Bank & Insurance, Business

NBL MD Abdul Bari gets extension for another year

Published : 22 Jul 2021 01:37 PM | Updated : 24 Jul 2021 12:43 AM

The contractual appointment of Shah Syed Abdul Bari as the Managing Director and CEO of National Bank Limited, a leading first-generation private bank of the country, has been extended for another year.

The board of directors at its 448th meeting, held virtually on July 14 with its Chairperson Monowara Sikder in the chair, unanimously confirmed the extension of the managing director’s appointment until July 27, 2022.

The confirmation, which followed a prior approval of the Bangladesh Bank, came before the expiry of his current contract on July 27, according to an NBL press release.

Earlier, Abdul Bari was a deputy managing director of NBL where he joined as a senior executive vice-president in 2015 and was promoted to the position of DMD in 2016.

Abdul Bari embarked on a banking career through his first job with Arab Bangladesh Bank in 1983 after completing his post-graduate degree in social welfare from the Dhaka University the same year.

In his long 38 years banking career, he worked in branch banking for 12 years and later successfully served different banks, including National Bank, Mercantile Bank, Prime Bank American Express Bank, in different capacities.

Abdul Bari served general banking division, credit administration division, card division, human resources division, internal control and compliance division, system and operation division, agriculture credit division, risk managing division, law and recovery division, IT division, public relations division, marking division, CSR section, and training institutes. He also successfully performed as credit risk management superintendent and divisional head, chief anti-money laundering and compliance officer (CAMLCO), and Chattogram regional head.

The NBL board of directors expects Abdul Bari will make full use of his long experience to ensure that the country’s one of the top private banks attains remarkable progress in different indicators, the release said.

NBL has been serving its clientele for the last 39 years at home and abroad maintaining its goodwill. The deposit of the bank has already crossed Tk 41,000 crore.