<?xml version="1.0"?>
<!--<!DOCTYPE nitf SYSTEM "nitf-3-4.dtd">-->
<nitf>
  <head>
    <title id="Title"></title>
    <docdata management-doc-idref="">
      <date.issue id="CreationDate" norm="" />
      <du-key id="rev-ver" generation="1" version="Default" />
      <du-key id="Parent-Version" version="" />
      <identified-content>
        <classifier id="newspro-nitf" value="r2" />
        <classifier id="Newspro-App" value="Epaper" />
        <classifier id="Content-Type" value="Story" />
        <classifier id="storyID" value="298303" />
        <classifier id="CmsConID" value="" />
        <classifier id="Desk" value="" />
        <classifier id="Source" value="" />
        <classifier id="Edition" value="" />
        <classifier id="Category" value="-1" />
        <classifier id="UserName" value="" />
        <classifier id="PublicationDate" value="09/09/2024" />
        <classifier id="PublicationName" value="DailyStar" />
        <classifier id="IsPublished" value="Y" />
        <classifier id="IsPlaced" value="Y" />
        <classifier id="IsCompleated" value="N" />
        <classifier id="IsProofed" value="N" />
        <classifier id="User" value="" />
        <classifier id="Headline-Count" value="" />
        <classifier id="Slug-Count" value="0" />
        <classifier id="Photo-Count" value="0" />
        <classifier id="Caption-Count" value="0" />
        <classifier id="Word-Count" value="0" />
        <classifier id="Character-Count" value="0" />
        <classifier id="Location" value="" />
        <classifier id="TemplateType" value="1" />
        <classifier id="StoryType" value="Story" />
        <classifier id="Author" value="" />
        <classifier id="UOM" value="mm" />
        <classifier id="kicker" value="" />
        <classifier id="ByLine" value="" />
        <classifier id="DateLine" value="" />
        <classifier id="box-geometry" value="666,1163,972,1512" />
         <classifier id="numcol" value="2"/>
      <classifier id="ArticleStyle" value=""/>
      <classifier id="Layer" value="Layer 1"/>
         <classifier id="Epaper-Build" value="7.1.5.2"/>
  <classifier id="ProcessingDateTime" value="Mon Sep 09 2024 02:19:22 GMT+0600"/>
      </identified-content>

      <urgency id="home-page" ed-urg="0" />
      <urgency id="priority" ed-urg="0" />
      <doc-scope id="scope" value="0" />
    </docdata>
    <pubdata type="print" name="DailyStar" date.publication="20240909T000000+5.30" edition.name="Main Edition" edition.area="MAI" position.section="DST09092402MAI-NEWS" position.sequence="2" ex-ref="DST09092402MAI-NEWS.indd" />
  </head>
  <body boxBorderWeightColor="" boxBorderWeight="">
<body.head>
      <hedline>
    	<hl1 id="Headline1" ul="0" ol="0" ulColor=""  ulWeight=""  olColor=""  olWeight="" textFrameColor="" orgstyle="HEAD new 2" class="1" MainHead="true" style="Headline1">
		<lang class="3" colour="#000000" orgstyle="HEAD new 2" style="Headline1"  font="Blacker Pro Display" fontStyle="Regular" size="25">BB to rescue problem banks </lang>
	</hl1>

       </hedline>
</body.head>
    <body.content id="Bodytext" CaptionAsBody="0">
     <block>
	<media id="1" media-type="image">
			</media>
</block>

     <p style=".Bodylaser" ul="0" ol="0"  orgstyle="FROM PAGE">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="FROM PAGE" font="Blacker Pro Display" fontStyle="Bold" size="7">FROM PAGE 1
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="INDENTLESS BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="INDENTLESS BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">One such back is Global Islami Bank, whose Chairman Mohammad Nurul Amin told The Daily Star that they will meet with the BB governor today to seek liquidity support to repay the depositors’ money.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The new National Bank chairman Abdul Awal Mintoo told The Daily Star in an interview recently that the BB has an obligation to provide support for three reasons: for the sake of the country’s economy, for the sake of depositors and for the sake of customers who are involved in production. 
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Nine banks including six S Alam-controlled ones were facing a severe liquidity crisis for more than a year due to huge irregularities and scams but the central bank suspended the liquidity support for them after the ouster of the Awami League-led government.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">On August 12, the central bank instructed all banks not to honour cheques worth more than Tk 1 crore of the nine banks.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The banks are National Bank, Padma Bank, ICB Islamic Bank, and six others in which the S Alam Group holds majority stakes: Islami Bank, First Security Islami, Social Islami, Union, Global Islami and Bangladesh Commerce Bank.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">A senior central bank official who is observing the restructured banks told The Daily Star that only Islami Bank was able to reduce its liquidity crisis among the six banks that were under S Alam Group’s control.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The other five banks -- Social Islami, Global Islami, Union, First Security Islami and Bangladesh Commerce Bank face a severe liquidity crisis, as per the central bank official.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Those five lenders will not be able to run their banking activities without liquidity support.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The rest of the restructured banks are National, Exim, United Commercial, Al Arafah Islami and IFIC. Of them, National and EXIM are in tight liquidity situations.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">In yesterday’s press conference, Mansur said that every depositor will get back Tk 2 lakh from the previous Tk 1 lakh against bank deposit insurance if any bank becomes bankrupt.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">As much as Tk 70,000 crore has gone outside the banking sector and of them Tk 30,000 crore have been returned, he said.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Now, the cash withdrawal limit has been lifted but around 10 banks still have problems so their customers will have to be patient for a little longer.
</lang>
</p>

    </body.content>
  </body>
</nitf>