2024-09-04 01:04:35
Published: 22:39, 3 September 2024
This time, the central bank dissolved the board of directors of Al-Arafah Islami Bank. At the same time, Bangladesh Bank has reorganized the board of directors by appointing independent directors in the bank.
On Tuesday (September 3), Bangladesh Bank dissolved the board in an order, in which a new board of directors was reconstituted.
According to the order sent to the managing director of the 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.
Former Managing Director of Lanka Bangla Finance Khawaja Shahriar has been made the chairman in the new board of Al-Alafah Islami Bank.
In addition, the independent directors are – former executive director of Bangladesh Bank. Shaheen Ul Islam, former deputy managing director of NRB Bank. Abdul Wadud, Professor M Abu Yusuf of Dhaka University Department of Development Studies and Chartered Accountant Mohammad Ashraful Hasan.
Earlier, the central bank dissolved and restructured the boards of directors of several banks controlled by the S Alam Group. These are – Islami Bank Bangladesh, Social Islami, Global Islami, Union, National Bank, UCB, Exim Bank and First Security Islami Bank. Al-Arafah Islami Bank was added to the list of board restructuring today.
NF/NH