Default loan of state-owned banks stands at Tk. 55093 cr

Staff Correspondent, From the Parliament: Finance Minister Abul Maal Abdul Muhith said the amount of defaulted loan of different state-owned banks is some Tk 55,093 crore against individuals and organisations.

The Minister said this while replying to a tabled starred question from Tariakat Federation lawmaker MA Awal (Laxmipur-1) in the parliament session on Thursday.

Muhith said, “As per the statistics of January, 2018, the amount of the defaulted loan of different government banks is Tk 55,093.33 crore in the sector of individuals and organizations."

As part of improving recovery situation of the defaulted loan in the banking sector, various steps have been taken to identify defaulted clients and bring them under the purview of laws, said the Finance Minister.

He said cases are being filed against defaulted clients to collect loans under the Ortho Rin Adalot Ain, 2003 (Money Loan Court Act, 2003).
 

risingbd/Dhaka/April 12, 2018/Asad/A K Azad