Several financially strained banks have sought additional liquidity support from Bangladesh Bank to meet the surge in cash withdrawals ahead of Eid-ul-Fitr, reports UNB.
According to central bank sources, at least six banks have requested for Tk 50 billion (5,000 crore) in liquidity assistance to cope with the increased demand. But the central bank has advised them to borrow from financially stable banks under the Bangladesh Bank guarantee scheme.
Meanwhile, First Security Islami Bank, Global Islami Bank, Social Islami Bank, Union Bank and National Bank have signed agreements with Bangladesh Bank to secure loans under this scheme.
Following the change of government in August 2024, Bangladesh Bank provided Tk 290 billion (29,000 crore) in liquidity support to nine banks.
As per the central bank's records:
Social Islami Bank (SIBL) received Tk 5,500 crore
First Security Islami Bank received Tk 6,500 crore
National Bank received Tk 5,000 crore
Union Bank received Tk 2,000 crore
Global Islami Bank received Tk 2,000 crore
Exim Bank received Tk 8,500 crore
Bangladesh Commerce Bank received Tk 200 crore
ICB Islami Bank received Tk 100 crore
AB Bank received Tk 200 crore.
