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Published:
2019-08-21 11:06:00 BdST

New managing directors appointed to state-owned Sonali, Agrani and Rupali banks


The government has appointed new managing directors to three state-owned commercial banks, Sonali, Agrani and Rupali.

The Financial Institution Division's Commercial Bank Unit issued a circular, signed by its Deputy Secretary Mohammad Abdul Awal, in this regard the government has swapped managing directors of two state-owned commercial banks (SCBs) – Sonali Bank and Rupali Bank.

The Financial Institution Division's Commercial Bank Unit issued a circular, signed by its Deputy Secretary Mohammad Abdul Awal, in this regard on Tuesday evening. 

Rupali Bank's Managing Director (MD) and Chief Executive Officer (CEO) Md Ataur Rahman Prodhan secured a contractual appointment to the same post at Sonali Bank Ltd for next three years tenure, while Sonali Bank's MD and CEO Md Obayed Ullah Al Masud assumed the top post at Rupali Bank for the same tenure. 

Agrani Bank's MD and CEO Mohammad Shams-Ul Islam is retaining to his post for another three-year term.

Meanwhile, Bangladesh Bank's Board of Directors member Dr Jamaluddin Ahmed, FCA, has been appointed as Chairman of the board of state-owned Janata Bank Ltd, the circular added.

Bangladesh Bank's former deputy governor Ziaul Hasan Siddiqui will lead Sonali Bank's board of directors.

Sources said Dr Zaid Bakht would continue to the chair of the board of Agrani Bank Ltd, while Monzur Hossain will be heading as chair of Rupali Bank Ltd.

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