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Historical Background

International Finance Investment and Commerce Bank Limited (IFIC Bank) is banking company

incorporated in the Peoples 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 Peoples Republic of Bangladesh now holds 32.75%

of the share capital of the Bank. Directors and Sponsors having vast experience in the field of

trade and commerce own 8.62% of the share capital and the rest is held by the general public.

Bank's Mission

Our Mission is to provide service to our clients with the help of a skilled and dedicated

workforce whose creative talents, innovative actions and competitive edge make our position

unique in giving quality service to all institutions and individuals that we care for.

We are committed to the welfare and economic prosperity of the people and the community, for

we derive from them our inspiration and drive for onward progress to prosperity.

We want to be the leader among banks in Bangladesh and make our indelible mark as an active

partner in regional banking operating beyond the national boundary.

In an intensely competitive and complex financial and business environment, we particularly

focus on growth and profitability of all concerned.

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Share Price Index (Monthly average of last six months):

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Corporate Organogram

O f f i c e A t t e n d a n t

S e c u r i t y S t a f f

D r i v e r

O f f i c e A s s i s t a n t

A s s i t a n t O f f i c e r

O f f i c e r G r a d e - I I

P r o b a t i o n a r y O f f i c e r

O f f i c e r G r a d e - I

S t a f f O f f i c e r

S e n i o r S t a f f O f f i c e r

A s s t t . V i c e P r e s i d e n t

F i r s t A s s t t . V i c e - P r e s i d e n t

S e n i o r A s s t t . V i c e - P r e s i d e n t

V i c e - P r e s i d e n t

F i r s t V i c e - P r e s i d e n t

S e n i o r V i c e - P r e s i d e n t

E x e c u t i v e V i c e - P r e s i d e n t

S e n i o r E x e c u t i v e V i c e - P r e s i d e n t

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Management Structure

The thirteen members of the Board of Directors are responsible for the strategic planning and

overall policy guidelines of the Bank. Further, there is an Executive Committee of the Board to

dispose of urgent business proposals. Besides, there is an Audit Committee in the Board to

oversee compliance of major regulatory and operational issues. The CEO and Managing

Director, Deputy Managing Director and Head of Divisions are responsible for achieving

business goals and overseeing the day to day operation. The CEO and Managing Director is

assisted by a Senior Management Group consisting of Deputy Managing Director and Head of

Divisions who supervise operation of various Divisions centrally and co-ordinates operation of

branches. Key issues are managed by a Management Committee headed by the CEO and

Managing Director. This facilitates rapid decisions. There is an Asset Liability Committee

comprising member of the Senior Executives headed by CEO and Managing Director to look

into all operational functions and Risk Management of the Bank.

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Number of Directors

In IFIC bank there are 12 boards of directors.

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Number of Branches

IFIC has over 99 branches in Bangladesh & 5 SME Centre.

Name of current CEO

Mr. Salman F. Rahman (Chairman)

Mr. Mohammad Abdullah (Managing Director)

Number of deposit products

In IFIC Bank there are 11 Deposit products available. They are:

Savings Account

Current Account

Fixed Deposit Receipt (FDR)

Special Notice Deposit (SND)

Pension Savings Scheme (PSS)

More Money

School Savings Plan A Plus

Monthly Income Scheme - Protimash

Double Return Deposit Scheme

Three Years Deposit Plus

Millionaire Dream Plan (MDP)

http://www.ificbank.com.bd/savings_account.phphttp://www.ificbank.com.bd/current_account.phphttp://www.ificbank.com.bd/fdr.phphttp://www.ificbank.com.bd/std.phphttp://www.ificbank.com.bd/pps.phphttp://www.ificbank.com.bd/more_money.phphttp://www.ificbank.com.bd/school_savings_plan.phphttp://www.ificbank.com.bd/monthly_income_scheme.phphttp://www.ificbank.com.bd/double_return_deposit.phphttp://www.ificbank.com.bd/three_years_deposit_plus.phphttp://www.ificbank.com.bd/mdp.phphttp://www.ificbank.com.bd/savings_account.phphttp://www.ificbank.com.bd/current_account.phphttp://www.ificbank.com.bd/fdr.phphttp://www.ificbank.com.bd/std.phphttp://www.ificbank.com.bd/pps.phphttp://www.ificbank.com.bd/more_money.phphttp://www.ificbank.com.bd/school_savings_plan.phphttp://www.ificbank.com.bd/monthly_income_scheme.phphttp://www.ificbank.com.bd/double_return_deposit.phphttp://www.ificbank.com.bd/three_years_deposit_plus.phphttp://www.ificbank.com.bd/mdp.php

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Number of Loan Products

In IFIC Bank there are 12 Loan products available. They are:

IFIC Easy Loan

Consumer Durable Loan

Parua (Education Loan)

Thikana (Home Loan)

Any Purpose Loan

IFIC Marriage Loan

CNG Conversion Loan

IFIC Home Renovation Loan

IFIC Medical Loan

IFIC Holiday Loan

IFIC Peshajeebi Loan

IFIC Auto Loan

http://www.ificbank.com.bd/easy_loan.phphttp://www.ificbank.com.bd/consumer_durable_loan.phphttp://www.ificbank.com.bd/parua.phphttp://www.ificbank.com.bd/thikana.phphttp://www.ificbank.com.bd/any_purpose_loan.phphttp://www.ificbank.com.bd/marriage_loan.phphttp://www.ificbank.com.bd/CNG_conversion_loan.phphttp://www.ificbank.com.bd/home_renovation_loan.phphttp://www.ificbank.com.bd/medical_loan.phphttp://www.ificbank.com.bd/holiday_loan.phphttp://www.ificbank.com.bd/peshajeebi_loan.phphttp://www.ificbank.com.bd/auto_loan.phphttp://www.ificbank.com.bd/easy_loan.phphttp://www.ificbank.com.bd/consumer_durable_loan.phphttp://www.ificbank.com.bd/parua.phphttp://www.ificbank.com.bd/thikana.phphttp://www.ificbank.com.bd/any_purpose_loan.phphttp://www.ificbank.com.bd/marriage_loan.phphttp://www.ificbank.com.bd/CNG_conversion_loan.phphttp://www.ificbank.com.bd/home_renovation_loan.phphttp://www.ificbank.com.bd/medical_loan.phphttp://www.ificbank.com.bd/holiday_loan.phphttp://www.ificbank.com.bd/peshajeebi_loan.phphttp://www.ificbank.com.bd/auto_loan.php