The President of Bank of Punjab (BoP), Naeemuddin Khan, has resigned from his post one month before the expiry of his term.
The Bank of Punjab (BoP) President/CEO, Naeemuddin Khan, officially announced to resign from his post on November 8th, 2018 with a notice period of one month.
President of Bank of Punjab Naeemuddin Khan stated, “The day has come that I can leave the bank proudly and hand over the helm of affairs to someone else who can manage the progress of the bank.”
“I took over the management of the bank at a time when the bank was in the worst ever crises since its incorporation,” Khan wrote in his resignation.
“Despite all odds, the achievements under my control establish that the bank is stable, growing, regaining public confidence and has rightly regained its new slogan, Passion Reborn,” he added.
In addition, the letter of comfort for Rs 32 billion, issued by the Government of Punjab to the State Bank of Pakistan, has also been returned to the Government of Punjab.
This marks the end of Mr Khan’s tenure of more than a decade at the helm of affairs at BoP.
Naeemuddin Khan had been the President of The Bank of Punjab since October 10, 2008 and had also served as its Chief Executive Officer. He also served in the Corporate and Industrial Restructuring Corporation (CRIC) during Shaukat Aziz’s government.
He started his banking career from Grindlays Bank in 1978. He served as the branch manager of Grindlays Bank in Islamabad, Rawalpindi, and Lahore. In 1991, he joined Emirates International Bank as Chief Manager, Lahore and then United Bank Limited as SEVP/Head, Special Assets Management Division in 1998.