Four weak banks receive Tk945 crore liquidity support

Four weak banks receive Tk945 crore liquidity support

In a significant move to address the ongoing liquidity crisis in Bangladesh banking sector, five financially stable banks have extended loan support to their weaker counterparts.
The five banks - City Bank PLC, Mutual Trust Bank PLC (MTBL), Dutch-Bangla Bank PLC, Bengal Commercial Bank Ltd, and Eastern Bank PLC- have been approved to provide a total of Tk945 liquidity support to four weak banks - First Security Islami Bank, Social Islami Bank PLC, National Bank Ltd and Global Islami Bank PLC, according to central bank documents seen by The Business Standard.
Of the banks, FSIBL has been approved to receive Tk300 crore, with Tk200 crore from City Bank, Tk50 crore from MTBL, and another Tk50 crore from Dutch-Bangla Bank Limited (DBBL).