BB dissolves National Bank board

Bangladesh Bank (BB) has dissolved the board of directors of National Bank.

The central bank on Wednesday issued an order to dissolve the existing board of the bank and formed a new board.

Md Mezbaul Haque, spokesperson for Bangladesh Bank, confirmed it, saying the National Bank board has been dissolved in order to bring good governance in the bank.

Dr. Syed Ferhat Anwar, professor of the Institute of Business Administration (IBA), Dhaka University, who is serving as an independent director at Meghna Bank, has been appointed as the chairman of the newly established board of directors of National Bank.

The board comprises the Bangladesh Bank's former executive director Sirajul Islam, former managing director of Southeast Bank Md Kamal Hossain, Khalilur Rahman, Parveen Haque Sikder, Shafiqur Rahman and Moazzem Hossain as directors.

Three directors from the former board have been designated for the new board, while the remaining directors were declared ineligible, said the central bank spokesperson.

Source: BSS