In one year, the default loan of Janata Bank has become more than double. At the same time, the bank is facing Tk. 1000 default loan every month. In the rise of default loan, Anantex and Crescent Groups’ loans have played a big role.
Bangladesh Bank says, at the end of June, 2018, the default loan of Janata Bank was Tk. 98.79 billion, which stands at Tk. 209.94 billion at the end of June, 2019.
In June 2019, 43 per cent of distributed loan has become default. Bangladesh Bank report says that from July 2018 till June 2019, default loan has risen more than Tk. 111.15 billion.
Janata Bank MD, Abdus Salam Azad, says: “Default loan has risen due to Anantex and Crescent Group but we are trying to bring down the loan.”
Former deputy governor of Bangladesh bank, Khondokar Ibrahim Khaled, says: “Due to dishonest bank officials, Janata Bank is at the top of the defaulters’ list; corrupt bank officials gave loans to unscrupulous people.”
Bangladesh Bank says that of the 100 top loan defaulters, one fourth belongs to Janata bank; almost Tk. 140 billion is locked with 21 leading clients of the bank.
Anantex and Crescent took several thousand crores dishonestly and are not giving the money back.
Reportedly, Anantex took Tk. 5656 crore while Crescent took Tk. 35.72billion. For giving such huge amount of loans to Crescent, the foreign trade licence of Janata Bank’s branches in Imamganj in old Dhaka and corporate branch in Mohammadpur were revoked.