Five top Islami Bank officials resign

Five top officials of Islami Bank Bangladesh have resigned from their jobs following restructuring at the management level.

The officials had submitted their resignation letters earlier this week and the board accepted their plea on Tuesday, said Arastoo Khan, chairman of Islami Bank Bangladesh.

"The bank appointed the officials on a contractual basis. Their job contract is supposed to end after one or two months. But, they have wished to resign from their jobs before their tenure ended."

One of five officials has been suffering from cardiovascular disease, so he is reluctant to continue his job.

When asked whether the board of the bank had forced them to resign, the chairman said, "They resigned willingly."

In June last year, major changes were brought about in the board of directors and the management team of the private commercial bank.

The latest change in the management is a continuation of the previous restructuring process of the bank, said an official of the bank upon conditions of anonymity.

The officials are: Md Shamsuzzaman, who worked as an additional managing director; Md Habibur Rahman Bhuiyan, Abdus Sadeque Bhuiyan and Mohd Mohon Miah, all deputy managing directors; and Amirul Islam, senior executive vice-president.