NN Online :
In an unprecedented move, Bangladesh Bank has pumped Tk 52,500 crore into 12 financially weak banks by printing new currency—despite its official tight monetary policy stance.
According to central bank data released Saturday, the bailout is part of a broader stabilisation effort, which also includes an upcoming merger of several struggling institutions.
Of the total amount, Tk 33,000 crore was disbursed as demand loans to 10 banks to help them repay customer deposits. Another Tk 19,000 crore in current account deficits across nine banks was converted into demand loans, offering a much-needed financial lifeline.
Banks receiving the assistance include First Security Islami Bank (which alone got Tk 14,200 crore), Social Islami Bank, National Bank, EXIM Bank, Global Islami Bank, Islami Bank Bangladesh, AB Bank, Bangladesh Commerce Bank Ltd, Investment Corporation of Bangladesh, BASIC Bank, and Padma Bank.
Bangladesh Bank Governor Dr. Ahsan H. Mansur confirmed that five private Islamic banks will be merged soon—regardless of the upcoming national election. “This process is already underway, and the next government is expected to continue it,” he stated.
The governor added that liquidity support has already been extended to the banks in question. Six banks, identified as weak due to loan fraud and irregularities, are set to be merged by July.
“These institutions will initially be brought under temporary government control,” said Dr. Mansur. “After restructuring, their shares will be transferred to public and international strategic investors.”
