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Managing director of the crisis-ridden Padma Bank Tarek Reaz Khan has resigned from his position after the decision of the bank’s planned merger with Exim Bank Bangladesh.
The bank’s top executive is likely to join NRB Bank as its new managing director upon approval of the Bangladesh Bank (BB), according to Mr Khan.
Talking to the FE, the just resigned managing director said he left the bank on March 18 after submitting his resignation from the post and the board of directors of the bank approved it on April 6.
As the latest BRPD circular clearly mentioned that top executives of the weak banks will not be eligible to retain their position when merged with stronger institutions, according to him¸ he took the decision to voluntarily step down in search of new a responsibility.
“I would be joining NRB Bank if the central bank gives green signal to the proposal of appointing me as the new MD of the bank and the proposal has already been sent to the BB by NRB Bank authority,” he informed.