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One more NBFI gets BB licence

FE REPORT | June 08, 2020 00:00:00


The central bank has issued one more licence to a non-banking financial institution (NBFI) to run its business in Bangladesh.

The Bangladesh Bank (BB) issued a notification in this connection on Sunday saying that it provided a licence to Strategic Finance and Investments Limited for running its business as an NBFI.

"We've issued the licence to the Strategic Finance & Investments Limited after bringing 50 per cent of equity and fund from overseas sources," a BB senior official told the FE.

But the new NBFI would act like other such lenders, the central banker added.

Earlier on March 12 last, the board of directors of the central bank gave the final approval to the proposed Strategic Finance & Investments Limited to run its business.

Currently, 34 NBFIs are operating across the country.

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