100,000 defaulters in Bangladesh

Money

Almost 100,000 borrowers from government and non-government banks turned defaulters till March this year.

The four state-run banks – Sonali Bank, Rupali Bank, Agrani Bank and Janata Bank – had 23,247 defaulters with Tk 244 billion in default loans (till March), and only Tk 13.21 billion could be recovered.

On the other hand, private banks reported 76,331 defaulters.

Finance Minister AMA Muhith revealed this in Parliament on Tuesday, while replying to Awami League MPs Ahmed Nazmin Sultana and Apu Ukil.

In his reply to Ukil’s question, the Minister said Sonali Bank had 6,468 defaulters; Janata Bank 4,456; Agrani Bank 8,557 and Rupali Bank 3,886 defaulters till March this year.

For private banks – Pubali Bank had 4,749 defaulters, Uttara Bank 1,656; AB Bank 1,009; IFIC Bank 1,140; Islami Bank 1,763; NBL 907; City Bank 6,654; UCBL 4,852 and ICB Islami Bank had 741 defaulters.

Also, EBL had 4,144, NCCBL 622, Prime Bank 2,035, South-East Bank 559, Dhaka Bank 2,556, Al Arafa Islami Bank 210, Social Islami Bank 359, Dutch-Bangla Bank 614, Merchantile Bank 1,100, One Bank 926, EXIM Bank 341, Premier Bank 1,365, First Secutiry Islami Bank 104, Standard Bank 60, Mutual Trust Bank 116, Trust Bank 487, Bank Asia 1,841, BCBL 654, Jamuna Bank 145, Shahjalal Islami Bank 188 and BRAC Bank had 34,445 defaulters.

According to Muhith, the number of defaulters in foreign banks operating in Bangladesh wass 10,252. And, four specialised banks had 18, 824 defaulters.

So, the total number of defaulters in Bangladesh until March this year addded up to 99,674.

There are 26, 579 cases currently running regarding default loans.

In answer to a question from Israfil Alam, the Finance Minister said Tk 46.80 billion was rebated as opposed to Tk 2.18 trillion loan during the 2009-2012 period.

Sonali Bank rebated TK 17 billion, Janata Bank Tk 18 billion, Agrani Bank Tk 5 billion and Rupali Bank Tk 3 billion.

Krishi Bank rebated Tk 530 million, Bangladesh Development Bank Tk 1.8 billion, Rajshahi Krishi Unnayan Bank Tk 184 million and Basic Bank Tk 147 million.

According to what Muhith said, Sonali Bank had a capital deficit of Tk 52 billion and provision deficit of TK 46 billion. Janata Bank had a capital deficit of TK 11 billion. Agrani Bank showed a capital deficit of Tk 21 billion and provision deficit of Tk 20 billion. Rupali Bank’s capital deficit was Tk 11 billion and provision deficit of Tk 8 billion.

The capital deficit in State-run Sonali, Janata Agrani, Rupali banks and Basic Bank, Krishi Bank and Rajshahi Krishi Unnayan banks are under government consideration, Muhith said. “Bangladesh Bank has issued directives for private banks to alleviate capital and provision deficits.”

In response to a question from BNP MP Lutfar Rahman, Muhith informed Parliament that legal steps were being taken to bring Hall-Mark Group’s almost Tk 5 billion under bank ownership. “ACC has been asked to investigate money laundering allegations against Bismillah Group.”

In an answer to Benzir Ahmed, the Finance Minister said eight banks were being operated under ‘Islami Shariah’ – Islami Bank Bangladesh Limited, ICB Islamic Bank, Social Islami Bank, Al-Arafah Islami Bank, EXIM Bank, Shahjalal Islami Bank, First Secutiry Bank and Union Bank.

Post and Telecommunications Minister Sahara Khatun said that bill amounting to almost Tk 4 billion had become due in the past last four years with government institutions owing Tk 619 million and private ones Tk 2.9 billion.

Source: Bd news24