The Bangladesh Bank-formed loan-recovery support committee has reviewed around 20 applications from large loan defaulters, involving amounts between Tk 3.0 billion and Tk 80 billion, as part of a financial-cleanup drive initiated by the interim government. Nearly 50 companies, including Beximco Group, Desh Bandhu Group, Gazi Group, Aman Feed, Energy Pack, Zahintex, Amazing Fashion, and HKG Steel, have applied for loan settlement. The five-member committee, created on January 30, 2025, is assessing whether defaults were willful or non-willful and is targeting defaulters with loans of Tk 500 million or more. Companies affected by Covid-19, the Russia-Ukraine war, energy price hikes, dollar shortages, and the July-August 2024 mass uprising may be considered for relaxed repayment terms. Only borrowers not rescheduled more than thrice will be eligible. The committee plans to adopt international models and is working closely with banks and NBFIs to ensure revival of key industrial players.
Source for more details:
