10 banks to provide support to troubled ones

Ten banks have shown interest to provide the liquidity facility to the troubled banks.

The solvent banks agreed with the central bank to lend cash to the weakened banks as these financial institutions face liquidity crisis. Bangladesh Bank will provide the guarantee the loans.

The banks agreeing to provide loans are – Brack, Eastern, The City, Dutch-Bangla, Bank Asia, Shahjalal Islami, Mutual Trust, Pubali, Dhaka Bank and the state-owned Sonali Bank.

The managing directors (MDs) of these banks and their representatives agreed to provide loans to the distressed banks in a meeting with the governor on Wednesday (September 25).

Following the issue, the spokesperson and executive director of Bangladesh Bank Husne Ara Shikha said that Bangladesh Bank will guarantee the loans given to the weak banks. If the lending banks request their loaned money back, Bangladesh Bank will replay them within three days.