Bangladesh, Aug. 12 -- Bangladesh Bank (BB) has dissolved the boards of directors of the four non-bank financial companies (NBFCs) and appointed administrators to run their affairs.

Advertisement The central bank's move came just two days after it declared the NBFCs non-viable.

The institutions are: Aviva Finance Limited, FAS Finance & Investment Limited, International Leasing and Financial Services Limited, and Far East Finance & Investment Limited.

The administrators will assume all responsibilities previously exercised by the respective boards of directors, according to officials familiar with the development.

The BB spokesperson Arief Hossain Khan said four BB directors have been assigned as the administrators of the non-viable f...