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Janata Bank Rejects Beximco’s Loan Application

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Industry: Bank
Company: Beximco Group, Janata Bank Ltd
Company Intelligence Tag: Business Insights
Janata Bank has rejected a Tk60 crore loan request from Beximco Group for October salaries due to financial risk concerns. The bank cited its substantial outstanding dues with the group, much of which is classified as non-performing. Previously, Janata Bank had approved a Tk55 crore loan for Beximco in August under special conditions. Experts emphasized that the group’s reliance on loans to cover salaries is unsustainable and proposed alternative solutions, including selling assets or government intervention, to address the crisis.

Source for more details:

The Business Standard

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