The bank holds meeting with its new board

The newly-formed board of Social Islami Bank PLC held a meeting on Wednesday at its head office to safeguard depositors’ interests and ensure good governance within the bank.

Dr M Sadiqul Islam, FCMA, professor of the Department of Finance at the University of Dhaka, was elected as chairman of the board, says a media release.

Md Anisul Hoque, representative of Hamdard Laboratories (Waqf) Bangladesh, was elected as vice-chairman at the meeting, it said.

Maksuda Begum, former executive director of Bangladesh Bank, was elected as chairman of the EC Committee, while Major (Retd) Dr Md Rezaul Haque, sponsor director, as chairman of the risk management committee, and Chartered Accountant Md Anwar Hossain, FCA, as chairman of board audit committee of the bank.

Former deputy managing director of Rupali Bank Md Morshed Alam Khondoker, independent director of the bank, was also present there.

Md Anisul Hoque was included as director at the meeting as approved by Bangladesh Bank.

Bangladesh Bank reformed the board of the bank on Sunday to ensure good governance in the SIBL.

With the formation of the new board, clients' trust started to restore and increase deposits, said the media release.