BAB gets new chairman after 17 years of control by a single person

Dhaka Bank Chairman Abdul Hai Sarkar has been elected as the Chairman of Bangladesh Association of Banks (BAB), the organization of private banks owners to replace Exim Bank's former chairman Nazrul Islam Majumdarr in the post.

Besides, the First Security Islami Bank Chairman Abdul Mannan and Bank Asia Chairman Romo Rauf Chowdhury elected vice-chairman of BAB. In BAB general meeting on Monday, a new committee was formed making them chairman and vice chairman.

After over 17 years, new leadership came to the organization. Nazrul Islam Mazumder was BAB chairman from January 2008. 

Bangladesh Bank removed him from the post of EXIM Bank director and its chairman after the fall of the Awami League government and it follows his removal from BAB's chairman

In the reshuffle several EXIM Banks directors including two vice-chairmen lost their posts. Abdus Samad Labu, the former chairman of Al-Arafah Islami Bank, was the vice chairman of this committee. He is the brother of Saiful Alam, Chairman of S Alam Group. 

The other vice chairman was United Commercial Bank (UCB) vice chairman Anisuzzaman Chowdhury. He is the brother of former land minister Saifuzzaman Chowdhury. They have been also removed from their respective banks by Bangladesh Bank.

The new chairman Abdul Hai Sarkar was born in Sirajganj. He is the former Chairman of Bangladesh Textile Mills Association (BTMA); Former Vice President of Bangladesh Association of Banks (BAB) and former Director of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI) amog his involvement in many others organizations and businesses.