IBBL turns 40

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Business Desk :
Islami Bank Bangladesh Limited (IBBL), the first Shariah-based bank in South and Southeast Asia has stepped into 40 years with highest deposit and investment portfolio of the country. This bank mobilizes one-third of the country’s foreign remittance. Over the last 39 years, IBBL has been the largest financier in the country’s import-export trade and SME investment. This bank is playing as a partner in national development through a wide network across the country with 6,000 plus units and state-of-the-art banking services.
The information was disclosed at a discussion meeting held on Wednesday, at Islami Bank Tower on the occasion of it’s founding anniversary. Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the programme as the chief guest. Muhammad Qaisar Ali, Addl Managing Director, addressed the occasion as special guest. Md Omar Faruk Khan, Addl Managing Director of the bank presided over the programme while Md Mostafizur Rahman Siddiquee, Md Altaf Hossain and Md Nayer Azam, Deputy Managing Directors and Md Maksudur Rahman, Sr Executive Vice President of the bank addressed. Top executives, Head of Zones, Branch Incumbents, In-charge of Sub-Branches, clients and well-wishers joined the event through virtual platform.
Mohammed Monirul Moula said in his speech that IBBL is one of the propellers of national economy. The bank with 16 million clientele has created direct employment for about 8.4 million people. 38 per cent of the country’s readymade garment and 60 per cent of the textile sector has been running with the bank’s investment, he said. He added that more than 6,000 industries, 2,000 agro-based industries, 26 jute mills, 421 shipping, 50,000 plus transports, 50 cold storages and 1,000 auto rice mills are being operated with the investment of IBBL.

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