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Names of top 20 loan defaulters disclosed in JS

  • Staff Correspondent
  • 25 January, 2023 12:00 AM
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Finance Minister AHM Mustafa Kamal on Tuesday disclosed a list of the top 20 loan defaulters in parliament.

“Total debt to the top 20 defaulters is Tk 192.83 billion, of which Tk 165.87 billion is non-performing,” he said in response to a question from ruling Awami League lawmaker Shahiduzzaman Sarker.  

The finance minister also informed the House that the total number of defaulters in the country is 7,86,065.

The day’s business began with Speaker Dr Shirin Sharmin Chaudhury in the chair.

NPLs are loans in which the borrower is in default and hasn't made any scheduled payments of principal or interest for a certain period of time. Such credit increased to Tk 1.34 trillion in the first quarter of the current fiscal year 2022-23.

CLC Power Company, according to the minister, topped the list with outstanding loans worth Tk 17.32 billion (including NPLs worth Tk 16.4 billion). The total outstanding loan of Western Marine Shipyard is Tk 18.55 billion with an NPL of Tk 15.29 billion, while Remix Footwear and Ilius Brothers have outstanding loans of Tk 14.27 billion and Tk 9.65 billion, respectively.

Rising Steel Company has outstanding loans of Tk 11.42 billion, of which Tk 9.9 billion are NPLs. Rupali Composite Rupali Composite Leather's defaulted debt is Tk 87.329 lakh.

In the case of Crescent Leathers, the defaulted loans amount to Tk 8.55 billion, while in the case of Quantum Power Systems, the defaulted loans amount to Tk 8.11 billion.

The debt status of Saad Musa Fabrics is Tk 11.31 billion, with Tk 7.76 billion being defaulted loans. BR Spinning Mills has a defaulted loan of Tk 7.21 billion. SA Oil Refinery has a total debt of Tk 11.72 billion, out of which Tk 7.03 billion is classified as NPL. Maisha Property has a total loan of Tk 6.86 billion, of which Tk 6.63 billion has turned into NPL.

Radium Composite Textile has an NPL worth Tk 6.6 billion out of its total loan of Tk 7.7 billion. Samannaz Super Oil has an NPL worth Tk 6.51 billion out of its total credit of Tk 11.3 billion. Manha Precast Technology has defaulted debt of Tk 6.47 billion and Asian Education has a debt of Tk 6.35 billion out of its total credit of Tk 6.53 billion.      SM Steel Re-Rolling Mills has a defaulted amount worth Tk 6.3 billion NPL out of its total credit of Tk 8.88 billion. Apollo Steel Complex has an NPL worth Tk 8.72 billion out of its total credit of Tk 6.23 billion.

Ehsan Steel Re-Rolling Mills defaulted on Tk 5.9 billion out of total Tk 6.24 billion credit while Siddiqui Traders made NPL worth Tk 5.41 billion from their borrowing of Tk 6.7 billion.