Two distressed non-bank financial institutions (NBFIs) have offered contrasting responses to a media report that Bangladesh Bank gave four troubled finance companies three months to improve their financial condition.
In separate disclosures to the Dhaka Stock Exchange (DSE) on Monday, Premier Leasing & Finance Ltd. confirmed it had received a three-month deadline from the central bank, while GSP Finance Company (Bangladesh) PLC said it had received no such official instruction.
The disclosures were made in response to a DSE query dated 8 July over an online news report claiming Bangladesh Bank had set a three-month deadline for four distressed NBFIs.
Premier Leasing said Bangladesh Bank had allowed the company three months to comply with regulatory conditions and undertake corrective measures to improve its financial position.
It said it was working to meet the central bank’s conditions and expected to comply within the stipulated period.
GSP Finance, however, said the report was based solely on media coverage and that it was not in a position to comment or confirm the information without any official communication from Bangladesh Bank.
GSP Finance shares rose 2.86 per cent to close at Tk3.60 on the DSE on Monday, while Premier Leasing shares remained unchanged at Tk2.20.
