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BB decides to appoint administrator

Published : Thursday, 11 July, 2019 at 6:27 PM  Count : 225

BB decides to appoint administrator

BB decides to appoint administrator


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.

LY



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