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Mamoon Mahmood Shah, the Managing Director and CEO of NRB Bank, has resigned due to personal reasons. Mamoon resigned on 21 January instead of waiting until his tenure ended on 2 February.
Shakir Amin Chowdhury is currently the acting managing director of NRB Bank, according to the bank’s website.
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“I resigned before the end of my tenure due to personal reasons. I did not feel comfortable there, so I decided to step down,” Mamoon told the media on Tuesday (13 February).
Mamoon has worked in important positions for over 32 years in various national and multinational banks. He has held roles such as Managing Director and CEO of ICB Islami Bank Limited, GSP Finance Company (Bangladesh) Limited, and National Finance Limited. Additionally, he has worked in significant positions at Eastern Bank, HSBC, Standard Chartered, and ANZ Grindlays Bank.
Last year, the MDs of private sector banks Asia, National, Padma, South Bengal Agriculture and Commerce Bank resigned. This caused negative discussions in the banking sector. The central bank intervened and called the chairman along with the resigned MDs. They were asked to return to work. Only the MD of Bank Asia did not return.
