IBBL reaches Tk1,18,000cr deposit milestone
This was disclosed on the first day of a two-day business development conference
Islami Bank Bangladesh Limited (IBBL) reached a deposit milestone of Tk1,180 billion by adding more than Tk230 billion to its deposit portfolio last year – as of 31 December, 2020. The bank also achieved a general investment base of Tk1,001 billion, as well as the milestone of 15.9 million clients.
The information was disclosed on Saturday, the first day of a two-day business development conference at the Pan Pacific Sonargaon Hotel in the capital, read a press release.
Also shared during the conference was that the bank has consolidated its leadership in handling import, export and remittance business of Tk.419 billion, Tk.225 billion and Tk.486 billion, respectively, in 2020.
The remittance growth of IBBL in 2020 is about 60%. IBBL is currently providing state-of-art banking services through: 373 branches, 161 sub-branches, 2,275 agent banking outlets, and 1,752 ATM/CRM booths.
Professor Md Nazmul Hassan, PhD, chairman of the bank inaugurated the conference as its chief guest.
He said, the impact of the ongoing crisis is more than eight times that of the 2009 global economic recession.
"The world is now going through a crisis due to the ongoing Covid-19 pandemic. To cope with the changes and challenges, the banking sector needs to adapt – with modern and updated technology," he added.
Presided over by Mohammed Monirul Moula, managing director and CEO of the bank, the conference was addressed by: Professor Dr Md Salim Uddin, FCA, FCMA, chairman, Executive Committee; Mohammad Solaiman, FCA, chairman, Audit Committee; Major General (Retd) Engr Abdul Matin, chairman, Risk Management Committee; and many others of the bank as special guests.
Muhammad Qaisar Ali, additional managing director delivered the welcome address while Md. Omar Faruk Khan, additional managing director thanked the audience. Deputy managing directors, head office executives, heads of zones, and heads of 373 branches of the bank attended the conference, via a virtual platform, from 11 venues across the country.
Mohammed Monirul Moula, managing director and CEO, said IBBL is distributing the highest amount of nationally allocated stimulus funds.
He also said the bank has been able to provide investment services to the highest number of affected people in remote areas with the utmost vigilance and sincerity.
