The government has appointed two new directors of International Finance and Investment Corporation (IFIC) Bank from its stake.

The Banking Division of the Finance Ministry Tuesday issued a circular in this regard.

As per the circular, Arijeet Chowdhury, Joint Secretary of the Banking Division has been appointed director of IFIC Bank to replace Mahbub Haque Bhuiyan, the existing director of the bank and also Chairman of the Bangladesh Sugar and Food Industries Corporation (BSFIC).

ARM Nazmul Sakib, Additional Secretary of the Finance Division will replace Joint Secretary Mohammad Ali, the other director of the bank.

The government now holds 32.75 percent of the share of IFIC bank.

The Daily Sun/Bangladesh/ 20th June 2012