CCCI hails IBBL for lowering rate of profit for investment

Our Correspondent

CHATTOGRAM, June 19: The Chittagong Chamber of Commerce and Industry (CCCI) has hailed the Islami Bank Bangladesh Ltd. (IBBL) for bringing down the rate of profit for investment to a single digit from July 1.

In a statement on Tuesday, CCCI President Mahbubul Alam said the IBBL is the first bank in the country to lower the rate at the recent directive of the prime minister.

It is a good step towards boosting trade, commerce and industrialisation and will help the country achieve its goal of high income, he added.

The CCCI president urged other banks of the country to follow suit.

Lowering the rate of profit was one of the long-standing demands of the businessmen, he said.

The CCCI president, on behalf of the businesses, expressed gratitude to the prime minister for her directive.

Such a bold and time-befitting step will play an important role in the growth of economy, he added.

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