7 directors of Social Islami Bank Limited resign

Seven directors of the privately-run Social Islami Bank Limited today resigned from their posts on "personal ground".

Four of them were independent while three others were shareholders of the bank. Their names could not be known immediately.

The changes came following a board meeting of the bank held on Monday, the bank sources said. Besides, nine new directors -- seven independent and two shareholders – have also been appointed following the meeting.

Earlier on October 30, SIBL board chairman Md Rezaul Haque, its executive committee chairman Md Anisul Hoque and managing director Shahid Hossain resigned from their posts.

On the same day, SIBL named new board chairman, executive committee chairman and managing director, after S Alam Group, a Chittagong-based conglomerate, took over 50 percent stakes in the bank.

Former Chittagong University vice-chancellor Anwarul Azim Arif and NRB Global Bank vice chairman Belal Ahmed were appointed as new chairman and executive committee chairman of the bank's board respectively.

Besides, First Security Islami Bank's additional managing director Quazi Osman Ali has been appointed managing director of the bank.