4 Banks Receive Tk 945 Crore Liquidity Support

Industry: Bank, Financial
Company: First Security Islami Bank Limited, Global Islami Bank Limited (GIBL), National Bank Limited (NBL), SOCIAL ISLAMI BANK LTD (SIBL)
Company Intelligence Tag: Business Insights

Four crisis-hit banks—First Security Islami, Social Islami, Global Islami, and National—received a total of Tk 945 crore in liquidity support from five other banks. First Security Islami Bank secured Tk 200 crore from City Bank, Tk 50 crore each from Mutual Trust Bank and Dutch-Bangla Bank. Social Islami Bank obtained Tk 300 crore from City Bank and Tk 50 crore from Mutual Trust Bank. Global Islami Bank received Tk 25 crore from Eastern Bank, while National Bank received Tk 200 crore from City Bank, Tk 50 crore from Mutual Trust Bank, and Tk 20 crore from Bengal Commercial Bank. This support follows a Bangladesh Bank guarantee for liquidity support from the inter-bank money market, with the banks required to pay a 0.25% guarantee fee and repay the loans with interest within three months. Failure to repay could lead to forced loans or recovery through asset sales.

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