Dhaka, Bangladesh
2.3 lakh loan defaulters

2.3 lakh loan defaulters

Classified loan soars to Tk 1,31,666 cr: Muhith

There are 2.3 lakh loan defaulters in the country with the amount of the classified loan soaring to Tk 1,31,666 crore 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 2,30,658 in the country and the amount of classified loan Tk 1,31,666.16 crore," 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 18,662.973 crore in Sonali Bank, Tk 14,840.270 crore in Janata Bank, Tk 9,284.42 crore in Agrani Bank,Tk 8,576.857 crore in Basic Bank, Tk 5,076.433 crore in National Bank, Tk 4,901.293 crore in Rupali Bank, Tk 3,998.461 crore in Southeast Bank Ltd, Tk 3,520.142 in Islami Bank (BD) Ltd and Tk 3,458.070 crore in Prime Bank Ltd. BSS add: Finance Minister AMA Muhith on Wedday announced slashing the capital gain tax for the shareholders of capital market to 5 percent from the existing 15 percent if the shareholders invest their net sales profits in the share market for three years. "The bourse's member-shareholders, who want the incentive, must submit an investment proposal before getting the waiver from the government," he told a function at Bangabandhu International Conference Centre (BICC) in the city, marking the Silver Jubilee of the Bangladesh Securities and Exchange Commission (BSEC). Prime Minister Sheikh Hasina inaugurated the seven-day Silver Jubilee celebration programmes as the chief guest. In his speech, Muhith said the initiative will not only strengthen the capital market, but also make the market as a lucrative one before the world. He said the government now could feel satisfaction as the country's capital market is truly well-established. "Its advancement couldn't be thwarted in any way." The Finance Minister said Bangladesh's capital market got recognition and its position has been enhanced in the world.

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