NN Online:
To stabilise the country’s banking sector amidst ongoing cash flow challenges, three struggling banks have been provided with Tk 265 crore in liquidity support through a Bangladesh Bank credit guarantee scheme.
Executive Director and Spokesperson of Bangladesh Bank Husne Ara Shikha confirmed the development on Tuesday evening, saying that financially sound banks – Dutch-Bangla Bank, City Bank, Pubali Bank, and Eastern Bank-provided the funds through loan agreements.
The move follows an earlier disbursement of Tk 6,585 crore in liquidity support to five other crisis-hit banks, bringing the total liquidity injection under the central bank initiative to Tk 6,850 crore.
“This arrangement reflects our commitment to addressing the liquidity challenges within the banking sector while maintaining confidentiality regarding the names of the weak banks receiving support,” said the Bangladesh Bank official, citing policy restrictions on revealing beneficiaries.
Despite these efforts, analysts suggest that broader structural reforms are essential to address the root causes of the liquidity crisis and improve governance in the banking sector.
