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Defaulted loans of 9 state-owned banks stand at Tk 1,88,000 crore: Finance Minister

Defaulted loans of 9 state-owned banks stand at Tk 1,88,000 crore: Finance Minister
Finance Minister Amir Khosru Mahmud Chowdhury has said that the total amount of defaulted loans of nine state-owned banks in the country is Tk 1,88,701 crore 75 lakh. He said it is now urgent to reduce the high rate of defaulted loans to restore discipline in the banking sector.

The Finance Minister disclosed this information in response to a question from reserved women's seat Member of Parliament Sabikunnahar during the question-answer session held in the Jatiya Sangsad on Sunday (July 12) under the chairmanship of Speaker Hafiz Uddin Ahmed.

The Finance Minister said that according to the information sent to the Bangladesh Bank's CIB database as of May 31, the total amount of defaulted loans of nine state-owned banks—Agrani, Janata, Rupali, Sonali, Basic Bank, Bangladesh Development Bank (BDBL), Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank (RAKAB), and Probashi Kallyan Bank—is Tk 1,88,701 crore 75 lakh.

He said that to re-establish discipline in the country's banking sector, the existing rate of defaulted loans needs to be significantly reduced.

Meanwhile, in response to a question from Jamaat-e-Islami Member of Parliament Golam Rasul, the Finance Minister informed that the total amount of government debt as of December 31 is Tk 22,06,462 crore. Of this, Tk 9,59,311 crore is foreign debt and Tk 12,47,151 crore is domestic debt.

In response to a question from Jamaat Member of Parliament Shahjahan Chowdhury, he informed that in the fiscal year 2025-26, the government has repaid a total of US$ 4.65 billion in foreign debt. Of this, US$ 3 billion was principal and US$ 1.65 billion was interest.

On the other hand, in response to a question from reserved women's seat Member of Parliament Nilofar Chowdhury Moni, the Finance Minister said that over the past five years, the amount of outstanding customs duties and taxes on imported goods is Tk 25,504 crore. Additionally, of the outstanding Tk 3,912 crore of Bangladesh Petroleum Corporation (BPC), the Chattogram Customs House has collected Tk 590 crore up to last June.

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