Three strong banks have given a total of Tk 1,640 crore loan assistance to six weak banks suffering from liquidity crisis.
This information was revealed by Bangladesh Bank sources today.
According to sources, strong banks are giving loans to help weak banks suffering from liquidity crisis. In this, the weak banks facing liquidity crisis are overcoming some financial crisis.
Sonali Bank Plc, Mutual Trust Bank Plc and Dutch Bangla Bank Plc have given loan assistance of Tk 1,640 crore to six banks, sources said, out of which First Security Islami Bank Tk 375 crore, Social Islami Bank Tk 300 crore, Union Bank Tk 150 crore and Global Islami Bank received Tk 95 crore. And National Bank Plc got Tk 320 crore and Exim Bank Plc got Tk 400 crore liquidity support.
Bangladesh Bank says that every effort is being made to restore customer confidence. Customers should be patient.
Central Bank Executive Director and Spokesperson Husnay Ara Shikha said that people are rushing to the bank. If this trend continues, no matter how much money is given to the bank, the bank will not be able to handle the pressure of so many people.
Urging the people not to overindulge unnecessarily, he said, Bangladesh Bank is trying its best to restore the confidence of the customers. Customer confidence will not be undermined.
Earlier on September 25, the Governor met with the Managing Director (MD) and their representatives to lend to weak banks against Bangladesh Bank’s guarantee. Ahsan H. Mansoor. The banks are – state-owned Sonali Bank, private sector BRAC, Eastern, City, Shahjalal Islami, Mutual Trust, Pubali, Dhaka, Dutch Bangla Bank and Bank Asia.
After the meeting, Bangladesh Bank was informed that if the weak banks want to return the loan money, Bangladesh Bank will return it to the strong banks within three days. However, the interest rate of the loan will be fixed at the current rate.
