Six financially weak banks, grappling with liquidity crises, have reportedly received a total of Tk 1,640 crore in loans by three stronger banks, reports UNB.
Sources within the Bangladesh Bank said that this step is aimed at alleviating the liquidity constraints faced by the country’s weaker banks and restoring some stability to their operations.
According to the sources, the support came from Sonali Bank PLC, Mutual Trust Bank PLC, and Dutch-Bangla Bank PLC.
The break-up of the amount they received: First Security Islami Bank Tk 375 crore, Social Islami Bank Tk 300 crore, Union Bank Tk 150 crore, Global Islami Bank Tk 95 crore, National Bank PLC Tk 320 crore and Exim Bank PLC Tk 400 crore.
Bangladesh Bank’s Governor Dr Ahsan H Mansur held a meeting with the Managing Directors and representatives of 10 strong banks to discuss the provision of loans against the central bank’s guarantee to aid the weaker banks, on September 25.
These banks are Sonali Bank, BRAC Bank, Eastern Bank, City Bank, Shahjalal Islami Bank, Mutual Trust Bank, Pubali Bank, Dhaka Bank, Dutch-Bangla Bank and Bank Asia.
Bd-pratidin English/Tanvir Raihan
