 | This article contains promotional content. (September 2024) |
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| Company type | Limited Liability Company |
|---|---|
| DSE: IFIC | |
| Industry | Banking |
| Founded | Dhaka, Bangladesh (1976) |
| Headquarters | Dhaka, Bangladesh |
| Products | |
 BDT in Mln 8,424 (2020) | |
| BDT in Mln 2,864 (2020) | |
| Total assets | BDT in Billion 363 (2020) |
| Website | www |
The International Finance Investment and Commerce Bank PLC. commonly known as IFIC Bank is a first generation Bangladeshi private commercial bank.[1][2][3] 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 (including Directors) holds 32.75% of the share capital of the Bank and the rest is held by Institutions both Local & Foreign and General Shareholders. The Government is being represented by two nominated Directors on the Board of the Bank. Among them, the current Board of Directors are formed by Bangladesh Bank with four Independent Directors came from different sectors with vast knowledge and experience.
The bank is ensuring cutting edge service with skilled workforce and revolutionary fintech support through more than 1400 modern business centers (Branches and Sub branches). It has extended its global corporate footprint in the form of Joint ventures and subsidiaries in Nepal, Oman and UK.
- ^ "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. 9 May 2016. Archived from the original on 9 May 2016.
- ^ "IFIC Bank plans to build rural network". The Daily Star. 25 November 2013. Retrieved 9 May 2016.