NRB Commercial Bank MD removed

NRB Commercial Bank Managing Director and Chief Executive Officer Dewan Mujibur Rahman

Dhaka, Bangladesh (BBN) – The central bank of Bangladesh on Wednesday removed NRB Commercial Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Dewan Mujibur Rahman on charges of violating rules and regulations in sanctioning loans.

Mr. Rahman was also barred from taking employment, directly or indirectly, at any banks for a period of two years, a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.

BB Governor Fazle Kabir has issued the order as per recommendations of the central bank’s standing committee.

The BB’s standing committee had recommended to the governor for removal of the NRB Commercial Bank Limited (NRBCBL) MD and CEO as the statement of Mr. Rahman was not accepted by it, the central banker explained.

“We’ve already sent the order to the chairman of the fourth generation private commercial bank for taking necessary action in this connection,” the BB official said while replying to a query.

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