Bangladesh Bank has dissolved the boards of four financial institutions undergoing closure and declared their managing director posts vacant. On Sunday, it appointed administrators to Aviva Finance, Far East Finance, FAS Finance and International Leasing, according to a report published on August 9, 2026. Two additional Bangladesh Bank officials have been assigned at each institution to assist the administrators.

Bangladesh Bank Director Alauddin Hossain was appointed administrator of Aviva Finance, while Directors Sadekur Rahman, Ataur Rahman and Mohammad Iqbal Hossain were assigned to Far East Finance, FAS Finance and International Leasing respectively. Peoples Leasing has not yet received an administrator because of litigation-related complications and the absence of a court order. An official said the administrators will advance liquidation and repay individual depositors using government-provided funds.

The five institutions facing closure have non-performing loan rates ranging from 93 percent to nearly 100 percent and total deposits of Tk 16,076 crore. Individual depositors will receive priority, with a maximum repayment of Tk 10 lakh per person. Four other institutions have been given three months to recover; failure to improve could lead to their closure.