Bangladesh, Oct. 15 -- Sonali Bank PLC has provided Tk 7,000 crore in liquidity support to National Bank PLC under a three-month loan agreement fully guaranteed by Bangladesh Bank, paving the way for the private lender to resume normal banking services and facilitate deposit withdrawals from October 15.

The three-month loan carries an interest rate of 10 percent, and the transaction has been completed. Under the guarantee, Bangladesh Bank will repay Sonali Bank if National Bank fails to repay the loan within the stipulated period, reports BSS.

National Bank is preparing to resume full banking services on October 15, enabling customers to withdraw their deposits.

The bank has started accepting withdrawal requests and received nearly 7,...