The government has appointed four new directors to the scam-hit Basic Bank board for three years as they have obtained clearances from the Credit Information Bureau (CIB) of Bangladesh Bank.

Banking division of the finance ministry yesterday issued a circular, which was signed by deputy secretary of the division Md Motiur Rahman.

The newly appointed directors are fellow of chartered accountant Hasan Mahmud, former managing director of Bangladesh House Building Finance Corporation Raihana Anisa Yusuf Ali,  joint secretary of banking division Mamun Al Rashid and Professor of Accounting and Information System Department of Dhaka University Dr Muzib Ahmed.

As soon as additional secretary of the ministry of industries Begum Porag and former deputy managing director of the commerce bank Md Asaduzzaman get the CIB clearances, both of them will be appointed as directors of the bank.

Talking to the reporters, Bank and Finance Institutions Division secretary Dr M Aslam Alam said the four new directors were appointed as they got clearance from Bangladesh Bank.

“Banking division will signed a performance guarantee contract with the all state owned banks as there had no responsibility and accountability in the banking sector before,’’ he added.

Under this performance guarantee contract, the Banking division will evaluate the performances of the chairman and board of directors within six months, he also said.

Three days after accepted the resignation of Basic Bank chairman Sheikh Abdul Hye Bacchu, the Bank and Financial Institutions Division under finance ministry on Sunday dissolved board of directors of the bank and appointed Alauddin A Mojidas it chairman

Bacchu, the main accused behind BASIC Bank’s current financial straits, handed his resignation letter to Finance Minister AMA Muhith Friday  evening.

The move comes just two months before the expiry of his second term as chairman of the troubled bank.