Out of the loans rescheduled under the special concession due to political considerations, an average of Tk 37,538 crore defaulted every year. Of these, 64.80 percent defaulted were large customers or loan frauds. These loans have been renewed again. Big customers have also taken advantage of this. They have also taken advantage of all types of interest waivers on loans without repayment. Again, there are precedents of excessive interest waiver despite showing deficit in the income sector by breaking the rules. Big customers and loan fraudsters have got all these benefits in the banking sector.
According to the information obtained from the report of the Central Bank, from 2019 to 2023, defaulted loans of Tk 2 lakh 88 thousand 540 crore have been renewed at special discount. Of this, 54 thousand 60 crores of debt has defaulted again. A portion of these loans were subsequently renewed again.
In the five-year data analysis, 19.72 percent of loans renewed each year defaulted again. According to this, an average of 37 thousand 538 crores of debt has been defaulted every year. At that time, the average defaulted loan increased to Tk 10 thousand 338 crore every year. In other words, defaults on renewed loans have increased more than defaults have increased. But most of the loans are not shown as defaulted. Those that were shown to be in default were renewed at a special discount.
Meanwhile, interest of Tk 10 thousand 381 crore has been waived off in the banking sector in 5 years. An average interest of Tk 2,762 million has been waived every year. In most of the cases, the loan interest waiver rules were not followed. There have also been instances of interest waivers without incurring bank charges.
Sources said large customers have renewed defaulted loans with 2 to 4 percent or in some cases no down payment. Then he did not pay the installments of the loan as per the terms. Defaulted again. Renewed again. Thus Agrani Bank has renewed more than 17 points to a company of Beximco Group accused of loan fraud. The central bank has also approved this loan renewal proposal. S Alam Group, Anon Tex Group, Bismillah Group, Nasa Group, Crescent Group, Nabil Group, Oltex Group, Ratanpur Group and Elias Brothers Group are accused in the same complaint. Besides renewing their defaulted loans several times, interest waiver facility has also been given. These groups have fraudulently taken all kinds of benefits from banks illegally. Due to their political influence, good and big and medium and small entrepreneurs did not get credit as per demand. At present, one of the major reasons for the liquidity crisis in the banking sector is fraudsters looting bank money and smuggling it abroad. All of them are accused of money laundering.
According to the report of the Central Bank, in 2019, the defaulted loans in the banking sector were Tk 94 thousand 330 crores. In 2020 it decreased to 88 thousand 734 crore taka. In that year, defaulted loans decreased by 5 thousand 596 crores. In 2019, defaulted loans of Tk 52 thousand 370 crore were renewed under special concession. In the same year, 29 thousand 880 crores of loans defaulted again among the renewed loans. However, defaults declined slightly in 2020 due to large loan renewals. As these loans defaulted again in 2021, the amount increased to Tk 1 lakh 3 thousand 274 crores. 19 thousand 810 crores were renewed in that year. 29 thousand 930 crores defaulted from renewed loans. Compared to 2020, defaulted loans increased by Tk 14,540 crore in 2021.
In 2022, the level of defaulted loans increased to 1 lakh 20 thousand 657 crores. Compared to 2021, defaulted loans increased by Tk 17 thousand 383 crore in that year. 63 thousand 720 crore was renewed in the same year. 40 thousand 860 crores of the renewed loans defaulted again.
In 2023, the status of defaulted loans increased to 1 lakh 45 thousand 600 crores. Compared to 2022, defaulted loans increased by Tk 24 thousand 943 crore in 2023. 91 thousand 221 crores were renewed in that year. 54 thousand 60 crores of the renewed loans defaulted again.
In 2019, default loan renewals and interest waivers were also high. In 2019, interest of Tk 4 thousand 639 crore was waived off. In 2020, it decreased again to 1 thousand 578 crores. In 2021, it increased slightly to 1 thousand 855 crore taka. In 2022, a record amount of interest i.e. 5 thousand 64 crore rupees was waived off. In 2023, it will decrease to 1 thousand 880 crore taka. At that time, interest of 3 thousand 127 crores of S Alam Group, 2 thousand 780 crores of Beximco Group, 523 crores of NASA Group, 3 thousand 445 crores of Anon Tex Group, 64 crores of Crescent Group and 604 crores of Bismillah Group were waived. NASA, Beximco, S Alam Group have waived off all interest. Due to interest waiver, the loan status has decreased. As a result, instead of repaying the loan, they increased the loan limit and took a new loan from the same branch. In this way they are waiving the interest on the loan, increasing the loan limit. And taking new loans. Previous loan not paid.
According to the report, the largest defaulters are the large loans of the industrial sector. The total defaulted loans in this sector is 72 thousand 641 crores, which is about 55 percent of the total defaults. 64.80 percent of large defaulted loans have been renewed the most. 10.90 percent of medium loans, 7.70 percent of small loans, 2 percent of micro loans and 15 percent of other loans have been renewed. Out of this, 26.40 per cent of industrial sector loans have been renewed, 20.90 per cent of garment and textile sector, 11.30 per cent of working capital and 11 per cent of commercial loans. The rest of the loans are from other sectors.
