Though less recognized than banks, Non-Bank Financial Institutions (NBFIs) have played a crucial role in shaping Bangladesh’s economic landscape, acting as essential sources of lending and borrowing for the past four decades.

Twelve non-bank financial institutions (NBFIs) in Bangladesh are running without a regular managing director or chief executive officer and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

Widespread irregularities and scams are reasons that defaulted loans at NBFIs account for 30 percent of disbursed loans

Of the 23 listed NBFIs in Bangladesh, 17 published their financial reports