National Bank's board dissolved by Bangladesh Bank

Bangladesh Bank has dissolved the board of directors of National Bank over allegation of lack of governance and poor financial health.

A new board of directors has been formed, Md Mezbaul Haque, executive director and spokesperson of the central bank, confirmed on Thursday.

Dr Syed Farhat Anwar, a professor and Director of Institute of Business Administration, Dhaka University, will serve as the chairman of the new board of directors. He is currently serving as Independent Director of Meghna Bank Ltd.

Besides, former Bangladesh Bank executive director Serajul Islam, former managing director of Southeast Bank Md Kamal Hossain, Chairman of KDS Group Alhaj Khalilur Rahman, Parveen Haque Sikder, an Awami League MP from the Reserved Seats of Women, Lt Gen (Retd) Md Shafiqur Rahman, Nominated Director (Sikder Insurance Company Ltd), and founder of Hosaf Group of Companies Moazzem Hossain are on the new board.

Three directors of the previous board have got into the new board.

Mezbaul also said the total number of directors in the previous board was eight.

END/SZA