About Us

IFIC Profile

IFIC Bank PLC is a banking company incorporated in the People's Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and Sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture   banks/financial institutions aboard. In 1983 when the Government allowed banks in the private sector, IFIC  was converted into a full-fledged commercial bank. The Government of the People's Republic of Bangladesh  holds 32.75% of the share capital of the Bank. Sponsors/Directors having vast experience in the field of trade and commerce own 4.11% of the share capital and the rest is held by Institutions both local & foreign and General Shareholders. The Government is being represented by three nominated Directors on the Board  of the Bank and as such, the present combined shareholding of the Sponsors/Directors are 36.86% of the total outstanding share capital of the Bank.


Corporate Profile

Name of the Company

Off-shore Banking Unit (OBU)
Federation Branch,FBCCI Building, 60 Motijheel C/A, Dhaka
Legal Form
IFIC Bank PLC was incorporated in Bangladesh and
registered with the Registrar of Joint Stock Companies
& Firms as a public company limited by shares

M. J. Abedin & Co., Chartered Accountants

Company Registration Number
C-4967, Dated: 08 October 1976
Legal Adviser
Ahsanul Karim
Authorized Capital
BDT 40,000.00 million
Tax Consultants
Adil & Associates
Paid up Capital
BDT 18,305.587 million
Credit Rating Agency
Emerging Credit Rating Limited
Listing Status
Listed with Dhaka Stock Exchange PLC (DSE) and
Chittagong Stock Exchange PLC (CSE) in 1986 and
1997 respectively
Salman F Rahman MP
Vice Chairman
Ahmed Shayan Fazlur Rahman
Market Category
‘B’ Category
Managing Director
Syed Mansur Mustafa
Tax Payer Identification Number (TIN)
Head of ICC
M. Mozibar Rahman
VAT Registration Number
Chief Financial Officer
Dilip Kumar Mandal, FCA
Business Identification Number (BIN)
Company Secretary
 Mokammel Hoque, FCS
Subsidiary Companies
IFIC Securities Limited
IFIC Investment Limited
IFIC Money Transfer (UK) Limited
No. of Employees
Registered Office
IFIC Tower, 61 Purana Paltan
GPO Box : 2229, Dhaka-1000
IP Phone No.: 09666716250 (Hunting)
Fax: 880-2-44850205, Swift: IFIC BD DH
E-mail: info@ificbankbd.com
Website: www.ificbank.com.bd
No. of Branches
No. of Uposhakhas
No. of Shareholders
Investors’ Relation
IFIC Tower (17th Floor)
61 Purana Paltan, Dhaka-1000
Hotline: 09666716250

At IFIC, we want to be the preferred financial service provider through innovative, sustainable and inclusive growth and deliver the best in class value to all stakeholders.

Our Mission is to provide service to our clients with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make our position unique in giving quality service to all institutions and individuals that we care for.

We are committed to the welfare and economic prosperity of the people and the community, for we derive from them our inspiration and drive for onward progress to prosperity.

In an intensely competitive and complex financial and business environment, we particularly focus on growth and profitability of all concerned.

Integrity: Upholding integrity in all that we do, always, everywhere.

Fairness: Striving to offer the best to our customers equitably with transparency.

Innovation: Encouraging and nurturing creativity.

Commitment: Committed to excellence in customer service and maximization of stakeholders’ value through teamwork.

  • To strive for sound business growth by ensuring customer satisfaction through quality and timely services
  • To manage and operate the Bank in the most efficient manner to ensure achievement of goals
  • To maintain adequate capital flow to support further growth
  • To ensure effective and efficient risk management for sustainable business growth
  • To diversify loan portfolio through structured finance and expansion of Corporate, SME, Agri and Retail businesses
  • To mount state-of-the-art technologies and adopt innovative ideas for financial inclusion
  • To groom human resources for serving customers efficiently
  • To increase brand visibility by creating positive image of the Bank S To be a trend-setter in serving the society and remain responsive to the environment S To ensure sound corporate governance practices
  • To facilitate mobility in banking by up-gradation of Internet and Mobile Banking S To add value for all stakeholders.

Milestones in the development of IFIC BANK

Establishment of the Company

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

Foreign Exchange Business

Commenced operation in Foreign Exchange Business in a limited scale.

First Overseas Joint Venture

Obtained permission from the Govt. to operate as a commercial Bank. Setting up of 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).

Full-fledged Commercial Banking

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

Joint Venture Exchange Company

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

First Overseas Branch

Setting up of its first overseas branch at Karachi in Pakistan.

Second Overseas Branch

Setting up of its second overseas branch at Lahore in Pakistan.

First Joint Venture in Nepal

Setting up of its first joint venture in Nepal for banking operation, titled Nepal Bangladesh Bank Limited.

Second Joint Venture in Nepal

Setting up of its second joint venture in Nepal for lease financing, titled Nepal Bangladesh Finance & Leasing Co. Limited (Which was merged with NBBL in 2007).

NDLC-IFIC Bank Limited

Setting up of a new Bank in Pakistan, NDLC-IFIC Bank Limited (Subsequently renamed as NIB Bank Limited and which was again merged with MCB Bank Limited in 2017) and the Overseas Branches of IFIC and a local leasing company, NDLC were amalgamated with and into it.

MISYS solution for Online Banking

Acquired MISYS solution for real time online banking application. Core Risk Management implemented.

VISA branded Credit Card

Launched VISA branded Credit Card (completed full range of Cards i.e. Debit, Credit & Pre-paid by 2010).

Off-shore Banking Unit

Setting up of Off-shore Banking Unit (OBU).

IFIC Money Transfer (UK) Limited

Established a fully owned subsidiary exchange company named IFIC Money Transfer (UK) Limited.

100th Branch of the Bank

Inauguration of 100th Branch at Tejgaon-Gulshan Link Road in Dhaka.

BDT 10,000 Crore plus in Deposits

Achieved the Landmark of BDT 10,000 Crore in Deposits.

Mobile Banking Service

Launching of IFIC Mobile Bank.

BDT 20,000 crore plus in Foreign Trade Business

Crossed the Landmark of BDT 20,000 Crore in Foreign Trade Business.

IFIC Tower, a symbol of dignity!

Inauguration of IFIC Tower at 61 Purana Paltan, Dhaka.

Introduction of IFIC Aamar Account and One Stop Service Model

Launched an innovative product IFIC Aamar Account, combining benefits of current & saving accounts, FDR, credit cards etc. Became market leader in Home Loan product under retail banking segment. Introduced One Strop Service model in the branches for the first time in Bangladesh.

BDT 2,911.40 crore plus in Home Loan

IFIC Home Loan outstanding crossed the amount BDT 2,911.40 crore. Aamar Account balance stood at BDT 1,456.49 crore with a total of 99,399 nos. Accounts.

Launched IFIC Aamar Bank (Digital Banking Platform)
  • Established 35 Uposhakhas across the country
  • Launched IFIC Aamar Bank (Digital Banking Platform)
  • Launched IFIC Shohoj Account to expand financial inclusion.
Launched IFIC Shohoj Rin
  • Number of Branches crossed 150 and number of Uposhakhas around the country stood at 285.
  • IFIC Home Loan Sanctioned amount reached BDT 61061.924 Million as of 31 December 2020.
  • Launched IFIC Shohoj Rin.
  • Formation of IFIC Investment Limited for merchant banking operations.

Number of Branches crossed 160 and number of Uposhakhas around the country stood at 730.

Milestone of 1000 Uposhakha

IFIC Bank made history as the first bank in Bangladesh to establish its 1000th uposhakha by inaugurating a new uposhakha in historic Mujibnagar, Meherpur dated November 26, 2022

IFIC becomes the largest bank in the country

1. IFIC Bank becomes the largest bank in the country in terms of the maxium numbe rof branches and uposhakhas

2. IFIC Bank achieved the milestone of 10 thousand crore deposit through its uposhakhas