On 28 November, the central bank announced Tk 22,500 crore in liquidity support to six struggling banks to ensure depositors can withdraw funds from 1 December. First Security Islami Bank received Tk 5,500 crore, Social Islami Bank Tk 4,000 crore, Global Islami Bank Tk 2,000 crore, Union Bank Tk 2,000 crore, EXIM Bank Tk 5,000 crore, and National Bank Tk 4,000 crore. The governor assured that sufficient liquidity would be provided but urged depositors to withdraw only urgent amounts. These funds were sourced by printing money, with instruments like government bonds introduced to manage inflationary impacts and maintain contractionary monetary policy.
National Bank acknowledged severe financial challenges due to irregularities, leading to public panic and eroded trust. Its chairman revealed significant funds were siphoned off, impacting foreign trade revenue. Efforts are underway to recover laundered money and sell defaulters’ assets. Both central and bank officials expressed optimism about recovery within three months.
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