Board of EXIM Bank reconstituted

Bangladesh Bank (BB) has reconstituted the board of directors of EXIM Bank, removing its long-standing chairman, Mr. Nazrul Islam Mazumder.

The decision, taken on Thursday by the central bank of Bangladesh, aims to protect the interests of depositors and ensure better governance within the bank.

The central bank has appointed three new shareholder directors: Md. Nurul Amin, Nazrul Islam Swapan, and Anjan Kumar Saha.

Additionally, former Executive Director of Bangladesh Bank, SM Rezaul Karim, and Chartered Accountant Khandaker Mamun have been appointed as independent directors.

Mr. Mazumder, who had served as chairman since 2007 and concurrently as the president of the Bangladesh Association of Banks (BAB) for nearly a decade and a half,

One of the newly appointed directors will be elected as the chairman of EXIM Bank.

The Central Bank communicated these changes to the bank's managing director through a formal letter, citing its authority under the Bank Company Act to restructure the board in order to safeguard the interests of depositors and to enforce sound banking governance.

[email protected]