Managing directors (MDs) of five more banks have been sent on mandatory leave for banking reforms, following recommendations from the central bank.

The banks affected are Exim Bank, Union Bank, Global Islami Bank, Social Islami Bank, and ICB Islami Bank.

According to Bangladesh Bank sources, the decision was made to facilitate international audits and improve governance. 

On Sunday (January 5), a meeting between Bangladesh Bank Governor Dr. Ahsan H. Mansur and the chairpersons of the respective banks led to the directive for the MDs' removal.

The governing boards of these banks also approved the decision to send the MDs on leave.

Earlier, on Saturday, First Security Islami Bank MD Syed Wasek Md. Ali was placed on mandatory leave for alleged negligence in approving irregular loans to the S. Alam Group. His leave is effective from January 5 to April 4.

BDST: 1748 HRS, JAN 5, 2025
MSK/SMS