The government has directed the specialised banks and financial institutions (FIs) to work out their plans to recover money from all loan defaulters, reports UNB.
The Financial Institution Division of the Finance Ministry has recently given this directive to the banks while holding a meeting with the top executives of the specialised banks.
According to sources at the Financial Institution Division, the top executives of Bangladesh Krishi Bank,Karmasangsthan Bank (Employment Bank), Ansar VDP Bank, Rajshahi Krishi Unnayan Bank, Bangladesh House Building Finance Corporation, Prabashi Kalyan Bank, Investment Corporation of Bangladesh (ICB) and Palli Sanchay Bank were present at the meeting.
The meeting asked the specialised banks and financial institutions to increase their rate of recovery from the written-off loans and take effective steps for disposing of audit objections.
The amount of written-off loans in the eight specialised banks is Tk 6.21 billion, with Bangladesh Krishi Bank being at the top with Tk 2.21 billion.
The amount of ICB's written-off loan is Tk 2.63 billion, followed by Tk 2.22 billion of Bangladesh Krishi Bank and Tk 1.27 billion of Rajshahi Krishi Unnayan Bank.
Besides, the amount of money involving audit objections in these eight banks is Tk 109.24 billion.
The meeting also placed an outline for the specialised banks and financial institutions for realising money from their classified and non-classified loans.
It said the Bangladesh Krishi Bank realised Tk 14.89 billion less from its target while realising money from default and normal loans. The amount is Tk 4.57 billion less at Palli Sanchay Bank while Tk 1.25 billion at Rajshahi Krishi Unnayan Bank, Tk 990 million at Ansar VDP Bank, Tk 2.20 billion at Bangladesh House Building Finance Corporation and Tk 7.61 billion for the ICB.
The meeting was informed that the number of internal and commercial audit objections of the Bangladesh Krishi Bank is 6,668 which involves Tk 68.54 billion.
The amount of money at Rajshahi Krishi Unnayan Bank is Tk 17.63 billion against 4,022 audit objections.
The amount of money against audit objections of ICB is Tk 16.80 billion while that of Bangladesh House Building Finance Corporation Tk 3.15 billion, Prabashi Kalyan Bank Tk 1.88 billion, Ansar VDP Bank Tk 830 million and Karmasangsthan Bank Tk 400 million, according to the sources.
Meanwhile, Finance Minister AHM Mustafa Kamal recently placed in parliament a list of 300 top loan defaulters of the country involving Tk 509.42 billion.
He said these loan defaulters took loans from all banks and financial institutions of the public and private sectors.
Mustafa Kamal mentioned that the outstanding amount of these loan defaulters is Tk 705.71 billion while the classified amount is Tk 528.37 billion.
