Sonali Bank authority has expressed concern as the Bangladesh Sugar and Food Industries Corporation (BSFIC) failed to repay installment of loan in September last, official sources said.

“We have received a letter from the Sonali Bank authority requesting for measures against the corporation, as the BSFIC did not respond to the Bank’s call to repay loan installment, said a senior official of the banking division.

The official also said that the division would inform the matter to the industries ministry.

Hasan Iqbal, General Manager of Sonali Bank sent a letter to the chairman of the BSFIC last week regarding repayment of loan installment but the BSFIC yet to respond, the letter read.

As per the letter, the last date of repayment of loan has already expired on September 30. The amount of classified loan stands at Tk 5611.9 million out of total loan of Tk 8788.4 million as on September last.

After rescheduling the loan of 2007 to 2012, the BSFIC borrowed further loan worth Tk 3072.5 million in September 13, according to the letter. The letter also said the image of the corporation will be tarnished because the BSFIC authority has failed to repay any installment of the rescheduled loan.

News: The Daily Sun/Bangladesh/27-Nov-12