Business Report :
The Bangladesh bank has dissolved the Exim Bank’s board and formed it anew with five members. The central bank has also removed the bank’s Chairman Md Nazrul Islam Mazumder and his wife Nasreen Islam from the board, as per a circular issued on Thursday. Banks ordered to freeze Exim Bank Chairman Nazrul Islam’s accounts
The new board comprises former executive director of Bangladesh Bank SM Rezaul Karim and chartered accountant Khandaker Mamun. They have been appointed as the bank’s independent directors.
The others are – Md Nazrul Islam Shopon, who holds 3.54 per cent share of the bank, Md Nurul Amin holds 2 per cent and Anjan Kumar Saha holds 2 per c ent.
Nazrul Islam is the chairman of the Bangladesh Association of Banks (BAB), the banks owners’ organisation.
The two independent directors are SM Rezaul Karim, former executive editor of Bangladesh Bank and Khandoker Mamun, a chartered accountant.