2024-09-03 01:21:34
Published: 23:00, 1 September 2024
Long-term debt irregularities in the banking sector, chaos is going on. The central bank is disbanding one bank board after another to bring back good governance in this sector. At the same time, Bangladesh Bank has reorganized the board of banks. Seeing that, the Awami-controlled Mercantile Bank hastily changed its chairman to keep itself as it is, especially to protect the board. Director of Entrepreneurship. Anwarul Haque has been elected as the chairman of the bank’s board of directors by the current board. Earlier, former A.League MP and prominent businessman Morshed Alam was removed from the post of chairman of the bank.
This decision was taken in the 448th meeting of the bank’s board of directors on Sunday (September 1).
It has been reported from the bank, before this. Anwarul Haque served as Vice Chairman, Chairman of Executive Committee and Chairman of Risk Management Committee. Besides, he is the Managing Director of Anwarul Haque Living Plus Limited. He is associated with various financial institutions and businesses. Apart from business, he is involved in social and cultural activities. He is a member of Gulshan Club, Dhanmondi Club and Uttara Model Club Limited.
Mercantile Bank was established in 1999. One of the founders of the bank is former general secretary of Awami League late Abdul Jalil. He was the chairman of the bank for a long time. Most of the entrepreneurial directors of the bank are involved in Awami League politics. After the resignation of the Sheikh Hasina government, the board of many banks was dissolved, but there was no change in the management of this bank. However, there is unrest within the bank due to the conflict between the two factions of the A.L.
Since Abdul Jalil’s death in 2013, his family members have individually held less than 2 percent of the bank’s shares. As a result, the Jalil family lost control of the board of directors. Bangladesh Bank has dissolved the previous board of directors of several banks after forming an interim government to bring the bank back from chaos due to various irregularities in the banking sector, disbursement of loans by monopolizing the board of directors. At the same time, the councils have also been restructured. Mercantile Bank also prevailed in this panic. Because of this, former MP of A.League and prominent businessman Morshed Alam resigned from the post of chairman of the bank. And that is done to retain the current board of the bank. This time, the board of directors has achieved a step by electing a new chairman.
NF/NH