South East Bank Board Controversy end, No scope of changing leadership

Dhaka, Bangladesh || Monday, 6 May 2024 || 23 Boishakh 1431

HEADLINE:

Zarzees bin Ertaza made Law deputy secretary of Dhaka Metropolitan South Chhatra League Kazi Zarzees bin Ertaza steps to 21 today Bashundhara MD honoured with ‘TRAB Smart Performance Award’ Today 20th death anniversary of Shahidur Rahman, the bright star of Judiciary President appoints Sheikh Hasina as Prime Minister First woman barrister on Board of Directors of Gulshan Club Bangladesh Army and Canadian University of Bangladesh Sign Memorandum of Understanding

From pandemic to Padma bridge: Will the anti-Hasina brigade ever learn?

The anti-Sheikh Hasina brigade has been paid back fair

No one remembers the bravery of Badruzzamanan in '71

Badruzzaman Badrul, the expatriate son of a brave martyr

'Minar-e Kabir', the highest Islamic Monument in Jhalokati

Minar-e Kabir is a minaret located in Sugandia village

Bashundhara Group gets ‘Best Brand’ recognition

Bashundhara Group, the country’s largest business conglomerate, has been

http://www.dailyvorerpata.com/ad/72890.jpg

South East Bank Board Controversy end, No scope of changing leadership

Peoples Time Desk

Published : Thursday, 8 July, 2021 at 11:03 PM, Count : 378

South East Bank Board Controversy end, No scope of changing leadership

Different types of misunderstandings and confused news are disseminated and spread in different public Medias regarding South-east bank referring to five directors who boycotted AGM of South-East Bank held on 30th June. South-East Bank Authority and its shareholders protested against various wrong and confused news involving present successful chairman Alamgir Kabir FCA of bank. On the contrary, source stated such misunderstanding arising out of Board of Directors has been disposed of. Now there is no conflict among 05 powerful directors and chairman of bank. So at this moment, there is viability to change of bank’s leadership. Source speaks that the Bank will be governed like earlier upon understanding of entrepreneur directors.

South-East Bank launched its journey in 1995 as a private bank of the second generation of country Alamgir Kabir FCA as a professional accountant joined the board of South-east bank in 2004 and has been successfully performing duty of this position for 17 years long consecutively upto now since joining the directorship of chairman in 2004. He has transformed and boosted up the bank to a top level bank of country for the 17 years long and no one has ever raised any question regarding his delegation and leadership for this long time rather he has been praised by any quarter for his honesty and sincerity.

Present Chairman Alamgir Kabir of this bank stated to the public media in this regard that it is the best board of south-east bank considering current situation of country and present position of the bank is in top five banks of country. South-east bank’s position is stronger in different index with capital capacity, profit, deposit and investment fund. I have never held this position rather I am tirelessly continuing and devoting my service for interest of shareholders and bank at instance of directors.

On one hands, Managing Director of Bank, M Kamal Hossain, Chairman Alamgir Kabir FCA said supporting, “ five directors did not participate or attended AGM, they are tender in age and cannot participate in virtual meeting by lab-top. It is an important matter than this that all misunderstandings have been resolved now. So I find no potentiality of changing leadership.

At the same time, although investigative information of Bangladesh bank is spread in this regard, No authenticity of such information has found after talking with Bangladesh Bank. Rather they has expressed their satisfaction about banking function and success of South-East Bank. One top level officer of Bangladesh bank said being unwilling to publish name, ‘further some persons have phoned me. I found nothing after looking into the fact. Perhaps such type of news has been intentionally propagated. No enquiry is being accomplished with South-East Bank. We have understood as the bank is governed with transparency according to the last inquiry and information.

On the other point, it has been confirmed from more sources as Alamgir Kabir finally is going to chairman again of the bank on the basis of skill and proficiency despite different talks with several public media and entrepreneur directors and at present it proves that all types of misunderstandings and conflicts have been solved and Alamgir Kabir FCA has successfully sustained his own position upto now in the case of bank management.

Mentioned, South-East Bank is enlisted with capital market in 2000 and paid up capital of south-east bank is 1 thousand 188 crore 94 Lac. Different types of investors are owners of 69.82% out of this capital in share market. South-east bank Limited is a private commercial bank of Bangladesh. This bank obtained licence on 23 March 1995 from Bangladesh Bank and first branch launched its journey on 25 May 1995. At this juncture, the bank are rendering different types of services such as retailed banking, corporate banking, Islami Banking, investment banking, SM E banking, foreign trade banking, foreign remittance bank.

« Previous