Five stronger banks, supported by guarantees from Bangladesh Bank (BB), have provided TK 945 crore in liquidity support to four financially troubled banks.
According to BB Executive Director and spokesperson Husne Ara Shikha, the five banks—City Bank PLC, Mutual Trust Bank PLC (MTBL), Dutch-Bangla Bank PLC, Bengal Commercial Bank Ltd, and Eastern Bank PLC—have given a total of TK 945 in liquidity support to four weak banks: First Security Islami Bank Limited (FSIBL), Social Islami Bank PLC, National Bank Ltd, and Global Islami Bank PLC.
TK 300 crore has been given to FSIBL by the banks; TK 200 crore has come from City Bank, TK 50 crore from MTBL, and TK 50 crore more has come from Dutch-Bangla Bank Limited (DBBL).
A total of TK 270 crore has been provided to National Bank. Bengal Commercial Bank contributed TK 20 crore, City Bank TK 200 crore, and MTBL TK 50 crore of the total.
Additionally, Social Islami Bank Limited was given TK 350 crore in total. Of the sum, City Bank supplied TK 300 crore and MTBL TK 50 crore.
Finally, Eastern Bank gave TK 25 crore to Global Islami Bank.
The liquidity injection has been initiated to support these banks in overcoming the ongoing cash crunch. Some banks are still in the process of completing the necessary documentation before extending further support to other affected institutions.
The development comes as the weak banks are facing a severe liquidity crisis.
