Bangladesh Bank moves to liquidate four NBFIs

Depositors to get priority in repayment 53 SEC(s) ago UPDATED 53 SEC(s) ago Star Business Report Bangladesh Bank (BB) yesterday declared four non‑bank financial institutions (NBFIs) non‑viable and initiated resolution proceedings under the Bank Resolution Act 2026 to protect depositors and restore discipline in the financial sector.The four entities are Aviva Finance Ltd, Fareast Finance and Investment Ltd, FAS Finance and Investment Ltd, and International Leasing and Financial Services Ltd, according to a BB press release.The central bank dissolved the boards of trustees of these NBFIs, vacated the posts of managing director, and appointed administrators from its own ranks to oversee the resolution process. The decision followed a comprehensive review of their financial health and recover