Bank owners have taken nearly Tk 2 trillion in loans from the banking system, which accounts for over 11 percent of the total disbursed loans, the finance minister told parliament.
According to Minister AHM Mustafa Kamal, of the total Tk 1.73 trillion, bank directors owe to their own institutions nearly Tk 16.15 billion while the remaining Tk 1.716 trillion from other banks.
Responding to query at the session on Wednesday (Jan 22), the minister presented the updated Bangladesh Bank figures as of September last year.
The money bank owners took as loans from other institutions account for 11.21 percent of the total disbursed loans and the figure stands at 0.166 percent in case of their own banks.
Of the 57 banks operating in the country, directors of Rajshahi Krishi Unnayan Bank and Bangladesh Development Bank have not taken any bank loans. Of the rest, 25 banks have disbursed loans to its directors.
Finance Minister Kamal said directors of AB Bank topped in taking loans from the bank, which stands at over Tk 9.07 billion followed by BRAC Bank with over Tk 3.62 billon.
Islami Bank and Exim Bank did not give any loans to its directors, but the banks are on top of the list to disburse loans to owners of other banks.
Bank directors owe Tk 191.75 billion to Islami Bank while Exim Bank's figure stands at Tk 105.36 billion.
State-owned Janata Bank have given Tk 101.26 billion in loans to other banks' directors while Pubali Bank Tk 97.35 billion.
The finance minister said that the total amount of default loans as of September 2019 stands at Tk 969.86 billion.
Responding to query from BNP MP Harunur Rashid, Kamal said that the government targets to borrow Tk 473.64 billion from the banking system during the ongoing 2019-20 fiscal.
"Between June and December last year, the government borrowed Tk 485.83 billion in loans from the banking system," he added.