Bangla Press Desk: The Bangladesh Bank has injected an unprecedented amount of Tk52,500 crore into 12 financially weak banks by printing new currency, despite maintaining a tightened monetary policy stance.
According to central bank data released on Saturday, this substantial financial assistance is part of the central bank’s broader efforts to stabilise the banking sector, which includes plans to merge several fragile institutions.
Of the total amount, Tk33,000 crore has been disbursed to 10 banks as ‘demand loans’ to help facilitate the repayment of customer deposits.
An additional Tk19,000 crore in current account deficits across nine banks has also been converted into demand loans, effectively providing them with a critical financial lifeline.
Notably, First Security Islami Bank received the largest share, amounting to Tk14,200 crore.
Bangladesh Bank Governor Ahsan H Mansur confirmed that five private Islamic banks are slated for merger ‘very soon’, regardless of the forthcoming national elections. “This is an ongoing process, and we expect the next government to continue it.”
He also revealed that liquidity support has already been extended to these banks. Six institutions, identified as weak due to “various irregularities and loan fraud”, are set to be merged by July.
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BP/ZE
