Dhaka, April 7 -- Large borrowing companies are seeking loan restructuring, with many of them being habitual defaulters, according to insiders at Bangladesh Bank. Economists have warned that restructuring loans for these major defaulters could limit the ability of banks to lend to small and medium-sized enterprises (SMEs).
Sources have revealed that around 63 large companies have applied to the central bank for loan restructuring, citing losses caused by factors beyond their control.
The defaulted loans range from Tk150 crore to Tk12,500 crore, with most applicants seeking restructuring terms of up to 15 years, according to central bank officials.
Economists argue that large borrowers, particularly those who are habitual defaulters, shou...