Government nominates new managing directors for BASIC, Janata and Agrani banks
The government has nominated three bankers as managing director (MD) and chief executive officer (CEO) of three state-owned commercial banks — BASIC Bank PLC, Janata Bank PLC and Agrani Bank PLC. Their contractual appointments have been approved for three years.
The information was confirmed in separate notifications issued on Monday by the state-owned commercial bank-1 branch of the Financial Institutions Division of the Ministry of Finance. The notifications were signed by Deputy Secretary Afroza Akter Riba.
Under the announced decision, Janata Bank's current Deputy Managing Director Md Nurul Huda has been nominated to take charge as MD of BASIC Bank PLC.
Southeast Bank's Additional Managing Director and Chief Risk Officer Md Mahbub Alam has been recommended to take charge as the new MD and CEO of Janata Bank PLC.
Jamuna Bank's Deputy Managing Director Noor Mohammad has been recommended to take charge as the new MD and CEO of Agrani Bank PLC.
The Financial Institutions Division's directive says the nominated officials will serve in the contractual posts for three years from the date they join their respective institutions.
The boards of directors of the banks concerned have been requested, by order, to complete the final appointment process following all the rules under the Bank Companies Act, 1991.
