Bangladesh’s Finance Minister Amir Khasru Mahmud Chowdhury presented a list of the country’s top 20 loan defaulters in the National Parliament on Monday. The report showed that 11 of these companies belong to the controversial S Alam Group. Two companies each from Beximco Group, owned by Salman F Rahman, and Sikder Group, owned by Ron and Rick Haque Sikder, were also listed. The minister did not disclose the total amount of defaulted loans for these entities.

The report noted that S Alam Group had taken loans totaling Tk 225,000 crore during the previous Awami League government, causing significant losses to several Islamic banks. These struggling banks were later merged into a new entity, Sammilit Islami Bank, with government and depositor contributions. The finance minister also stated that as of December, total defaulted loans in Bangladesh stood at Tk 544,831.88 crore.

The government has initiated measures to recover defaulted loans, including monitoring progress on top defaulters, updating banking guidelines, and publishing lists of willful defaulters. The minister emphasized ongoing reforms to stabilize the economy and strengthen financial discipline.