As of December 2023, Basic Bank's total outstanding loans stood at Tk 128.68 billion, while defaulted loans amounted to Tk 82.04 billion, which is 64 percent of the total loans. Other indicators of the bank, including security deposits and capital deficit, also perform poorly.
Of the bank's defaulted loans, an amount of Tk 43.9 billion is pending with 25 customers. Among them, Max Sweater, AB Group and SPDSP have regular loans while all the other borrowers have defaulted. The bank's top defaulters are Amader Bari, New Dhaka City Development, Emerald Auto Bricks, Ali Group, Bangladesh Development Company, Neelsagar Agro & Allied, Fiaz Group, Aristocrat Group, MIMCO Carbon Limited, Wasavi Fashions, Veltex Group, Rising Group, Crystal Steel & Shipping, Basar Group, Zeel Wears, Mapp & Muller Group, Well Well, Regent Weaving, IG Navigation, Bay Navigation, Emerald Oil & Allied & Profusion Textiles Limited.
A central bank official involved in monitoring the Basic Bank told Prothom Alo that armed men from government agencies were present at the bank's board meeting, which is why everything the chairman said was approved at the meeting and was carried out. There was nothing to do in that situation.
