Two more banks were deregulated by S Alam

Formation of new board

The boards of directors of two other banks controlled by S Alam Group have been dissolved. Bangladesh Bank has formed the new board of directors of these banks. The two banks are Global Islami and Union Bank.

This information was informed by Bangladesh Bank on Tuesday (August 27).

Former MD of Islami Bank. A five-member board has been formed with Farid Uddin Ahmad as the chairman of Union Bank.

On the other hand, former MD of NCC and Meghna Bank Mohammad Nurul Amin has been appointed as the chairman of Global Islami. Five independent directors have also been appointed in this bank.

Bangladesh /FM