Established as an Investment & Finance Company under arrangement of joint venture with the govt. of Bangladesh.

Commenced operation in Foreign Exchange Business in a limited scale.

Obtained permission from the Govt. to operate as a commercial bank.

Set up a its first overseas joint venture (Bank of Maldives Limited) in the Republic of Maldives (IFIC's share in Bank of Maldives Limited was subsequently sold to Maldives Govt. in 1992)

Commenced operation as a full-fledged commercial bank in Bangladesh.

Set up a joint venture Exchange Company in the Sultanate of Oman, titled Oman Bangladesh Exchange Company (subsequently renamed as Oman International Exchange, LLC).

Set up its first overseas branch in Pakistan at Karachi.

Set up its second overseas branch in Pakistan at Lahore.

Set up its first joint venture in Nepal for banking operation, titled Nepal Bangladesh Bank Ltd.

Set up its second joint venture in nepal for lease financing, titled nepal Bangladesh Finance & leasing Co. Ltd. (which was merged with NBBL in 2007)

Overseas Branches in Pakistan amalgamated with NDLC, to establish a joint venture bank: NDLC-IFIC Bank Ltd., subsequently renamed as NIB Bank Ltd.

Acquired MISYS solution for real time on-line banking application.

Core Risk Management implemented.

Corporate Branding introduced.

Visa Principal and Plus (Issuer and Require) Program Participant Membership obtained.

Observing 25th Anniversary of Customer Satisfaction.

64 Branches offering Real Time On-line banking facility.

All 96 Branches & SME Service Centers of IFIC Bank is operating under state-of-art world class Real Time On-line Banking Solution.