The Ministry of Finance has finalised the appointment of 10 individuals as Managing Directors (MD) and Chief Executive Officers (CEO) for six state-owned commercial banks and four specialised banks.

The proposal, based on recommendations from a committee led by the Finance Advisor, was submitted to the Chief Advisor’s office for approval on 17 October.

On Sunday, the Financial Institutions Division promoted four Deputy Managing Directors (DMDs) from state-owned banks to MD positions in four specialised banks.

According to the official circular, Sonali Bank DMD Mir MofazzulHossain has been appointed as the MD of Ansar-VDP Unnayan Bank, Bangladesh Krishi Bank DMD Salma Banu as MD of PalliShonchoy Bank, Sonali Bank DMD SanchitaBinte Ali as MD of Bangladesh Krishi Bank, and Bangladesh Krishi Bank DMD ChanuGopalGhosh as MD of ProbashiKalyan Bank.

The approved summary also details further appointments. Current MD of Bangladesh Krishi Bank MdShawkat Ali Khan will be appointed as the MD and CEO of Sonali Bank, MD of PrabasiKalyan Bank MdMojiburRahman will be appointed as the MD and CEO of Janata Bank, former DMD of Agrani Bank MdAnwarul Islam will serve as the same bank's MD and CEO, and DMD of RajshahiKrishiUnnayan Bank Md Ahmed Rahim will take on role as MD and CEO of Rupali Bank.

Besides, the former DMD of Janata Bank MdJasimUddin will be appointed as MD and CEO of Bangladesh Development Bank and another former DMD of Janata Bank MdKamruzzaman will serve as MD and CEO of BASIC Bank.