{"id":7732,"date":"2024-05-07T14:42:32","date_gmt":"2024-05-07T11:12:32","guid":{"rendered":"https:\/\/dailyenglishtimes.com\/?p=7732"},"modified":"2024-05-07T14:42:32","modified_gmt":"2024-05-07T11:12:32","slug":"national-banks-new-board-to-bring-tk-1000cr-capital-chairman","status":"publish","type":"post","link":"https:\/\/dailyenglishtimes.com\/?p=7732","title":{"rendered":"National Bank\u2019s new board to bring Tk 1,000cr capital-Chairman"},"content":{"rendered":"<div class=\"meta-wrap hero-meta tipi-s-typo elements-design-3 clearfix\">\n<div class=\"meta meta-no-sub\">\n<div class=\"byline byline-2 byline-cats-design-4\">\n<div class=\"byline-part cats\"><strong>Et Business Desk<\/strong>:<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"entry-content-wrap clearfix\">\n<div class=\"entry-content body-color clearfix link-color-wrap progresson\">\n<p>The National Bank\u2019s new board of directors will bring in Tk1,000 crore to help resolve the ongoing crisis at the bank, the new board Chairman Khalilur Rahman said on Monday.<br \/>\nAt a press conference with reporters, Khalilur said he would collect a capital of Tk3,000 crore required to solve the bank\u2019s crisis through deposit campaigns, while in the initial stage, a Tk1,000 capital will be provided by the directors and shareholders.<br \/>\nEarlier on Sunday (5 May), the Bangladesh Bank dissolved the National Bank\u2019s board for the second time in four and a half months.<br \/>\nThe central bank formed a new board of directors headed by Khalilur Rahman, a longstanding entrepreneurial shareholder of National Bank, who is also the chairman of the KDS Group.<br \/>\nKhalilur also said the National Bank has not been taken over. The new directors have been appointed to the bank by the government.<br \/>\nAsked if the National Bank will go for a merger, he said, \u201cWe have talked with the central bank. We will not go for a merger. We will turn the National Bank around with our own efforts without a merger.\u201d<br \/>\n\u201cWhatever has happened, happened. There will be no more looting. Those who have loaned money from the bank will have to return it.<br \/>\n\u201cWithin a year, we will be able to take the bank back to its previfsous state.\u201d<br \/>\nAn initial proposal was made to merge National Bank with United Commercial Bank (UCB). In response, the National Bank board decided on 28 April that they do not want to merge.<br \/>\nIn 2023, National Bank reported a loss of Tk1,497 crore. The previous year, its loss was Tk3,285 crore.<br \/>\nWho are the new directors?<br \/>\nAccording to central bank sources, most of the new representative directors and independent directors of the new board are from a group based in Chattogram.<br \/>\nSeven of the ten members of the new board have been reappointed by the central bank.<br \/>\nAmong them, Mohammad Riazul Karim, former managing director of Premier Bank, has become the representative director. He holds a post at a sister concern of the KDS Group where Khalilur Rahman is chairman.<br \/>\nAnother representative director is Ershad Mahmud. He is the brother of Foreign Minister Hasan Mahmud. His ancestral home is Rangunia upazila of Chattogram. He has also become the director of National Bank through a business organisation in Chattogram.<br \/>\nEhsanul Karim, senior advocate of the Bangladesh Supreme Court, has become the representative director by representing a company on behalf of a group based in Chattogram, where he also works as a lawyer for another group.<br \/>\nAnother representative director is Professor AKM Tofazzal Haque of Chittagong University. He also joined as a representative of a group based in Chattogram.<br \/>\nAdditionally, Professor Helal Uddin Nizami of the same university became one of the three independent directors. Another one is Chartered Accountant Dr Ratna Dutta. Her husband Subrata Kumar Bhowmik is the executive director of a large group based in Chattogram.<br \/>\nApart from this, another independent director is ABM Zahurul Huda. He is the former executive director of the Bangladesh Bank. He is currently the head of a training institute of a large group of banks based in Chattogram. The other members of the board include two members of the previous board.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Et Business Desk: The National Bank\u2019s new board of directors will bring in Tk1,000 crore to help resolve the ongoing crisis at the bank, the new board Chairman Khalilur Rahman said on Monday. At a press conference with reporters, Khalilur said he would collect a capital of Tk3,000 crore required to solve the bank\u2019s crisis through deposit campaigns, while in the initial stage, a Tk1,000 capital will be provided by the directors and shareholders. Earlier on Sunday (5 May), the Bangladesh Bank dissolved the National Bank\u2019s board for the second<\/p>\n","protected":false},"author":1,"featured_media":7733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_5980380192037842_108390337697511":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9],"tags":[],"class_list":["post-7732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7732"}],"version-history":[{"count":1,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7732\/revisions"}],"predecessor-version":[{"id":7734,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7732\/revisions\/7734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/media\/7733"}],"wp:attachment":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}