BB appoints administrator at troubled Premier Leasing

The central bank yesterday appointed an administrator at Premier Leasing & Finance Ltd (PLFL) following a court order, the first such move aimed at a non-bank financial institution in Bangladesh. The Bangladesh Bank has appointed its Executive Director AKM Mohiuddin Azad as the administrator at the beleaguered NBFI, said Md Serajul Islam, a spokesperson of the central bank.