Bangladesh Bank is providing liquidity guarantee to banks weakened due to various irregularities including loan fraud. So far, 6 banks listed in the capital market have received central bank guarantees of around 5 thousand crore Taka in the last one month. The banks are – Islami Bank, Social Islami Bank, Global Islami Bank, First Security Islami Bank, Union Bank and National Bank.
It is known that Islami Bank Bangladesh Limited has received 1 thousand 495 crore taka; Social Islami Bank received Tk. 1 thousand crores; Global Islami Tk. 295 crore; First Security Islami Bank Tk. 775 crore; Union Bank received Tk. 150 crore and National Bank received Tk. 820 crore.
Liquidity facilities have been given to these banks which are in liquidity crisis – Sonali Bank, Dutch Bangla Bank, Eastern Bank, City Bank and Mutual Trust Bank.
Bankers said that customers’ confidence in weak banks has started to return due to this support from interbanks. The worries of many customers are gone now customers are not rushing to withdraw money from these banks like before. However, many banks are still not able to return the deposits as per the customer’s demand.
According to Central Bank data, on Tuesday (October 22), four banks received Central Bank guarantee facility of Tk. 875 crore. Out of this, Islami Bank got Tk 695 crore, Social Islami Bank Tk. 100 crore, Global Islami Bank Tk. 50 crore and First Security Islami Bank got Tk. 25 crore.
It is known that the central bank has taken the initiative to collect funds from the interbank currency market to overcome the crisis of the banks which have been weakened due to various financial irregularities and corruption. In view of this, 10 banks agreed to provide loan assistance to banks in crisis under the guarantee of Bangladesh Bank.
Recently, in a meeting with Bangladesh Bank Governor Ahsan H Mansoor, the Managing Directors (MD) of these banks agreed to provide them with liquidity support.
After the fall of Sheikh Hasina’s government, the boards of many banks under the influence of Awami League in Bankkhat have been dissolved. The interim government dissolved the board of 11 banks including 8 banks under the control of S Alam till now.
Besides, at the end of August, the current account deficit of at least 9 banks in the private sector exceeded Tk 18,000 crore. Among them, First Security Islami Bank had a deficit of Tk 7,269.66 crore—the highest; Social Islami Bank’s deficit was Tk 3,394 crore and National Bank’s deficit was Tk 2,342 crore.
Other banks in deficit include – Union Bank’s Tk 2,209.15 crore; Islami Bank Bangladesh Tk 2,201.95 crore; Bangladesh Commerce Bank’s deficit is Tk 380.95 crore and Global Islami Bank’s deficit is Tk 39.39 crore.
Also, according to Central Bank data, the deficit of Padma Bank and ICB Islami Bank was Tk 234.48 crore and Tk 95.42 crore respectively.
