List of top 20 loan default companies released

Sun Online Desk

1st March, 2019 01:31:26 printer

List of top 20 loan default companies released

Finance Minister AHM Mustafa Kamal has released the list of top 20 loan default companies in the country as of December 2018 yesterday.

 

He made the list available while attending the question and answer session of the National Parliament.

 

He said: "There are a total of 266,118 loan defaulters in the country as of December 2018. I am releasing the names of top 20 of them while due to a number of stay orders of the High Court the names of some defaulters cannot be published."

 

The top 20 loan default companies, as per the Credit Information Bureau of Bangladesh Bank, are-- Quantum Power System Limited, Samannaz Super Oil Ltd, BR Spinning Mills Limited, Suprov Spinning Limited, Rimex Footwear Ltd, Rising Steel Limited, Computer Source Limited,  Benetex Industries Ltd, Max Spinning Mills, SA Oil Refinery Ltd, Rubya Vegetable Industries Ltd, Anowara Spinning Mills, Crescent Leather Products Ltd, Suprov Rotor Spinning Limited, Yasir Enterprise, Chowdhury Knitwears Ltd, Siddique Traders, Rupali Composite Leather Wear Ltd, Alppa Composite Towels Limited and MM Vegetables Products Ltd.

 

The sum of non-performing loans (NPL) stood at Tk 93,911 crore at the end of 2018, up from Tk 74,303 crore a year ago, according to Bangladesh Bank data. They accounted for 10.3 percent of the banking sector's total loans, up from 9.3 percent in 2017.

 

The majority of the total amount of NPLs is still held by the country’s eight state-owned commercial banks, standing at Tk 53,484 crore at the end of 2018, up just over 25%  year-on-year.

 


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