Loan defaulters number over 230,000: Muhith

There are over 230,000 loan defaulters in the country with the amount of the classified loan soaring to Tk 1316.66 billion in the banks and financial institutions, finance minister AMA Muhith told Parliament on Wednesday, reports UNB.

"As per the latest data (till June 2018) of the Credit Information Bureau (CIB) of Bangladesh Bank, now the number of loan defaulters is 230,658 in the country and the amount of classified loan Tk 1316.66 billion," he said.

The minister placed the statistics and a list of top 100 loan defaulters in the House replying to a starred question from Awami League MP Pinu Khan (Women Seat-23).

According to the list, the top 10 loan defaulters include Mohammad Elias Brothers (PVT) Ltd, Quantum Power System Ltd, Remiex Footwear Ltd, Max Spinning Mills Ltd, Rubya Vegetable Oil Industries Ld, Rising Steel Ltd, Dhaka Trading House, Benetex Industries Ltd, Anowara Spinning Mills and Crescent Leather Products Ltd.

The finance minister also placed the list of 88 banks and financial institutions having loans in default.

As per the list, the amount of default loan is Tk 186.63 billion in Sonali Bank, Tk 148.40 billion in Janata Bank, Tk 92.84 billion in Agrani Bank,Tk 85.77 billion in Basic Bank, Tk 50.76 billion in National Bank, Tk 49.01 billion in Rupali Bank, Tk 39.98 billion in Southeast Bank Ltd, Tk 35.20 billion in Islami Bank (BD) Ltd and Tk 34.58 billion in Prime Bank Ltd.