Nabil Bank Limited has issued a 35-day public notice asking the borrowers listed in its notice to settle their outstanding loan liabilities, including principal, interest, penalty interest and other applicable charges.
According to the bank, the concerned borrowers have failed to meet their repayment obligations despite repeated verbal and written reminders. The bank said the borrowers have not shown sufficient initiative to settle their outstanding liabilities.
The bank has urged the concerned borrowers, collateral guarantors and other guarantors to contact the bank and clear the entire outstanding amount within 35 days from the date of publication of the notice, which was issued on September 25, 2026.
If the outstanding amount is not settled within the specified period, the bank said it may initiate the process of auctioning the collateral provided by the borrowers and guarantors. If the collateral cannot be sold, the bank may take over the property as a non-banking asset or adopt other measures to recover its dues.
The bank further stated that if the full outstanding amount cannot be recovered from the collateral, the remaining liability may be recovered from other movable and immovable assets of the borrowers and guarantors in accordance with prevailing laws.
Nabil Bank also said it may file claims before the Debt Recovery Tribunal and other competent judicial authorities for recovery of the outstanding loans. The bank may also initiate the process of blacklisting the concerned borrowers, collateral guarantors and other guarantors through the Credit Information Center.
Guarantors have also been given the opportunity to settle the guaranteed loan, along with applicable interest and charges, within the notice period and obtain release of their collateral and guarantee obligations. If they fail to do so, the bank may proceed with the recovery measures outlined in the notice.
Published by Nabil Bank on 2083-6-9
