BB provides another Tk265cr liquidity guarantee to 3 banks

Business Report :

The Bangladesh Bank (BB) has provided a guarantee for another Tk265 crore support to three banks facing liquidity crises due to irregularities and corruption in providing loans.

The three banks are – First Security Islami Bank PLC, National Bank Limited and Export Import Bank of Bangladesh PLC, said Bangladesh Bank spokesperson Husne Ara Shikha on Tuesday.

Dutch Bangla Bank, City Bank, Pubali Bank, and Eastern Bank PLC will lend this money to these banks facing the liquidity shortage, she added.

With the latest addition, a total of Tk7,050 crore has been lent to the seven distressed banks since the beginning of October.