BB decides to dissolve Islami Bank board 

Bangladesh Bank has decided to dissolve the board of Islami Bank, controlled by S Alam Group.

Bangladesh Bank Governor Ahsan H Mansur said this at a press conference at its board room on Wednesday (August 21).

Islami Bank’s board will be small in size, and independent directors will be appointed within one and two days, he said. 

Currently, among the directors, former shareholders do not hold 2% or more shares. Subsequently, former directors holding 2% of share capital will be taken on the board, he said.