Sonali Bank PLC has requested the government to issue BDT 6,000 crore in bonds to clear the loans of the Bangladesh Sugar & Food Industries Corporation (BSFIC) and its sugar mills. The expired loans, though backed by government guarantees and treated as unclassified, are causing significant capital shortfalls for the bank.
The bank proposed three solutions: issuing bonds, government repayment, or extending loan tenures. The finance ministry is reviewing the matter, but no decision has been made yet.
Source: Business Inspection BD
