Helal Ahmed Chowdhury has been appointed as chairman of BASIC Bank Limited for the next three years.
A notification, signed by Afsana Bilkis, deputy secretary of the Financial Institutions Division (FID), a wing of the Ministry of Finance, issued an office order in this regard on October 31, which the ministry disclosed on Monday.
The notification asked the authorities concerned to take the necessary measures, including obtaining the approval of Bangladesh Bank, in line with the Bank Companies Act 1991 to appoint Helal as a director of the BASIC Bank board and the bank's chairman for three years from the date of his joining.
Earlier on October 9, through the notification of the FID, BASIC Bank Chairman Professor Dr Abul Hashem was removed by the government.
Helal, an independent director of Bank Asia Limited, is a veteran banker with more than four and a half decades of banking experience.
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