Under the present administration, 11 banks have received loans totaling Tk 53,000 crore from Bangladesh Bank. These 11 banks needed assistance from Bangladesh Bank during a severe financial crisis. These banks have been accused of extensive loan fraud and looting, particularly under the Awami League government. Because of this, the banks are currently experiencing a liquidity crisis, which Bangladesh Bank has handled.

Things worsened throughout the previous government’s tenure, particularly in late 2022 when bank withdrawals of customers began. To help banks, Bangladesh Bank has, nevertheless, employed three primary strategies: money printing, loans secured by guarantees, and closing the current account deficit.

The highest amount of support has been received by First Security Islami Bank, which has been given Tk 7,270 crore against the current account deficit, Tk 1,500 crore in guarantees, and Tk 5,500 crore in printing. In addition, other banks have also been provided with necessary support, such as Social Islami Bank, Islami Bank, National Bank, etc.

Even after taking this support for the banks, it is not enough, and the banks have not yet been able to overcome the crisis. Bangladesh Bank is now monitoring the situation and will intervene if necessary.

The board of directors of Bangladesh Bank will hear a thorough presentation on the subject today.