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, the executive director and spokesperson of the central bank, confirmed on Thursday.
Read: Bangladesh Banks confirms letter to 5 Shariah-based banks to prevent transactions
Syed Farhat Anwar will serve as the chairman of the new board of directors. He is currently serving as Independent Director of Meghna Bank.
Besides, the former executive director of BB Serajul Islam, Southeast Bank's former managing director Md Kamal Hossain, Khalilur Rahman, Parveen Haque Sikder, Shafiqur Rahman, and Moazzem Hossain are on the new board.
Read: BB bans transactions with Onpassive MLM company
Three directors of the previous board have got into the new board.
Mezbaul also said that the total number of directors in the previous board was eight.