The step has been taken for the sake of the depositors' money, according to the order issued by BB
Crisis-ridden National Bank’s financial woes have deepened further, as the bank’s losses increased by a massive 145 percent year-on-year in the first quarter of 2024.
National Bank went from a financially stable bank to a bank marred in irregularities
The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.
After the press conference, the bank officials offered packets with snacks to journalists. However, after taking the packet, journalists noticed that it contained an envelope with Tk 5,000 inside
Bangladesh Bank has dissolved the board of directors of National Bank Ltd, just five months after restructuring it.
The bank’s sponsor director Khalilur Rahman made the new chairman
It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022
A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.
Sundarban Hotel in Dhaka’s Karwan Bazar is evacuated fearing collapse after a boundary wall caved in because of an adjacent under-construction site.
