DHAKA, July 1, 2026 (BSS) - Bangladesh Bank (BB) has granted a conditional 
three-month period to four financially distressed non-bank financial 
institutions (NBFIs) to implement comprehensive restructuring measures and 
restore their financial viability.

The decision was taken at a meeting of the central bank's Board of Directors 
under Section 15 of the Bank Resolution Act, 2026, following commitments made 
by the respective boards of the institutions to undertake immediate 
corrective actions.

The four finance companies are Prime Finance and Investment Limited, GSP 
Finance Company (Bangladesh) Limited, Bangladesh Industrial Finance Company 
Limited (BIFC) and Premier Leasing and Finance Limited.

According to a Bangladesh Bank directive, the institutions have been 
instructed to complete a series of mandatory measures within the next three 
months to improve their financial condition and protect depositors' 
interests.

As part of the restructuring plan, the boards and sponsor shareholders of the 
companies must inject fresh capital and arrange adequate liquidity support. 
They have also been directed to sell their own assets and properties to raise 
funds.

The central bank further instructed the companies to intensify recovery of 
overdue loans and substantially reduce classified loans through rescheduling, 
negotiated settlements and other lawful recovery measures.

Priority has been given to repaying deposit liabilities, with the 
institutions required to ensure payments to both individual and general 
depositors during the stipulated period.

Bangladesh Bank warned that failure to fulfill any of the stipulated 
conditions within the three-month timeframe would trigger immediate action by 
its Bank Resolution Department under the provisions of the Bank Resolution 
Act, 2026.

The central bank said the measures are aimed at restoring financial 
discipline, safeguarding depositors' interests and ensuring the stability of 
the country's financial sector.