Corporate
National Bank under provision deficit and intense financial crisis
Private Commercial National Bank has been suffering from severe financial crisis for two years. The bank is now planning to raise 100 million dollars or 1000 crores of funds from foreign sources through foreign bond issue to fulfill the regulatory capital requirements.
Meanwhile, Bangladesh Bank is planning to appoint an administrator to the bank, which is facing a provision deficit and financial crisis.
According to the data of Bangladesh Bank, the bank’s capital deficit at the end of June this year stood at Tk 300 crore and due to high non-performing loans, the bank also faced a huge provision deficit of Tk 7,115 crore in June. Provisions are funds set aside by banks to compensate for future losses.
According to information published on the Dhaka Stock Exchange (DSE) website on Sunday, the board of directors of the bank has decided to issue seven-year bonds worth $100 million in foreign currency subject to the approval of regulatory authorities.
National Bank will be the first private bank to issue foreign currency bonds to raise funds from foreign investors.
Managing Director of the bank. Mehmood Husain, when contacted, said the fund had to be raised due to high non-performing loans eroding the bank’s capital.
Mehmood Husain said that they are trying to collect funds from US and UK-based investors. Foreign funds are not just banks; He commented that it will be good for the country.
The board of directors of the bank has approved the foreign currency bond as we have received preliminary assurances from the foreign investors after informing them about the high non-performing loans and the current financial situation, he said. The main reason behind the investment by foreign investors is that the bank’s asset base is quite strong.
He said that he wants to reorganize the bank’s business strategy by focusing on the SME sector to get out of the dependence on corporate loans.
As part of this, the bank plans to strengthen its capital by raising funds from domestic and foreign sources. Earlier in May, the bank announced to raise Tk 500 crore from domestic sources by issuing subordinated bonds to meet regulatory capital requirements.
National Bank’s capital adequacy ratio (CAR) for risk-weighted credit exposure stood at 9.38pc in June, which is required to be at least 10pc as per the regulatory body’s conditions.
According to Bangladesh Bank, the bank’s capital deficit at the end of June this year stood at Tk 300 crore. Increasing defaults due to huge loan non-conformities squeeze the bank’s capital.
The bank’s non-performing loan ratio stood at 23.24pc in June, the second highest among private sector banks. The bank also faced a huge provision deficit of Tk 7,115 crore in June as a result of high non-performing loans.
Provisions are funds set aside by banks to compensate for future losses. High NPLs require banks to maintain higher provisioning, which is collected from profits.
A growing provisioning deficit erodes banks’ capital which constricts banks’ ability to lend, putting public money at risk.
The bank posted a loss of Tk 190 crore in the first six months of this year under the pressure of growing provision deficit and capital loss.
Even after Bangladesh Bank appointed an observer to the board of directors of the bank in 2014, the financial condition of the National Bank has been deteriorating for the past two years. The bank’s share price on DSE has remained below the face value of Tk 10 for the last two years due to deteriorating financial indicators.
Bangladesh Bank identified the bank as one of the 10 weakest banks after new governor Abdur Rauf Talukder took charge. In a recent press conference, the governor said about identifying 10 weak banks, the central bank will sit with them one-on-one to improve the condition of the banks.
Banks are classified on the basis of their capital shortfall, NPL ratio, provisioning and loan-deposit ratio.
The governor has already held a meeting with the owners and top management on the financial performance of the National Bank. The central bank is now planning to appoint an administrator to the bank, a Bangladesh Bank source said.
Bangladesh Bank suspended the loan operations of the bank in May last year in the context of liquidity crisis caused by huge loan irregularities.
The moratorium was later lifted in December when liquidity conditions improved. But even after the long moratorium, the central bank was forced to go into moratorium again in May this year due to the continued irregularities in the bank loans. However, this time Bangladesh Bank limited the credit sector by giving a partial suspension.
Corporate
China Invites Youth from Bangladesh and Other Countries to Join “AI World Heritage & Zheng He Legacy” Poster Competition
Young people from Bangladesh and countries along the historic Maritime Silk Road have been invited to participate in the international creative poster design competition titled “AI World Heritage & Zheng He Legacy,” which aims to promote cultural exchange, world heritage awareness, and the enduring spirit of the famed Chinese navigator Zheng He.
Organized to commemorate the historical legacy of Zheng He and strengthen people-to-people ties among countries connected by the Maritime Silk Road, the competition encourages participants to use artificial intelligence and digital creativity to explore the relationship between world heritage sites and maritime history.
More than 600 years ago, Zheng He, a renowned Chinese explorer from Yunnan Province, led seven historic voyages across Asia, the Middle East, and Africa. His journeys passed through the Strait of Malacca, crossed the Indian Ocean, and reached the eastern coast of Africa, facilitating trade, cultural exchange, and friendship among diverse civilizations.
The competition is open to young people from Bangladesh, China, Indonesia, Malaysia, Sri Lanka, Pakistan, Nepal, and other countries. Eligible participants include university students, young designers, cultural and creative professionals, and individuals engaged in heritage conservation and cultural development.
Participants are required to create posters incorporating at least one UNESCO World Heritage element from their own country. For Bangladesh, eligible heritage sites include the Sundarbans and the Ruins of the Buddhist Vihara at Paharpur. Designers may also draw inspiration from Zheng He’s voyages and heritage sites in other countries along the Maritime Silk Road.
The organizers encourage the use of AI tools in the creative process, although traditional drawing techniques and design software may also be incorporated. Participants must submit a design statement explaining their creative inspiration, the use of AI technology, and the significance of the selected heritage elements.
The submission period will run from June 6 to July 10, 2026, followed by a judging phase from July 11 to July 25. Winning works will be showcased in online exhibitions in China, while selected offline exhibitions will take place in Jakarta, Indonesia, and Colombo, Sri Lanka.
A professional jury comprising heritage experts, cultural institution leaders, university scholars, and media representatives will evaluate entries based on cultural authenticity, artistic expression, technical quality, and communication effectiveness.
The competition offers attractive prizes, including a First Prize of RMB 3,000, three Second Prizes of RMB 1,000 each, five Third Prizes of RMB 500 each, and twenty Excellence Awards. Winners will receive certificates, while Excellence Award-winning works will be featured in offline exhibitions.
Participation is free of charge, and there is no limit on the number of submissions. Entries must be submitted digitally in JPG, JPEG, or PNG format and sent to the official email address chinanewsyn@163.com.
Organizers expressed hope that the initiative will strengthen cultural dialogue among nations, enhance appreciation of world heritage, and inspire young people to use innovative technologies to tell stories of shared history and friendship across borders.
Corporate
International Lei Feng Spirit Promotion Team from Sanming University Visits Liedong Middle School for Cultural Exchange
In a vibrant display of cross-cultural friendship and shared values, the International Lei Feng Spirit Promotion Team from Sanming University was invited to Liedong Middle School in Sanming City on the afternoon of March 25. The visit coincided with the launch ceremony for the third season of The Glow Project: Youth in Community Service and the presentation of the fourth phase results for the “7+1” Diverse Ethnic Fusion Second Classroom.
Foreign teachers and international students joined local middle school students in a lively gathering that interpreted Lei Feng’s spirit through a global lens while fostering dialogue on Chinese and international cultures. The event created a harmonious melody of youth-driven kindness and cultural integration.
This event successfully integrated the promotion of Lei Feng’s spirit with an international perspective, breathing new life into the spirit through cross-cultural exchange. By leveraging the platforms of The Glow Project: Youth in Community Service and the “7+1” Diverse Ethnic Fusion Second Classroom, it further strengthened inter-school cooperation between Sanming University and Liedong Middle School. The activity also deepened mutual understanding and friendship among Chinese and foreign youth, as well as among young people from different ethnic backgrounds.
Mohammad Saiyedul Islam, a Bangladeshi foreign teacher and head of the International Lei Feng Spirit Promotion Team at Sanming University, led the team’s participation throughout the activity. He delivered an inspiring speech titled “Small Actions, Big Impact: How Can We Be Like Lei Feng — A Global Perspective?” Drawing on personal experiences and real-life examples, He illustrated the enduring vitality of Lei Feng’s spirit on modern campuses and in international exchanges. He also emphasised the core values of selfless dedication and willingness to help others, noting that Lei Feng’s spirit is not only a treasure of Chinese culture but also a universally admired quality cherished by humanity. The speech resonated deeply with teachers and students in attendance.
International students from Sanming University also stepped forward enthusiastically to share stories about their home countries’ unique cultures, customs, and traditions. They engaged in warm interactions with Liedong Middle School students, who in turn shared insights about China’s excellent traditional culture and the distinctive cultures of various ethnic groups. The atmosphere was lively and harmonious, successfully building a bridge for Sino-foreign cultural communication and multi-ethnic cultural integration.
Participants expressed their commitment to using this exchange as an opportunity to carry forward Lei Feng’s spirit. They pledged to spread warmth through small acts of kindness, serve as ambassadors of cultural exchange, and let their youth shine brightly through dedication and cultural blending.
The event highlighted how Lei Feng’s legacy of helping others continues to inspire young people across borders and cultures, contributing to a shared sense of national and global harmony.
The new Executive Committee of Wikimedia Bangladesh, the officially recognized local chapter of the Wikimedia Foundation, has been elected for the 2026–27 term. A 9-member Executive Committee was formed through a vote by members during the organization’s Annual General Meeting on January 17. Subsequently, the new leadership of the organization was determined during the committee’s first meeting on February 8.
In this committee, Tanvir Rahman has been elected as President, Md. Delwar Hossain as Secretary, and Shakil Hosen as Treasurer. The other members of the Executive Committee are Moheen Reeyad, Shabab Mustafa, Subrata Roy, Dolon Prova, Mayeenul Islam, and Tanbin Islam Siyam.
Founded by Wikipedians in Bangladesh, this organization was recognized as the 39th chapter of the Wikimedia Foundation on October 3, 2011. Later, on June 9, 2014, it was registered as a non-profit foundation in Bangladesh under the Societies Registration Act.
Wikimedia Bangladesh believes in the vision of a world where every human being can share in the sum of all human knowledge. Considering the right to education and knowledge as a human right, this organization works toward the creation, collection, and dissemination of open knowledge at all levels of society. Although the content of Wikipedia and other Wiki projects is created by volunteers, the organization’s goal is to encourage this unique community in digital volunteering and support them in achieving their objectives.
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