Central Bank dissolves IFIC board, appoints director

by times news cr

2024-09-06 03:02:36

Senior Correspondent || risingbd.com

Published: 20:17, 4 September 2024 Updated: 20:22, 4 September 2024

The central bank dissolved the board of directors of IFIC Bank, which was held by Salman F Rahman. At the same time, Bangladesh Bank has formed a new board by appointing 6 directors including four independents.

Central Bank dissolves IFIC board, appoints director

On Wednesday (September 4), in an order of Bangladesh Bank, IFIC Bank’s board has been restructured by appointing independent directors and canceling the board.

The order sent to the managing director of IFIC said that the board of directors of the bank has been dissolved and a new board has been formed to protect the interests of the depositors and the bank and to ensure good governance.

Those who have been appointed as independent directors in the new board are – former managing director of National Bank. Mehmud Hossain, former executive director of Bangladesh Bank Ebtadul Islam, BRAC Bank economics professor Sajjad Zahir, chartered accountant Kazi Md. Mahbub Kashem.

Apart from this, the nominated directors of the government are the Additional Secretary of the Finance Department of the Ministry of Finance. Golam Mostafa and Joint Secretary Manjurul Haque. The government has 32.75 percent stake in the bank.

nf//

You may also like

Leave a Comment