Islami Bank directors call for security after threats

Posted by BankInfo on Sun, May 14 2017 06:59 am

Star Business Report

The directors of Islami Bank Bangladesh yesterday demanded security after one of the directors received a threat to quit from the bank's board.

“Though it is not a big issue we took it seriously and urged our chairman to take precautionary measures,” said Abdul Matin, chairman of the bank's executive committee.

The bank will also request the central bank to ensure security for IBBL directors, he said. The directors voiced their concern at a board meeting.

Earlier on Thursday,  Syed Ahsanul Alam, vice-chairman of IBBL, posted on his Facebook page that he is under pressure from some groups to resign from the bank.

He hinted that some high officials of the bank are corrupt and still bear the anti-liberation spirit.

At the board meeting, Alam described how he was threatened without disclosing any name.

In response, several directors expressed their concern and urged the chairman to take necessary measures.

A major reshuffle, including changing of chairman, vice chairman and managing director, was made to the bank's board on January 5 this year.  Since then, the board recruited some high- and mid-level officials without posting any job advertisements. The bank declared 10 percent cash dividend for 2016, down from 20 percent cash it had offered in 2015.

Earnings per share of the bank also declined in the first quarter of the year from a year earlier.

news:daily star/14-may-2017
Posted in Banking, News

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