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Bangladesh Bank has provided nearly Tk 53,000 crore in loans to 12 financially weak banks by printing money. This financial assistance, offered under guarantees and special facilities, has been ongoing since September last year. Despite this massive infusion, these banks have yet to recover.
Governor Ahsan H. Mansur has repeatedly stated that no more money will be printed to support weak banks. However, reports reveal that as recently as two business days before Eid, the central bank extended Tk 3,000 crore in loans to five banks. Facing severe liquidity crises, these banks received funds at 10% interest against DP (Deposit) notes for a 90-day term.
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