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27 May 2022

Business Insider Bangladesh

IBBL reaches deposit milestone of Tk 1,383bn last year

BI Report || BusinessInsider

Published: 17:25, 15 January 2022   Update: 17:41, 15 January 2022
IBBL reaches deposit milestone of Tk 1,383bn last year

Photo: Courtesy

Islami Bank Bangladesh Limited has reached the deposit milestone of Tk 1383 billion by adding more than Tk 200 billion last year in its deposit portfolio.

The information was disclosed at a two-day Business Development Conference of IBBL that began at a hotel in Dhaka on January 15.

Professor Md Nazmul Hassan, PhD, chairman of the bank inaugurated the conference as chief guest, said a press release.

The conference revealed that the bank has achieved a general investment base of Tk 1177 billion. The bank has consolidated its leadership in handling import, export and remittance business of Tk 645 billion, Tk 302 billion and Tk 505 billion respectively in 2021.

IBBL is currently providing banking services through 384 Branches, 219 Sub-Branches, 2778 Agent Banking Outlets and 2318 ATM/CRM Booths.

The conference was presided over by Mohammed Monirul Moula, managing director and CEO of the bank.

Muhammad Qaisar Ali, Additional Managing Director addressed the welcome speech while Md Omar Faruk Khan, Additional Managing Director thanked the audience.

Professor Dr Mohammad Abdus Samad, Member Secretary of IBBL Shari`ah Supervisory Committee along with Deputy Managing Directors, Head Office Executives, Head of Zones and Head of 384 Branches of the Bank attended the conference through virtual platform from 11 venues across the country.

Professor Md Nazmul Hassan in his speech as chief guest said, “IBBL has conducted banking activities in 2021 by addressing the changes and coping with the challenges.”

He called for taking the country forward through quality and inclusive investment. He said that it is necessary to adapt with neo-normal situation and work with modern financial technology (FinTech).

He directed the employees to work more seriously for the expansion of the bank's CellFin App, card and App based services, POS machines, mCash, iBanking and other technology-rich services.

Mohammed Monirul Moula, Managing Director and CEO said, IBBL is at the top of the banking sector distributing the stimulus packages announced by the Prime Minister.

He thanked the various departments of the Government of Bangladesh, Ministry of Finance, Bangladesh Bank, Bangladesh Securities and Exchange Commission, all other regulatory authorities, clients and well-wishers for their continued support for the prosperity and success of the bank.

Speakers at the conference said that IBBL has been achieving global recognition and fame overcoming the national border by trust of the people, strength of Shariah, technology-rich and sincere services. In order to maintain this position of the bank, it is necessary to develop a sustainable business relationship by developing human values and using Financial Technology (FinTech) in conducting business, they added.