Deposits secured in banks: BB

Bangladesh Bank has ensured that public deposits in the banking system are secured and the banking sector of Bangladesh is staying financially strong.

There is no liquidity crisis in the banks so this kind of news is fake, the central bank warned in an emergency press release on Sunday signed by Saeda Khanam, Director and Assistant Spokesperson of Bangladesh Bank.

The release describes that various conspiracy news regarding withdrawing deposits from banks were posted on social media. In this regard, the central informed that Bangladesh’s banking system is strong and there is no liquidity crisis.

It noted, “In the last 51 years history of Bangladesh, no bank was shut down. Hopefully, no bank will shut down in the coming days. So the public deposits are secured in banks.”

According to the Bangladesh Bank data, the total deposit amount in the banking sector was Tk 14,82,829 crore as of September this year. Meanwhile, excess liquidity in the banking sector was Tk 1,70,497 crore in scheduled banks as of this September, which was Tk 2,19,681 crore in the same month of the previous year.