The Bangladesh Bank (BB) has provided an additional Tk 25 billion in emergency liquidity support to Social Islami Bank PLC and First Security Islami Bank PLC as part of its ongoing efforts to stabilize the financial sector.

The central bank approved the fund infusion on Thursday, with Tk 15 billion allocated to Social Islami Bank and Tk 1,000 crore to First Security Islami Bank. According to BB officials, the support provided without collateral is for 90 days.

Mohammad Shahriar Siddiqui, a director and assistant spokesperson of the BB, confirmed that both Shariah-based banks had earlier applied for liquidity assistance to meet their immediate financial needs.

This latest intervention follows a major liquidity injection of Tk 225 billion in November 2024, when the central bank provided unsecured funds to six struggling banks, including Social Islami Bank and First Security Islami Bank. At that time, Social Islami Bank received Tk 40 billion, while First Security Islami Bank was given Tk 55 billion.

The ongoing financial distress in the banking sector prompted the BB to restructure the boards of 11 troubled banks in August 2024, following a political transition. However, concerns persist over the sustainability of these measures, especially as the six banks that received emergency funding in November have yet to repay their dues.