Two banks provided with fresh liquidity support of Tk 25b

The central bank of Bangladesh on Thursday provided Tk 25 billion more as an emergency liquidity support to two Shariah-based Islamic banks for meeting their emergency needs.

Of the total amount, Tk 15 billion was provided to Social Islami Bank PLC and Tk 10 billion to First Security Islami Bank PLC for the tenure of 90 days without any securities, a senior official of the Bangladesh Bank (BB) told the Financial Express (FE), in response to a question.

"We've extended a liquidity support of Tk 25 billion to the two Islamic banks to meet their emergency needs as they have been suffering from fund shortage for sometime now," the central banker said, adding that the banks had applied earlier for the funds to meet their liquidity problems.

The fresh injection of funds into the troubled banks comes more than three months after the central bank provided around Tk 225 billion in November last year to six crisis-hit Islamic banks on the same ground.

The BB official also said the troubled six banks are yet to repay the funds to the central bank.

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