Bangladesh Bank has initiated liquidation proceedings for nine non-bank financial institutions (NBFIs) due to severe irregularities and high default rates. Hearings have begun to assess the justification for liquidation. According to central bank sources, if the institutions are closed, the government will refund individual depositors, while institutional and interbank dues will be settled through asset sales. The nine NBFIs include FAS Finance, Bangladesh Industrial Finance Company, Premier Leasing, Fareast Finance, GSP Finance, Prime Finance, Aviva Finance, Peoples Leasing, and International Leasing.

These institutions have default rates between 75 and 98 percent, accounting for 52 percent of total NBFI defaults by the end of 2024. Allegations of large-scale financial misconduct, including embezzlement by former executives, have contributed to their collapse. The total deposits across the nine institutions amount to Tk 15,370 crore, of which Tk 3,493 crore are individual deposits to be repaid by the government.

Governor Ahsan H. Mansur stated that individual depositors will receive their principal amounts before Ramadan in February 2026, without interest. The government has verbally approved around Tk 5,000 crore for repayments, and asset valuation will determine any potential returns for shareholders.