Officials of First Security Islami Bank staged a sit-in sing in front of the plan of Saiful Islam Masud, the chairman of the S Alam Neighborhood, in Chattogram’s Sugandha Residential Dwelling at the moment time (10 December).
The sing, which began around 11:45am, turned into introduced out to quiz repayment of loans disbursed to the enterprise neighborhood.
Collaborating officers from 12 branches within the Chattogram plan alleged that the neighborhood had taken a critical quantity of cash, resulting in severe challenges for the bank.
“We arrange public deposits and invest the funds. Failure to recuperate investments has created a disaster,” talked about Mustafa Kamal, senior vice president and manager of the bank’s Khatunganj division.
Essentially primarily based on Kamal, S Alam Neighborhood borrowed a entire of Tk45,000 crore below varied entities, with Tk35,000 crore sourced from branches in Chattogram.
“These loans are now turning into non-performing loans,” he added.
When puzzled about the reason slack such substantial-scale loans to a single neighborhood, Kamal responded, “The situations at the time of investment were varied, we were unable to habits good scrutiny of the investments.”
