Social Islami Bank Limited has seen another dramatic turn in a space of two weeks, with nine directors resigning at once.

Seven directors of the privately-run Social Islami Bank Limited resign from their posts on “personal ground”.

Social Islami Bank Limited yesterday made dramatic changes to its board and top management in a move that can be viewed as strengthening the grip of Chittagong-based S Alam Group on the bank.

Social Islami Bank Limited (SIBL) names new board chairman, executive committee chairman and managing director.