Classified loans of 38 SoEs with state banks decline
April 05, 2012 00:00:00
Syful Islam
The classified loans 38 state owned enterprises (SoEs) owe the four state-run banks have come down to Tk 3 billion in February this year, Bangladesh Bank statistics show.
Until August last year, the classified loans of the SoEs had stood at Tk 11 billion.
During the time the total amount of outstanding loans of the SoEs owed to Sonali, Janata, Agrani, Rupali, and Basic banks has been shown to be Tk 342.95 billion.
Of the classified loans Tk 2.41 billion was owed to Sonali Bank, Tk 90.79 million to Janata Bank, Tk 106.5 million to Agrani Bank, and Tk 344.7 million to Rupali Bank. The SoEs had no classified loan with the Basic bank during the period.
The central bank recently disclosed the update on the outstanding and classified loans of the SoEs with the banks and financial institutions division of the Ministry of Finance.
Statistics show that in terms of classified loan (CL) of the SoEs, the Bangladesh Textile Mills Association (BTMA) tops the list with Tk 1.598 billion in CL out of its total Tk 80.136 billion outstanding loan (OL).
The Bangladesh Chemical Industries Corporation (BCIC) has Tk 903.1 million's worth CL against its Tk 50.061 billion in OL, the Bangladesh Agricultural Development Corporation (BADC) has Tk 212.1 million's worth CL against its Tk 17.119 billion in OL, and the Bangladesh Telegraph and Telephone Board (BTTB) has Tk 106.2 million's worth CL.
The Sonali Bank has 170.05 billion in outstanding loans lying with the SoEs, Janata Bank has Tk 74.05 billion, Agrani Bank has Tk 73.52 billion, Rupali Bank has Tk 23.03 billion, and Basic Bank has Tk 2.27 billion.
Commenting on the classified loans of the state-run banks, general manager of Bangladesh Bank K M Ruknuzzaman earlier told the FE that the central bank had repeatedly asked the state-run commercial banks to bring down their default loans.
He said: "We are trying to reduce the classified loans of the SoEs through various steps. Banks have been asked to consult the SoEs so that they repay the loans timely."
