Staff Reporter:
Bangladesh Bank (BB) yesterday provided TK 2,500 crore in special liquidity support to Islami Bank Bangladesh PLC to help the country’s largest Shariah-based lender overcome an acute cash shortage caused by heavy deposit withdrawals.
Bangladesh Bank Executive Director and spokesperson Arief Hussain Khan confirmed the development to .
According to central bank and bank officials, Islami Bank sought TK 10,000 crore in liquidity assistance from Bangladesh Bank last week.
Officials said that TK 2,500 crore released yesterday is the first tranche of the requested support pack-age.
Bangladesh Bank Governor Md Mostaqur Rahman had earlier indicated that the central bank was pre-pared to extend liquidity assistance to the bank if necessary.
Speaking at a post-budget press conference on June 12, the governor said, “The crisis at Islami Bank will be resolved soon. Depositors will not face difficulties in withdrawing their money. If necessary, emer-gency liquidity support will be provided.”
The central bank’s intervention is expected to ease pressure on the bank’s cash position and help restore confidence among depositors.
Banking sector analysts said the move reflects Bangladesh Bank’s commitment to maintaining financial stability and protecting depositors’ interests while ensuring smooth operations of one of the country’s largest private commercial banks.
