Bangladesh, Aug. 18 -- The Dhaka Bank board has appointed AKM Shahnawaj as acting managing director after former managing director Sheikh Mohammad Maroof stepped down.

Shahnawaj, who had been serving as deputy managing director, began his banking career with AB Bank in 1989.

The announcement was published on the Dhaka Stock Exchange's website on Monday.

Speaking to bdnews24.com on Sunday, Maroof said his departure was for "purely personal reasons".

"There is no reason to resign," he said.

"I have stepped down from the post for purely personal reasons. I will take a few days off and then we will see."

In response to speculation that he had been pressured by the board, Maroof dismissed the claim.

"No, nothing like that," he said. "I ...