Dhaka, May 18 -- Bangladesh Bank (BB) has reconstituted the board of ICB Islamic Bank PLC by appointing three independent directors in a move aimed at strengthening governance and oversight at the troubled private commercial bank.

The central bank issued the directive through a letter dated May 13, 2026, according to a disclosure published by the bank on Sunday.

The newly appointed independent directors are A. K. M. Ehsan, Muhammad Hafizur Rahman and Mahmudul Amin Masud.

Market insiders said the latest board reconstitution reflects the regulator's continued efforts to improve corporate governance, ensure accountability and restore discipline in the banking sector, particularly in financially weak banks.

The inclusion of former senior ...