Janata Bank PLC

Janata Bank PLC faces severe financial distress with a capital shortfall exceeding BDT 644 billion and a high volume of non-performing loans.

Janata Bank was formed in 1972 by merging the then United Bank Limited and Union Bank Limited under President's Order No. 26 (Bangladesh Banks Nationalisation Order, 1972), effective 26 March 1972. It was corporatised as a public limited company on 21 May 2007 while remaining 100% government-owned. The bank's official website domain is janatabank-bd.com (as specified); the PMIS portal at pmis.janatabank-bd.com hosts management and branch data. Current head: M. Fazlur Rahman (Chairman), former secretary, appointed 28 August 2024 and joined 18 September 2024 for a three-year term; Managing Director: Md. Mojibur Rahman, appointed November 2024 (transferred from Expatriates Welfare Bank). Financial data cross-checked: 2024 selected indicators from jb.com.bd/about_us/financial_highlights show total assets Tk138,705 crore, loans Tk98,388 crore, deposits Tk110,336 crore -- these are pre-NPL-write-off figures; the capital deficit figure of Tk65,093 crore (June 2025) and NPL ratio of approximately 70% (September 2025) are sourced from The Daily Star and The Business Standard citing BB regulatory data. S Alam Group exposure: Tk10,629 crore concentrated in a single Chattogram branch (General Insurance Bhaban branch) alone across six S Alam entities, in violation of BB single-borrower limit (maximum permissible Tk578.5 crore against paid-up capital of Tk2,314 crore as of June 2025); this figure is distinct from the Tk9,400 crore figure which represents S Alam's share of the top-11 defaulter list. The Beximco exposure of Tk23,000-23,407 crore represents 410% of the single-borrower limit and is the largest individual exposure. The nine-SOB merger plan was announced by then-Governor Ahsan H Mansur; under current Governor Mostaqur Rahman (took office 26 February 2026), the plan's status is unchanged in principle but the detailed merger framework and groupings have not been publicly disclosed as of the verification date.