BB decides to appoint administrator
Published : Thursday, 11 July, 2019 at 6:27 PM Count : 225
Bangladesh Bank has decided to appoint an administrator to restore the financial state of People’s Leasing and Financial Services (PLFS), a non-bank financial institution.
The central bank took the decision on Thursday, said Md Sirajul Islam, BB executive director and a spokesperson.
Earlier on Wednesday, Bangladesh Bank formally announced to liquidate PLFS as the organization’s financial health deteriorated for last several years.