Written by The Banking Post
Thousands of depositors who have long been unable to access their savings in five troubled non-bank financial institutions (NBFIs) are set to receive repayments under a Bangladesh Bank initiative backed by government funds.
According to central bank officials, deposits stuck in FAS Finance, Far East Finance, Aviva Finance, Peoples Leasing and Financial Services, and International Leasing and Financial Services will be returned after the institutions are formally liquidated and placed under administrators appointed by Bangladesh Bank.
The five NBFIs collectively owe around Tk 27 billion to nearly 27,000 depositors.
As part of the repayment plan, individual depositors will initially receive up to Tk 1 million each. The required funds have been earmarked in the proposed national budget for fiscal year 2026–27.
The institutions have been plagued by exceptionally high non-performing loans, with default rates exceeding 90 percent in most cases. Four of them were previously linked to alleged financial irregularities involving PK Halder, while Aviva Finance was associated with S Alam.
Bangladesh Bank Governor Md. Mostakur Rahman recently said depositors could begin receiving their money within the next one to two weeks, offering relief to thousands who have waited years to recover their funds.
