Photo: Collected
The National Bank's 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 (6 May).
At a press conference with reporters, Khalilur said he would collect a capital of Tk3,000 crore required to solve the bank's 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's board for the second time in four and a half months.
The 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.
Khalilur also said the National Bank has not been taken over. The new directors have been appointed to the bank by the government.
Asked if the National Bank will go for a merger, he said, "We 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."
"Whatever has happened, happened. There will be no more looting. Those who have loaned money from the bank will have to return it.
"Within a year, we will be able to take the bank back to its previous state."
An 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.
In 2023, National Bank reported a loss of Tk1,497 crore. The previous year, its loss was Tk3,285 crore.
Messenger/Sumon
