Dhaka, March 17 -- Professional chartered accountant and banker SM Abdul Hamid has been appointed as an independent director at Islami Bank.

He replaces Independent Director Md Abdul Jalil, who was removed from the bank's board amid a dispute over defaulted loans.

Hamid said, "The priority is to strengthen the bank's financial health. Bangladesh Bank will prioritise some issues, which will be selected after looking at the current state of the bank. We will try to get the bank to a good position."

Bangladesh Bank spokesperson and Executive Director Arifur Rahman Khan said that Bangladesh Bank needed to appoint a new independent director and had done so.

He described it as a part of the central bank's routine work.

Bangladesh Bank sent...