Companies linked to the Beximco group owe approximately Tk36,865 crore to seven banks in Bangladesh. The breakdown includes Tk23,070 crore to Janata Bank, Tk1,838 crore to Sonali Bank, Tk965 crore to Rupali Bank, Tk1,409 crore to Agrani Bank, Tk2,952 crore to National Bank, Tk6,031 crore to IFIC Bank, and Tk605 crore to AB Bank. Many of these loans have been rescheduled, leaving them overdue but unclassified. Janata Bank has been severely affected, with the business group using up its entire lending capacity. IFIC Bank’s loans linked to the figure total around Tk11,000 crore, including Tk1,000 crore in guaranteed bonds for a new real estate project. Despite these financial issues and conflicts of interest, regulatory action has been minimal. IFIC Bank’s non-performing loans are approximately Tk8,000 crore, with 24% of its loans in default.
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