IBBL not to sack any staff after major shake-up, says bank

Promotes 4 officials to DMD post

Staff Correspondent | Published: 23:10, Jan 11,2017

 
 

Islami Bank Bangladesh Limited on Wednesday said that it would not sack any employee and more female staff would be recruited for women empowerment.
The country’s largest private commercial bank came up with the statements issuing a press release amid fear among many IBBL staff of losing job following major changes in the bank’s board of directors and top management.
On January 5, former secretary Arastoo Khan was elected chairman of the board of directors of IBBL in his maiden meeting as director of the bank. He replaced Mustafa Anwar.
The new IBBL board appointed Md Abdul Hamid Miah as managing director and chief executive officer of the bank, replacing Abdul Mannan, on the same day.
IBBL in its Wednesday’s press release said that the bank would continue its Shariah principles and fundamental values.
The bank will exercise a policy of zero tolerance against any breach of Islamic Shariah in banking activities.
Recruitment will be done through experienced, neutral and professional institution on the basis of merit and qualification irrespective of caste and creed including the wards of freedom fighters, the press release said.
Employee salary structure will be revised by increasing it in comparison with other banks.
The board of directors of IBBL agreed that no employees would be terminated.
The decisions were taken at a board meeting held on January 5 where the bank’s newly-elected chairman Arastoo Khan and other directors were present.
Meanwhile, IBBL has promoted four of its executive vice-presidents to the post of deputy managing director.
They are Mohammed Monirul Moula, Mohammad Mohon Miah, Mohammad Ali and Abu Reza Md Yeahia, said a separate news release issued by the bank on Wednesday.
With the latest promotions, the number of DMDs of the bank has reached eight, said bank officials.
Monirul is heading the bank’s corporate investment division-II. He joined Islami Bank in 1986 as a probationary officer and served in its branches, zones and head office in different capacities.
Mohon is leading the corporate investment division-I of the bank. After joining the bank in 1985 as a probationary officer, he worked in various capacities in different branches.
Ali is serving as head of the investment administration division of the bank. He joined the bank as assistant vice-president in 2001 and served in different investment divisions in the head office of the bank.
Reza is heading the board secretariat division of the bank as company secretary. He joined Islami Bank as probationary officer in 1989 and served in branches and head office in different capacities.

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