Dhaka, Bangladesh (BBN) - The central bank has reconstituted the board of directors of the IFIC Bank PLC with four independent directors and two shareholders directors.
The Bangladesh Bank dissolved the private bank's existing board headed by Salman F Rahman, an adviser to the recently ousted prime minister Sheikh Hasina, and appointed a new six-member board, according to a notification, issued by the central bank on Wednesday.
Mr Salman’s son Ahmed Shayan Fazlur Rahman was the vice chairman of the bank, and he resigned from this position after the fall of Hasina regime.
The independent directors are the former managing director of the National Bank Limited (NBL) Md Mehmud Hossain, former executive director of the Bangladesh Bank Ebtadul Islam, BRAC University's economics professor Sazzad Zahir and chartered accountant Kazi Md Mahbub Kashem.
Representatives from the government are the Additional Secretary of the Finance Division Md Golam Mostafa and Joint Secretary of the Finance Division Muhammad Manzarul Haque, who has a 32.75 per cent share in the bank.
BBN/SSR/AD