National Bank PLC controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
2022
Fine over loan and credit-card reporting
Bangladesh Bank fined National Bank after identifying undisclosed or improperly reported information concerning loans and credit-card use involving 11 individuals.
2022
Investigation involving Sikder family members
The Appellate Division upheld an order allowing anti-corruption, criminal-investigation, and financial-intelligence authorities to investigate alleged money laundering involving Ron Haque Sikder and family members.
2022
Bangladesh Bank fines National Bank over credit-card reporting violations
Fine or penalty
Bangladesh Bank fined National Bank Tk 55 lakh after a probe found the bank had not submitted credit-card loan information for 11 people. A Bangladesh Bank official said the bank allowed spending beyond foreign-currency limits and described the spending as money laundering; the article reports these as the official’s claims.
Source excerpt
National Bank did not submit the loan information of credit cards used by the 11 persons.
The banking regulator imposed the fine in December and this month, the official said.
The Bangladesh Bank has fined National Bank Tk 55 lakh as it tried to conceal loan related information of 11 persons, which is a gross violation of the banking rules.
2021
Regulatory scrutiny of lending and governance
Bangladesh Bank imposed lending restrictions, requested information about several borrowers, reviewed director-linked exposures, and required action concerning the managing director.
2015
Karwan Bazar construction collapse
A National Bank office tower under construction collapsed, causing a neighboring building and roadway to suffer a cave-in. The bank was criticized by Dhaka's mayor for allegedly failing to cooperate in dealing with the incident.