IBBL vice chairman Ahsanul removed

Economic Desk: The board of directors of Islami Bank Bangladesh Ltd (IBBL) removed Syed Ahsanul Alam from his post of vice chairman at the bank following the demands made by shareholders.

Ahsanul, however, will continue as an independent director and there will be one post of vice chairman at the bank from now on.

The decision was taken at the board meeting held immediately after the bank’s 34th Annual General Meeting (AGM) at Kurmitola Golf Club on Tuesday.

The board has decided to keep one post of vice chairman and Yousif Abdullah Al-Rajhi will continue with this post, Arastoo Khan, chairman of the bank, told reporters after the board meeting.

He said Ahsanul has been removed from the post of vice-chairman but he will act as an independent director at the bank.

Ahsanul, who joined the bank in May 2016, was not seen to be present at the AGM and board meeting held today.

risingbd/DHAKA/May 23, 2017/Nasir/Amirul