Regulatory Alerts2026-08-09
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BRD Circular No. 03: Regarding Placement of Four Finance Companies Under Resolution Process
Bangladesh Bank places Abhiva Finance Limited, FS Finance & Investment Limited, Far East Finance & Investment Limited, and International Leasing & Financial Services Limited under the resolution process under the Banking Resolution Act, 2026. This action is taken to restore good governance, ensure accountability, protect depositors' interests, and restore public confidence in the financial sector. The circular is addressed to the Managing Directors, CEOs, and Chief Executive Officers of all scheduled banks and finance companies operating in Bangladesh.
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Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Bank Resolution Department (BRD)
BRD Circular No.-03
Date: 25 Srabon, 1433 09 August, 2026
Managing Director/CEO/Chief Executive Officer All Scheduled Banks and Finance Companies operating in Bangladesh.
Dear Sir,
Regarding the placement of four finance companies under the resolution process
In order to restore good governance in the financial sector, ensure accountability, bring overall discipline, protect the interests of depositors, and generally restore public confidence in the financial sector, Bangladesh Bank, under the powers granted by the Banking Resolution Act, 2026, has placed the following four finance companies under the resolution process:
- Abhiva Finance Limited
- FS Finance & Investment Limited
- Far East Finance & Investment Limited and
- International Leasing & Financial Services Limited
Yours faithfully,
(Dr. Syed Nazrul Islam) Director (BRD) Phone: 9565001-6/22289
Phone: 88-02-9550448, 9554896, IP: 88-02-9565001-6, Fax: 88-02-9530479, Web: www.bb.org.bd
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