National Bank, Islami Bank Bangladesh, and Social Islami Bank have applied to the Bangladesh Bank (BB) for a total of Tk 6,800 crore in liquidity support through the inter-bank money market for three months. National Bank seeks Tk 5,000 crore, Islami Bank Bangladesh Tk 1,100 crore, and Social Islami Bank Tk 700 crore. These restructured banks applied for BB guarantees after the new central bank governor indicated that liquidity would be managed through the inter-bank market rather than printing money. The banks face liquidity pressures due to increased deposit withdrawals, inflation, and rising living costs. Several other restructured banks, including Union Bank, Global Islami Bank, and First Security Islami Bank, are also considering applying for BB guarantees. The central bank is reviewing the applications, and a policy change is expected before approval. National Bank has faced liquidity issues for over a year, and both Islami Bank and Social Islami Bank are struggling with liquidity due to macroeconomic pressures. Approval of these guarantees would help stabilize their liquidity positions.
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