Bangladesh Bank has said that no political activities or vested interests will be tolerated around Islami Bank Bangladesh PLC, one of the country's largest private banks.
At the same time, the central bank has assured the bank to quickly form a new board of directors consisting of honest, qualified and acceptable people.
Bangladesh Bank spokesperson and executive director Arif Hossain Khan told reporters on Monday (June 22).
He said: "Islami Bank is an important institution in the country's banking sector. If this bank is damaged, its negative impact can be felt on the entire banking sector. Therefore, no politics will be allowed around the bank. An acceptable board of directors will be formed quickly."
Earlier in the morning, members of the Islami Bank Conscious Customer Forum held a sit-in program in front of the main gate of Bangladesh Bank. From the program, they demanded the restructuring of the chairman and board of directors of Islami Bank.
The protesters said that no one associated with the S Alam Group can be included in the new board of directors. At the same time, they demanded the reinstatement of entrepreneurs and shareholders associated with the ownership of the bank before 2017.
At that time, the protesters gave an ultimatum to form a new board of directors within 24 hours.
They also said that the next program would be announced if the demands were not met within the stipulated time.
On June 16, the Islami Bank Conscious Customer Forum submitted a memorandum to the Governor of Bangladesh Bank demanding the rapid formation of the board of directors and the return of the shares of S Alam Group to the previous owners.
Earlier, the organization started a movement demanding the resignation of the then chairman Khorshed Alam from June 1.
Later, on June 13, Bangladesh Bank dissolved the entire board of directors including the chairman of Islami Bank. After that, the responsibility of overall supervision of the bank was given to Bangladesh Bank's executive director Mohammad Zahir Hossain.
