The good banks will provide special assistance to the banks of the country facing liquidity crisis by lending money and in this case Bangladesh Bank will guarantee the loan amount. Besides, the central bank will also decide the amount of money that the banks will lend and help. Bangladesh Bank has signed such loan guarantee agreement with five banks facing liquidity crisis. These banks will get special loans from the interbank money market for a fixed period.

The banks that signed the loan agreement are National Bank, Social Islami Bank, First Security Islami Bank, Union Bank and Global Islami Bank. For this purpose, an agreement was signed with the four banks discussed on Sunday (September 22). Earlier, the loan agreement was signed with the National Bank last Thursday. All the five banks under discussion are listed institutions in the capital market of the country.

After the fall of Sheikh Hasina’s government, Bangladesh Bank dissolved the board of directors of 11 private banks and reorganized them. Due to anonymous withdrawal of money, liquidity crisis has been created in these banks. In such a situation, borrowing initiatives are taken against the Central Bank’s guarantee to meet the crisis.

Bangladesh Bank Executive Director and Spokesperson Husne Ara Shikha said that agreements have been signed with several banks regarding loans against guarantees. However, it is not yet clear when the liquidity support will be available. Because when banks agree to lend money, they will get help only then.