Celtic won their fifth consecutive league title earlier this month, but failed to stamp their authority on European competition.
The Glasgow giants have failed miserably in recent seasons on the continent, and the Celtic board will be hoping that the appointment of the ex-Liverpool boss can reverse their fortunes. Bankier spoke of the targets the Celtic hierarchy have set Rodgers in his debut season:
"The Champions League is our priority and therefore it will be his."
Rodgers was appointed manager at Celtic Park yesterday on a 12-month rolling contract, and the magnitude of the task ahead will not be lost on him. With the return of Rangers to the Scottish Premiership next season, he will have his work cut out to achieve domestic success, let alone glory in Europe, so that in itself adds an extra level of pressure on the Northern-Irishman.
Bankier went on to tell BBC Sport how he feels they have made the correct appointment, with Rodgers previous experience at a club the size of Liverpool proving to be a deciding factor in the decision making process:
"He is the right appointment for this size of club and what we face in terms of not only the Scottish league but Europe and the Champions League."
Celtic's progression in Europe will depend heavily on the quality of player Rodgers is able to recruit, but Bankier would not offer any clue as to what the new manager's budget would be:
"Anyone who witnessed our last game of the season against Motherwell would recognise that we've got some talent. The thing we want is good management."
In accepting the Celtic managerial role, Rodgers has arguably undertaken his toughest challenge yet, and only time will tell if it is one in which he can handle.