Bangladesh Bank has announced plans to close nine non-bank financial institutions (NBFIs) as part of efforts to safeguard "depositors’ interests". Central bank Governor Ahsan H Mansur confirmed the move, saying that the decision was taken to ensure people could recover their savings safely. The nine institutions slated for closure are FAS Finance, Bangladesh Industrial Finance Company, Premier Leasing, Fareast Finance, GSP Finance, Prime Finance, Aviva Finance, People’s Leasing, and International Leasing. In January, Bangladesh Bank identified 20 NBFIs as financially weak. “The responses from nine were not satisfactory, so this decision has been taken,” the official said.

Source: bd News24 August 22, 2025 13:13 UTC