IFIC Bank The International Finance Investment and Commerce Bank Limited is a first-generation Bangladeshi private commercial bank. The bank is ensuring cutting-edge service with a skilled workforce and revolutionary fintech support through more than 695 hundred 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 the UK.
International Finance Investment and Commerce Bank Limited (IFIC Bank) 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.
History of IFIC Bank
International Finance Investment and Commerce Bank Limited (IFIC Bank) 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.
Directors of IFIC Bank
- Salman F Rahman MP – Chairman
- Ahmed Shayan Fazlur Rahman – Vice Chairman
- Rabeya Jamali – Independent Director
- Sudhangshu Shekhar Biswas – Independent Director
- A.R.M. Nazmus Sakib – Director
- Quamrun Naher Ahmed – Director
- Md. Zafar Iqbal, ndc – Director
- Shah A Sarwar, MD & CEO
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