AB Bank MD resigns

Tarique Afzal, managing director of the country's first private commercial bank -AB Bank (Arab Bangladesh Bank) - has resigned from his position citing health grounds.

Mr Afzal left the country for Canada on December 01, He sent his resignation from Canada on Friday via email.

He submitted his resignation letter to the bank's board of directors on Friday from Canada and Board accepted it in its meeting held on Sunday, a senior bank official confirmed to The Financial Express.

Syed Mizanur Rahman, the bank's additional managing director, has taken on the role of managing director in the interim.

The official also mentioned that the resignation will now be sent to the central bank for necessary approval.

Mr Afzal joined AB Bank in 2018 as a deputy managing director and was appointed as the president and managing director in July 2019.

Mr Afzal had previously faced controversy due to his active involvement in politics.

Despite his position as AB Bank's managing director, he was a member of the Awami League's international subcommittee.

However, his colleagues informed The FE that they had never seen him attend any party meetings or engage in political activities.

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