The government has initiated a major shakeup in the positions of managing directors, CEOs and chairmen of the top state-run banks like Sonali Bank, Agrani Bank, Janata Bank and Rupali Bank. The Financial Institutions Division of the Ministry of Finance issued official letters in this regard on Tuesday. Managing Director and CEO of Rupali Bank Ltd., Ataur Rahman Pradhan has been appointed contractually in the same position of the country's largest nationalised commercial bank, Sonali Bank while Managing Director and CEO of Sonali Bank, Obaied Ullah Al-Masud has been appointed contractually for three years and transferred to Rupali Bank in the same position.
Managing Director and CEO Agrani Bank Limited, Shams ul Islam has been awarded with a fresh extension of three years and posted to the same bank in the same position. The letters, signed by Deputy Secretary (DS) of the Financial Institutions Division of the Ministry of Finance, Mohammad Abdul Awal also said that General Secretary of Bangladesh Economic Association (BEA), renowned Economist, Dr. Jamal Uddin Ahmed has been appointed as Chairman of the second largest nationalized commercial bank, Janata Bank Ltd. and former Deputy Governor of Bangladesh Bank, Ziaul Hasan Siddiqui has been given fresh appointment as the Chairman of Sonali Bank Limited.
All the fresh appointments and extension or contractual appointments for the MDs and Chairmen have been given for a three years term. The newly appointed Chairman of Janata Bank, Dr. Jamal Uddin Ahmed was the Director of Bangladesh Bank and he has already resigned from the position of Director and is expected to assume his new office within this week.
Obaied Ullah-Al Masud, the former MD of state run, Karmasangsthan Bank, was appointed as the Managing Director of Sonali Bank on August 16, 2016, MD of Prabashi Kalyan bank, Ataur Rahman Pradhan was appointed as MD of Rupali Bank and MD of Ansar VDP Development Bank, Md. Shamsul Islam was appointed as MD of Agrani Bank on the same date.
Sources said, performance of all the managing Directors and CEOs of Sonali, Agrani and Rupali Bank were satisfactory in their tenure of last three years which has been considered positively behind their reappointment contractually.
No new incidences of big volume credit default were detected in any of those banks and their performances in terms of all other sectors including governance, risk management, recovery etc were comparatively positive, that is why the Chairmen of those banks also recommended their continuation in the same position.
