2024-09-02 12:33:30
Published: 10:40, 2 September 2024
Bangladesh Bank has dissolved and reorganized the board of First Security Islami Bank under the control of S Alam Group. The central bank has appointed 5 independent directors including a chairman in the bank.
On Sunday (September 1), Bangladesh Bank dissolved and reorganized its board.
According to the order of the central bank, 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. All members of the new board are independent directors. Through this, Bangladesh Bank dissolved the board of all the banks owned by S Alam Group.
Earlier Bangladesh Bank dissolved the board of five banks under the control of S Alam Group. The banks are – Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank and Bangladesh Commerce Bank.
Mohammad Abdul Mannan, former managing director of Islami Bank, has been appointed as the chairman of the bank. Besides, independent directors are the former executive director of Bangladesh Bank. Azizur Rahman, former deputy managing director of Uttara Bank. Abdul Quddus, Associate Professor of Accounting and Information Systems Department of Dhaka University. Saiful Alam and Chartered Accountant. Ragib Ahsan
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