DHAKA, May 5, 2024 (BSS) - The Bangladesh Bank (BB) today once again dissolved the National Bank board.

The central bank informed the managing director of National Bank through a letter about the cancellation of the bank's existing board of directors.

The banking regulator also formed a new board of directors and set the bank's sponsor director Khalilur Rahman as the new chairman, the BB letter read.

Commenting on the matter, spokesperson of the Bangladesh Bank Mezbaul Haque said the move was adopted for the purpose of strengthening the bank's board of directors.

Earlier in 2023, the central bank ordered the dissolution of the board of National Bank and formed a new board.