Salman F Rahman removed, Mehmud Hossain new chairman of IFIC Bank

Bangladesh Bank (BB) has formed a new board of directors of IFIC Bank PLC removing Salman F Rahman from it.

The central bank has formed a six-member board of directors led by former managing director of National Bank Limited (NBL) Md Mehmud Hossain, according to a letter issued by the Bangladesh Bank on Wednesday.

It appointed four independent directors and two representatives from the government.

The independent directors are former managing director of the National Bank Limited (NBL) Md Mehmud Hossain, former executive director of the Bangladesh Bank Ebtadul Islam, Professor of the Department of Economics of BRAC University Sazzad Zahir and Chartered Accountant Kazi Md Mahbub Kashem.

Representatives from the government are Additional Secretary of the Finance Division Md Golam Mostafa and Joint Secretary of the Finance Division Muhammad Manzarul Haque.

END/SZA