United News of Bangladesh

Mohammad Zahir Hussain, executive director of Bangladesh Bank and the sole representative of the Board of Directors of Islami Bank Bangladesh PLC, on Wednesday emphasised that depositors are the true owners of the institution, assuring them that the bank will be run professionally to serve the general public. "As long as Bangladesh exists, Insha'Allah, Islami Bank will also survive with glory," he said while speaking as the chief guest at a clients' get-together organised by the bank at its Islami Bank Tower Corporate Branch. "It will not be a bank for any single individual, group, or community; it will be a bank for the general people", Zahir added. Highlighting the financial structure of the institution, he noted that customer deposits stand at nearly Tk 1.75 lakh crore, whereas the share capital is Tk 6,500 crore, making the share ratio a negligible fraction of the total deposit volume. The sole representative of the board assured customers that full trust and authority have been placed in the bank's management team, composed of professionals with 30 to 35 years of experience. Emphasising that the board's role is strictly limited to policy-making while professionals manage operations, he urged depositors to support the bank and help increase its deposits, expressing firm confidence that the bank will regain its lost glory and achieve new heights in a short period. The event was presided over by Executive Vice President and Head of the Corporate Branch Mohammad Kutub Uddin, while Senior Vice President Abdul Latif delivered the welcome address. Acting Managing Director Md Altaf Hossain and Executive Vice President Mahmud Hossain Khan addressed the event as special guests. Several representatives spoke on behalf of the clients, according to a press release.