Premier Bank terminates MD and CEO Md Abu Jafar
The letter stated that the decision was taken at the bank’s 332nd board meeting held on 17 December last year
Premier Bank has terminated the contract of its Managing Director and Chief Executive Officer Md Abu Jafar, effective Tuesday (3 February) following approval from the Bangladesh Bank, according to a letter issued from the bank's head office.
The decision was taken at the bank's 332nd board meeting on 17 December 2025. After receiving the central bank's consent, Abu Jafar's responsibilities as MD and CEO officially concluded on Tuesday.
Premier Bank Chairman Arifur Rahman said the board's decision was implemented in line with Bangladesh Bank's approval.
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Md Abu Jafar had been on leave for nearly two months from 20 November. At the time, Chairman Rahman told reporters that the MD had taken leave for "a couple of months," but it remained unclear whether he would return.
Abu Jafar joined Premier Bank as managing director and CEO on 24 April 2024. Before this role, he served as an additional managing director at Dhaka Bank.
A graduate and postgraduate in economics from the University of Chittagong, Abu Jafar began his banking career in 1990 as a probationary officer at Uttara Bank.
