Al-Arafah Islami Bank PLC has recently undergone several internal and external audit assessments on transparency of banking activities, risk management, efficient human resource management and quality of financial reporting, said a press release.
Various auditors and regulatory authorities have observed that the bank has not followed the proper process in recruitment of entry-level officers since 2021 and guided for taking necessary steps through proper assessment.
Subsequently, the manpower recruited at the entry-level positions without following the proper process since 2021 was brought under an assessment.
As part of the process, an impartial and quality assessment test was organised by Institute of Business Administration, University of Dhaka. A total of 1,414 officers participated in the test out of which 864 candidates were qualified and 550 candidates were disqualified.
To maintain the continuity of the bank鈥檚 administrative and good governance, under the manpower assessment programme, the disqualified officers have been released from service maintaining proper compliance with the bank鈥檚 Employees鈥� Service Rules and the prevailing laws of land, the release said.
