Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has dissolved the previous board of Premier Bank and appointed a new six-member board of directors.
Central bank's acting spokesperson Mohammad Shahriar Siddiqui confirmed the development to media on Tuesday.
In the newly reconstituted board, Dr Arifur Rahman has been appointed as a director representing the bank's sponsor shareholders.
The independent directors are former Bangladesh Bank executive director Md Forkan Hossain, former additional managing director of United Commercial Bank Syed Faridul Islam, former deputy managing director of Bank Asia Md Sazzad Hossain, IBA professor at Dhaka University Sheikh Morshed Jahan, and FCS Chartered Secretary M Nurul Alam.
With this move, the central bank has so far reconstituted the boards of 15 banks since 15 August.
These include Islami Bank, Social Islami Bank, IFIC Bank, UCBL, Exim Bank, First Security Islami Bank, Al-Arafah Islami Bank, Global Islami Bank, Union Bank, National Bank, NRB Bank, NRBC Bank, Meghna Bank, and BCBL.
BBN/SSR/AD