Bangladesh Bank (BB) has announced plans to close nine non-bank financial institutions (NBFIs)
Governor Ahsan H Mansur confirmed the matter saying that the decision was taken to ensure people could recover their savings safely.
The nine institutions are FAS Finance, Bangladesh Industrial Finance Company, Premier Leasing, Fareast Finance, GSP Finance, Prime Finance, Aviva Finance, People’s Leasing, and International Leasing.
''Each institution is being monitored, and only then will we determine how much government support is required,'' the Governor said, adding that the closures would be completed within the year.
PT/ra
