The Bangladesh Bank has dissolved the EXIM Bank board, and formed a new board with three shareholder directors and two independent directors.
The central bank issued a notification in this regard on Thursday.
The new shareholder directors are – Md Nazrul Islam Swapan, Md Nurul Amin, and Anjan Kumar Saha. They were also the board members when Md Nazrul Islam Mazumder was the bank chairman.
Nazrul is also the chairman of Bangladesh Association of Banks (BAB), the banks owners’ organization.
The two independent directors are SM Rezaul Karim – a former executive director of the Bangladesh Bank; and Khandoker Mamun, FCA – a chartered accountant.
Md Nazrul Islam Mazumder is a controversial businessman who had good ties with the Hasina regime. He fled the country just two days before the regime’s fall. His main business is export oriented RMG products and an enterprise named NASA group.
The Bangladesh Financial Intelligence Unit (BFIU) recently froze his and his family’s bank accounts on August 25. This directive came under the Prevention of Money Laundering Act.
The Shariah based Export Import Bank of Bangladesh PLC (EXIM) launched in 1999. It gained around Tk 338 crore profits in 2023, which was around 10 per cent lower compared to the previous year.
