BB forms new board for SIBL

BB forms new board for SIBL

Bangladesh Bank (BB) has dissolved the board of directors of the Social Islami Bank Limited (SIBL).
The central bank has also formed a new board for SIBL with the appointment of five independent directors at the Shariah-based lender, according to a letter issued by the central bank Sunday.
Major (retd) Dr Md Rezaul Haque, the bank founding shareholder, has been appointed as the director of the new board.
The four independent directors are - Maksuda Begum, a former executive director of the Bangladesh Bank, Dr M Sadiqul Islam, a professor at the Department of Finance at Dhaka University, Md Morshed Alam Khandkar, a former deputy managing director of Rupali Bank, and Chartered Accountant Md Anwar Hossain.