Big change in SIBL

Chairman, MD resign

The privately owned Social Islami Bank Ltd (SIBL) yesterday saw a large scale change in its management as the chairman, chairman of the executive committee and managing director (MD) resigned following an emergency board meeting. Anwarul Azim, former vice-chancellor of Chittagong University, has been made the new chairman while Kazi Osman Ali, additional MD of First Security Islami Bank, and Belal Ahmed, vice-chairman of NBR Global Bank, appointed as managing director and chairman of the executive committee respectively. While contacted, spokesperson of Social Islami Bank confirmed the changeover, saying that the newly appointed body hastaken the charge for respective positions accordingly. Recently, shares of the bank worth about Tk 400 crore owned by United Group were purchased by different Ctg-based business houses.

Big change in SIBL

Chairman, MD resign

The privately owned Social Islami Bank Ltd (SIBL) yesterday saw a large scale change in its management as the chairman, chairman of the executive committee and managing director (MD) resigned following an emergency board meeting. Anwarul Azim, former vice-chancellor of Chittagong University, has been made the new chairman while Kazi Osman Ali, additional MD of First Security Islami Bank, and Belal Ahmed, vice-chairman of NBR Global Bank, appointed as managing director and chairman of the executive committee respectively. While contacted, spokesperson of Social Islami Bank confirmed the changeover, saying that the newly appointed body hastaken the charge for respective positions accordingly. Recently, shares of the bank worth about Tk 400 crore owned by United Group were purchased by different Ctg-based business houses.