Dhaka, April 10 -- Bangladesh Bank has dissolved the board of ICB Islamic Bank.

Mazibur Rahman, executive director of Bangladesh Bank, has been appointed to the board of directors and as managing director of the bank.

Arif Hossain Khan, a spokesperson and executive director of the central bank, confirmed the matter to bdnews24.com.

However, Mazibur had served as the managing director of the bank before the board was dissolved.

Arif said, "The central bank has given the responsibility of the board of directors as well as managing director of the bank to Mazibur Rahman in the interests of the depositors and the bank itself to ensure good governance."

The central bank dissolved the ICB Islamic Bank's board on Wednesday, he added.

Arif ...