Six weak banks have received Tk 16.40 billion in loans to resolve their liquidity crisis by three relatively stronger banks, reports bdnews24.com. Sonali Bank, Mutual Trust Bank, and Dutch Bangla Bank provided the support to First Security Islami Bank, Social Islami, Union Bank, Global Islami Bank, National Bank and Exim Bank. Islami Bank has also sought similar liquidity support. A Bangladesh Bank official said, "There is a liquidity crisis in several banks. Ten strong banks have already agreed to give cash to these weak banks.

Source: bd News24 October 21, 2024 00:35 UTC