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Rick Sikder loses National Bank directorship over default loans

  • Published at 07:40 pm June 29th, 2021
Rick Haque Sikder
Rick Haque Sikder Collected

The central bank did not extend his tenure, according to a letter sent by Bangladesh Bank (BB) to the National Bank

Rick Haque Sikder has been relieved from his director post at National Bank (NBL) due to his status as a loan defaulter. 

The central bank did not extend his tenure, according to a letter sent by Bangladesh Bank (BB) to the National Bank on Sunday.

It has been reported that Rick Haque Sikder was elected as the new director of NBL earlier in October last year at the banks' annual general meeting, but without the BB's prior approval.

The central bank had reportedly informed NBL numerous times to formally seek approval for Sikder's directorship.

Following a formal application, the central bank found that he was not issued a Credit Information Bureau (CIB) clearance, as his loans were not cleared for a long time, making him a defaulter.


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It was also found that another company had gone bankrupt, with Rick Haque Sikder as its director. As a result, he was not issued a CIB clearance.

Speaking to several media outlets, a central bank spokesperson said that Rick Haque Sikder's interest-bearing company had defaulted loans and there was no opportunity for him to be appointed as a director of the bank under the Banking Companies Act.

However the central bank has assured that Rick Haque's position as director would be reinstated if he repays the loan.

According to the report of the Financial Intelligence Unit published in January of 2020, over Tk60 crore was transferred to numerous bank accounts linked to members of the board of directors of National Bank. 

Of that, Tk23.8 crore was deposited in the account of Rick Haque Sikder.

The financial intelligence unit prepared the report at the request of the Anti-Corruption Commision that launched an enquiry against Hasan Telecom chairman Arif Hasan on allegations of amassing illegal wealth and money laundering.