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Premier Bank PLC has embarked on a new chapter under the leadership of its newly constituted board of directors.
Drawing on extensive experience in banking, finance, and governance, the bank is setting new benchmarks in accountability, transparency, and customer-centric services, according to a press release.
Arifur Rahman, founder vice-chairman and entrepreneur shareholder of Premier Bank PLC, now serves as chairman. Other members of the board include Syed Faridul Islam, independent director and chairman of the executive committee; Md Forkan Hossain, independent director and chairman of the audit committee; Md Sazzad Hossain, independent director and chairman of the risk management committee; Sheikh Morshed Jahan, independent director and professor at the Institute of Business Administration, the University of Dhaka; and M Nurul Alam, independent director and chairman of Premier Bank Securities Limited.
This collective expertise is dedicated to strengthening Premier Bank as one of the most trusted financial institutions in Bangladesh.
Since its formation on August 19, 2025, the board has prioritised formulating banking policies with a strong focus on corporate governance and compliance to preserve depositor trust and institutional reputation. It has also initiated recovery of non-performing loans (NPLs) and undertaken effective corrective measures.
The board’s key areas of focus include audit matters, divisional strategy, service quality, account segregation, corporate culture, and governance. Special emphasis is being placed on remittance, retail, corporate, SME, cards, digital, and Islamic banking.
Board members are actively participating in regular board and committee meetings, such as the audit and executive committees, dedicating substantial time on a daily basis. Their extraordinary commitment reflects a customer-first ethos.
Safeguarding depositor funds remains the board’s foremost priority. Rigorous analysis is underway on bad loans and audit issues, with maximum measures being taken to protect customers’ money. To ensure essential services are delivered with the highest priority, the board has introduced the “Service First” principle.
At a time when many financial institutions are grappling with dollar shortages and liquidity crises, Premier Bank continues to stand strong. Letters of Credit (LCs) are being opened seamlessly across all branches, demonstrating the bank’s stability and resilience. Customers are also benefiting from renewed focus on efficiency, care, and trust.
Over its 25-year journey, Premier Bank has built a legacy of excellence in serving both businesses and individual clients. Today, with its new board and forward-looking strategies, the bank is more determined than ever to safeguard customer trust and reach new heights in service quality.