IBBL Business Review meeting held

Islami Bank Bangladesh Limited organized a business review meeting at Islami Bank Tower on January 1, 2017 Sunday. Presided over by Mohammad Abdul Mannan, Managing Director and CEO of the Bank, the meeting was attended by Md. Mahbub-ul-Alam, Abdus Sadeque Bhuiyan and Md. Shamsuzzaman, Deputy Managing Directors along with head of different wings and divisions at head office, head of zones and corporate branches in Dhaka.

 The meeting said, up to December 31, 2016 BBL has reached deposit milestone of Tk. 680 billion by adding Tk. 65 billion in its deposit basket. The bank has achieved investment base of Tk. 647 billion increasing Tk. 88 billion over the year. IBBL has consolidated its leadership in handling import, export and remittance business of Tk. 340 billion, Tk. 244 billion and Tk. 280 billion respectively. Mentionable, in the last 5 years the business activities of Islami Bank including deposit, investment and customers have increased around three-times in different parameters. The Bank’s position in the Global 1000 top-bank’s list is 939th in 2016. The meeting expressed gratitude to Allah for achieving local and foreign awards and recognition including Asian Banker Award and Bank of the Year Award.

 Mohammad Abdul Mannan, in 2016 Islami Bank continued its lead role in the industry in respect of industrialization, SME financing, Agro, microfinance, trade financing and alternate delivery services consolidating IBBL position as a welfare oriented financial istitution. He said, IBBL has been working relentlessly for ensuring distributive justice and total welfare of the people through need based financing empowering the poor and serving the masses. IBBL works for achieving Maqasid Al Shariah in financial sector through diversifying our investments, in terms of size, sector & geographical locations.