Bangladesh Bank has reassured the public that there is no liquidity crisis in the country’s banking sector and that all depositors’ funds are secure. In a press briefing on Wednesday, Executive Director and Spokesperson Husneara Shikha addressed recent concerns, clarifying that while some bank branches have faced unusual cash withdrawal demands, the sector remains stable overall.
To support liquidity, Bangladesh Bank recently facilitated an infusion of Tk 55.85 billion (5,585 crore) through a scheme where ten financially strong banks provided loans to seven weaker banks, backed by a central bank guarantee.
Husneara Shikha emphasized that all bank deposits are guaranteed, urging depositors not to panic or rush to withdraw funds. She explained that even financially robust banks cannot instantly return large deposits, as most funds are allocated to term loans and investments, which are not immediately liquid.
