Salah Uddin appointed administrator of Social Islami Bank

Md Salah Uddin, Executive Director of Bangladesh Bank, assumed the role of Administrator of Social Islami Bank PLC on Wednesday, says a press statement.

He took on this responsibility as part of a broader reform initiative launched by Bangladesh Bank to strengthen the banking sector and ensure financial stability.

Bangladesh Bank's Additional Directors Md. Rashedul Islam, Hammada Abdul Ati, Dr. Mohammad Bazlul Karim, and Joint Director Rowson Akter will assist him in overseeing the administration of SIBL during this critical period.

This move is part of Bangladesh Bank's ongoing efforts to promote good governance, safeguard the interests of depositors, and maintain public confidence in the country's banking system. The appointment comes as part of a wider process aimed at merging five banks into the largest Islamic bank in the country.

Under the new leadership, initiatives will be taken to improve all key performance indicators of the bank and to protect the interests of depositors and clients.