Bangladesh Bank on Wednesday disbursed Tk 4000 crore as liquidity support to five Islami banks to meet ongoing liquidity crisis, sources in the central bank said.
Five Islami banks had earlier applied to the Bangladesh Bank, seeking liquidity support. They are Islami Bank Bangladesh Limited, Union Bank, Social Islami Bank, First Security Islami Bank and Global Islami Bank. The five banks belong to S. Alam group, reports UNB.
Islami banks can take more money, if required, under Sukuk bond facility, he said.
While BB Governor and Managing Directors of five Islami banks have denied the liquidity crisis in their respective banks, the liquidity shortage is still hampering the daily transaction, sources said.
On Monday, the Islami Bank Bangladesh Ltd’s deposits fell to Tk1,46,964 crore. On October 31, the deposit of the bank was Tk1,53,272 crore.
Earlier, IBBL had been lending money to all Islami banks for so long. But, IBBL is now going to other banks for money, a deputy managing director of the bank told UNB.
After the recent loan scam over Tk34,000 crore, a group of people withdrew their deposits from the bank, which is also another reason for the liquidity crisis, he said preferring anonymity.
Bangladesh Bank has launched an investigation to look into the scam. The High Court separately has asked for clarification from S Alam group over the scam.
