Default loan now Tk 111347cr: Muhith
07:25 PM, July 10, 2017 / LAST MODIFIED: 10:36 PM, July 10, 2017

Default loan now Tk 1,11,347cr in Bangladesh: Finance minister

The total amount of default loan in Bangladesh now stands at Tk 1,11,347 crore, Finance Minister AMA Muhith told parliament today.

“The total default-loan at banks and commercial oragnisations stood Tk 1,11,347 crore till April 2017,” Muhith said citing the statistics of Credit Information Bureau of Bangladesh Bank.

Replying to lawmakers' queries, Muhith, in a scripted answer, also revealed the names of top 100 loan default organisations and companies.

He, however, did not mention how much money they have defaulted.

Top 20 of the 100 loan defaulters are: Mohammad Elias Brothers Pvt Limited, Jasmir Vegetable Oil Ltd, Max Spinning Mills Ltd, Benetex Industries Ltd, Dhaka Trading House, Anowara Spinning Mills, Yasir Enterprise, Quantum Power Systems Ltd, MM Vegetable Oil Products Ltd, Alppa Composite Towel Ltd, Western Marine Shipyard Limited, Mak International, Hall Mark Fashion Limited, Monno Fabrics Limited, Fair Trade Fabrics Limited, Saharish Composite Towel Limited, Nurjahan Super Oil Ltd, Saleh Carpet Mills Limited and SK Steel and Chowdhury Knitwear.

Earlier on June 20, the finance minister informed the House that the total number of loan defaulters is Tk 2.02 lakh.

A total of 2,02,623 persons or companies, which had borrowed money from 55 state and private-run commercial banks, defaulted on their loans till March 2017.

Muhith today informed the parliament that National Board of Revenue has seized around 4,490 kilogrammes of gold in last seven years from the airports and different other checkpoints.

In reply to another query, Muhith said there are 29,28,093 individual taxpayers in the country in the fiscal year 2016-17 and it was expected to reach 30 lakh at the end of the fiscal.

"Names of some nine lakh new taxpayers were registered in the first nine months of the 2016-2017 FY," he said.

He said that over four lakh new taxpayers submitted their returns in the same fiscal.

The government has taken various steps to bring more people under the tax net to expand it further; he informed the House adding that the government has undertaken steps to increase revenue collection to 50 percent from 37 percent by 2020-21 FY from income tax.

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