Line the bottom of a 13x9 dish with 1/2 of the wafers and top with 2 sliced bananas.
Combine milk and pudding mix and blend with mixer until smooth.
In another bowl, combine cream cheese and condensed milk. Fold the whipped topping into the cream cheese mixture. Combine cream cheese mixture and the pudding mixture and stir to blend. Pour over cookies & bananas and layer mixture with bananas and remaining wafers.