5 financially shy banks are receiving Tk1,000 crore in liquidity make stronger from six stronger banks, backed by guarantees from Bangladesh Financial institution.
In step with the central bank, the six financially sound institutions possess already disbursed over Tk1,000 crore to aid their weaker counterparts. Bangladesh Financial institution confirmed this trend on Wednesday (2 October), despite the truth that officers declined to commentary extra to the media.
On 22 September, Bangladesh Financial institution announced a particular initiative the put financially tough banks would prolong loans to weaker banks for a restricted duration as fragment of a deposit placement approach.
While no bank is being forced to take half, the cenbank’s guarantee to repay the loans has reassured stronger banks, encouraging them to produce this crucial liquidity make stronger.
