Islami Bank removes Vice-chairman Syed Ahsanul

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Syed Ahsanul

MNA Business Desk: Vice-chairman of Islami Bank Bangladesh Limited (IBBL) Syed Ahsanul Alam has been removed from his post.

The decision was taken at the 34th Annual General Meeting of the bank held at Kurmitola Golf Club in the city on Tuesday with IBBL Chairman Arastoo Khan in the chair.

After the meeting, the IBBL chairman briefed reporters on the meeting’s outcome.

As per the decision the bank will now have only one vice-chairman and Yousif Abdullah Al-Rajhi, a foreign director of the bank, will continue with his post of vice-chairman.

“From now on, there will be one vice-chairman in IBBL, as having two vice-chairmen is meaningless,” the chairman said.

Meanwhile, then managing director Abdul Mannan and a number of directors had resigned from the bank.

Recently, a conflict among the bank directors came to light following statements and counter-statements by Ahsanul Alam and Arastoo Khan.