IFIC Bank
 | |
| Company type | Public Limited Company |
|---|---|
| DSE: IFIC | |
| Industry | Banking |
| Founded | Dhaka, Bangladesh (1976) |
| Headquarters | IFIC Tower, 61, Purana Paltan, Dhaka - 1000, Bangladesh |
Key people | Salman F Rahman (chairman) Syed Mansur Mustafa (MD) |
| Products | |
 BDT in Mln 8,424 (2020) | |
| BDT in Mln 2,864 (2020) | |
| Total assets | BDT in Billion 363 (2020) |
Number of employees | 5,332 |
| Rating | AA |
| Website | www |
The IFIC Bank PLC is a first-generation Bangladeshi private commercial bank.[1][2][3] Currently it is having largest banking network in the country with more than 1,400 branches and uposhakhas.It has joint ventures and subsidiaries in Nepal, Oman and the UK.
History
[edit]IFIC Bank PLC is a banking company incorporated in the People's Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and Sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions aboard. In 1983 when the Government allowed banks in the private sector, IFIC was converted into a full-fledged commercial bank. The Government of the People's Republic of Bangladesh holds 32.75% of the share capital of the Bank. Sponsors/Directors having vast experience in the field of trade and commerce own 4.11% of the share capital and the rest is held by Institutions both local & foreign and General Shareholders. The Government is being represented by three nominated Directors on the Board of the Bank and as such, the present combined shareholding of the Sponsors/Directors are 36.86% of the total outstanding share capital of the Bank.
Directors
[edit]- Salman F Rahman MP - Chairman
- A.R.M. Nazmus Sakib- Director
- Sudhangshu Shekhar Biswas - Independent Director
- Shah Monjurul Hoque- Independent Director
- Quamrun Naher Ahmed - Director
- Md. Zafar Iqbal, ndc - Director
- Md. Golam Mustafa- Director
- Syed Mansur Mustafa, MD
See also
[edit]
References
[edit]- ^ "International Finance Investment and Commerce Bank Limited – Banglapedia". en.banglapedia.org. Retrieved 9 May 2016.
- ^ "Home loan now at single digit interest rate". Prothom Alo. Archived from the original on 9 May 2016. Retrieved 9 May 2016.
- ^ "IFIC Bank plans to build rural network". The Daily Star. 25 November 2013. Retrieved 9 May 2016.
4. https://www.tbsnews.net/interviews/our-target-create-one-crore-depositor-base-ific-bank-md-670390
