Jasim Uddin elected chairman of Bengal Commercial Bank

FT ONLINE

Md Jasim Uddin, vice chairman of the Bengal Group of Industries, has been elected the first chairman of Bengal Commercial Bank Limited — for a three-year term.

Additionally, Mahbubul Alam, president of the Chattogram Chamber of Commerce and Industries, and Golam Mohammad, managing director of Max Infrastructure Limited, have been made vice chairmen of the bank.

The election was held at the first meeting of the board of directors of the newly-licenced bank, held in Dhaka on Tuesday, read a press release.

Jashim Uddin previously served the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) as its vice-president.

The meeting also proposed the appointment of renowned bankers Tarik Morshed and Shahid Hossain as the bank's managing director and advisor, respectively. However, the duo's appointment is subject to Bangladesh Bank's approval.

In the last month, Bangladesh Bank declared newly-licenced Bengal Commercial Bank a scheduled bank, raising the total number of scheduled banks in the country to 60.

Bengal Commercial Bank was initiated by the Bengal Group of Industries — a local plastic product manufacturer.

Other directors of the bank also attended the meeting.