks where classified loans exceed 10% to identify bottlenecks and implement action plans.
  • Progress Monitoring: Recovery progress of the top 20 defaulters is being reviewed in every Bankers’ Meeting organized by Bangladesh Bank.
  • Special Guidelines: Bangladesh Bank has formulated specific guidelines for banks struggling with high NPL ratios.
  • Policy on Willful Defaulters: A new policy has been issued under the Banking Companies (Amendment) Act to identify and take strict action against “willful defaulters.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from Gonotaar

Subscribe now to keep reading and get access to the full archive.

Continue reading