Premier Bank PLC has embarked on a new phase of growth with its newly formed board of directors, combining expertise in banking, finance, and governance to set new standards in accountability and customer service.
Dr Arifur Rahman, founder vice-chairman and shareholder of Premier Bank, now serves as chairman, leading a board that includes notable figures such as Md Forkan Hossain, Syed Faridul Islam, Md Sazzad Hossain, Professor Sheikh Morshed Jahan, and M Nurul Alam.
Since the formation of the board on August 19, the first three weeks have been focused on strengthening corporate governance and compliance, with the introduction of new banking policies aimed at securing depositor trust and the bank’s reputation. The board has also prioritised recovering non-performing loans (NPLs) and improving processes to address them.
The board’s priorities include resolving long-standing audit issues with transparency, aligning divisional goals with corporate objectives, ensuring prompt customer support, strengthening risk management through account segregation, enhancing corporate culture with greater accountability at all levels, and establishing sustainable corporate governance to boost depositor confidence.
The bank has also prioritised sectors such as remittance, retail, corporate, SME, cards, digital, and Islamic banking. The new board has actively participated in meetings, reflecting the drive to build a customer-first culture. Ensuring the security of depositor funds remains the board’s top priority, with detailed analysis and action being taken on bad loans and audit issues.
In a time when many financial institutions face liquidity challenges, Premier Bank continues to demonstrate its stability, offering seamless letter of credit services across all branches.
With over 25 years of service, Premier Bank is committed to strengthening customer trust and enhancing service quality, as it moves forward with a new strategic vision, it said in a press release.
