10 years’ work experience now enough to be a bank’s CFO

Any banker with 10 years of work experience can now be appointed or promoted as chief financial officer (CFO) at any bank or financial institution.

However, the person has to have at least three years of work experience in the accounts or tax department of any bank.

Earlier in 2018, Bangladesh Bank had made it mandatory for the CFO candidates to have at least 12 years' work experience.

The banking regulator shared the information of relaxing the work experience requirement through a circular today.

In 2018's circular, the central bank also said before appointing a CFO and a chief information technology officer, the banks should ensure that the candidates were not convicted by any criminal court and were not suspended from job for corruption.

It also said that the banks would have to ensure the candidates were not defaulters or bankrupt.