BB appoints observers to four banks

Bangla Press Desk:   The Bangladesh Bank (BB) has appointed observers at National Bank, Al-Arafah Islami Bank, Premier Bank, and IFIC Bank to closely monitor their operations.

Letters regarding the appointments were sent to the observers on Monday, according to sources.Munir Ahmed Chowdhury, director of the Bank Supervision Department-12, will serve as observer at National Bank, while Mohammad Anisur Rahman, director of the Islamic Banking Regulation and Policy Department, has been assigned to Al-Arafah Islami Bank.

At Premier Bank, ANM Moinul Kabir, director of the Payment Systems Department, has been appointed observer, and AKM Kamruzzaman, director of the Forex Reserve and Treasury Management Department-1, will oversee IFIC Bank.

The appointed officials are expected to attend meetings of the banks’ boards of directors, executive committees and risk management committees to ensure closer supervision, sources added.Source: daily Sun

BP/SP