Defaulted Bank Loans: Less than 1pc hold more than half


Half of the defaulted bank loans amounting to Tk 50,942 crore is with top 300 borrowers, Finance Minister AHM Mustafa Kamal told parliament yesterday, blaming banks for not choosing borrowers wisely.

There are 1.7 lakh loan defaulters in the country, with the bad loans standing at Tk 1 lakh crore. This means, less than 1 percent, 0.17 percent to be exact, borrowers hold more than half of all bad loans.

The minister also identified the defaulters as well as the amount of the loan they took from the banking system but are not paying back.

As of April, the total outstanding loan to these 300 borrowers was Tk 70,571 crore. Of this, Tk 50,942 crore have now gone bad, the minister said.

He also placed a list of 14,617 individuals and institutions that have outstanding loans worth over Tk 5 crore each taken since 2009, when the Awami League government took office. They took a total of Tk 1,741,348 crore in loan. Of the sum, Tk 7,84,624 crore is outstanding, Tk 1,10,541 crore classified and Tk 100,183 crore defaulted.

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