In letters sent to the employees last Wednesday, Bangladesh’s first private sector bank said their termination would be effective from Sunday. The bank said in the letters that it will pay the sacked employees dues and salaries of three months. AB Bank had earlier announced a 5 percent pay cut for all of its executives in May and June. It tops a list of banks with most loans taken by their own directors. The loans taken by the directors from AB Bank stood at Tk 9.07 billion in January.

Source: bd News24 July 12, 2020 21:56 UTC