Seven struggling banks in Bangladesh have received a total of Tk 65.85 billion in liquidity support from 10 well-capitalized banks under a guarantee scheme initiated by the Bangladesh Bank (BB).
BB spokesperson Husne Ara Shikha stated that the liquidity support program will continue to stabilize the banking sector in the coming days.
The initiative comes as cash-strapped banks face significant challenges in managing panicked customer withdrawals, driven by public concern over widespread loan irregularities and mismanagement during the previous Awami League government.
As part of the arrangement, the following banks have received financial assistance: Islami Bank: Tk 20.96 billion; Social Islami Bank: Tk 11.75 billion; First Security Islami Bank: Tk 10 billion; National Bank: Tk 9.20 billion; Exim Bank: Tk 7 billion; Union Bank: Tk 4 billion; Global Islami Bank: Tk 2.95 billion.
The funds were sourced from affluent banks, including: Sonali Bank: Tk 30 billion; City Bank: Tk 12.95 billion; Pubali Bank: Tk 5 billion; Shahjalal Islami Bank: Tk 4 billion; Dutch-Bangla Bank: Tk 4 billion; BRAC Bank: Tk 3 billion; Dhaka Bank: Tk 2.50 billion; Mutual Trust Bank: Tk 2.20 billion; Eastern Bank: Tk 2 billion; Bengal Commercial Bank: Tk 200 million.
Bangladesh Bank Governor Dr. Ahsan H. Mansur recently instructed 17 solvent banks to extend liquidity support to cash-strapped banks, ensuring stability in the banking system. Under these directives, an additional Tk 10 billion has been disbursed after the November 11 order.
