• Dhaka Sat, 23 NOVEMBER 2024,
logo

10 Banks Agree to Lend to Weak Banks

Rtv News

  26 Sep 2024, 09:15
Photo: Collected

Ten banks have agreed to provide loans to banks weakened by financial irregularities. Bangladesh Bank will guarantee or provide security for these loans.

This decision was made in a meeting on Wednesday (September 25) with the Governor of the central bank, Dr. Ahsan H. Mansur.

Among the 10 banks agreeing to provide loans are the state-owned Sonali Bank and private banks such as BRAC, Eastern, The City, Shahjalal Islami, Mutual Trust, Pubali, Dhaka, Dutch-Bangla, and Bank Asia.

Regarding the matter, Bangladesh Bank’s spokesperson and Executive Director Husne Ara Shikha informed reporters that if the lending banks request their loaned money back, Bangladesh Bank will repay them within three days. No bank will be allowed to take any extra funds for providing these loans.

She added that Bangladesh Bank will determine how much liquidity support each weak bank will receive, while the interest rates will be agreed upon between the two banks.

The managing directors (MDs) or representatives of these banks attended the meeting with the Governor.

Additionally, five banks have already signed agreements with Bangladesh Bank to receive liquidity support. These are National, Social Islami, First Security Islami, Union, and Global Islami banks from the private sector.

Comments

  • Most Viewed News Of Bangladesh
Read More
Claiming Singaporean Citizenship, S Alam Seeks Protection
Bangladesh on The Right Track in Controlling Prices of Goods: IMF
Bangladesh Receives $1,532.66 Million Remittance in 19 Days
Forex Reserves Rise as Governor Assures Economic Stability