Four financially distressed banks—First Security Islami Bank, Social Islami Bank, Global Islami Bank, and National Bank—have collectively received Tk 945 crore in liquidity support from five other banks, according to data from the Bangladesh Bank.
City Bank provided Tk 200 crore to First Security Islami Bank, Tk 3 billion to Social Islami Bank, and Tk 200 crore to National Bank. Mutual Trust Bank extended Tk 50 crore each to First Security and Social Islami and Tk 500 million to National Bank. Dutch-Bangla Bank supplied Tk 50 crore to First Security Islami Bank, while Eastern Bank provided Tk 250 million to Global Islami Bank. Bengal Commercial Bank contributed Tk 20 crore to the National Bank.
The liquidity support follows a Bangladesh Bank guarantee, which allowed the crisis-hit banks to seek funds from the inter-bank money market. The banks were granted a three-month guarantee, with the possibility of renewing the loan for up to one year.
Bangladesh Bank Executive Director and spokesperson Husne Ara Shikha confirmed the disbursements, noting that some banks are still completing the required documentation to provide additional support to these lenders.
The liquidity injection comes amid ongoing turmoil in the banking sector. Concerns over financial stability followed the reconstitution of the boards of directors at five commercial banks—First Security, Global Islami, Social Islami, Union Bank, and National Bank—after the formation of an interim government in August.
