IBBL deposit posts 19pc growth
Sunday, 12 October 2008
FE Report
Total deposit of Islami Bank Bangladesh Limited (IBBL) reached Tk 192.27 billion up to September of the current year showing an 18.98 per cent growth against the corresponding period of last year. The total investment amounted to Tk 207.80 billion showing a growth rate of 28.18 per cent for the same period.
This information was disclosed during the opening session of a day-long business promotion meeting of the urgent private commercial bank recently. IBBL executive committee Chairman Mominul Islam Patwary inaugurated the meeting at a local hotel.
Managing Director M Fariduddin Ahmad presided over the inaugural session also addressed by directors Kazi Harun-ar-Rashed, Md Eskander Ali Khan and MA Motaleb Chowdhury, among others. Other directors, top executives and branch managers were also present on the occasion.
The bank handled foreign trade amounting to Tk 318.54 billion showing a growth rate of 66.96 per cent against the corresponding period of the previous year. The bank imported goods worth Tk 141.27 billion, and exported goods worth Tk 72.47 billion and collected remittance worth Tk 104.80 billion showing a growth rate 65.85 per cent, 53.19 peer cent and 79.77 per cent respectively against the corresponding period of the previous year.
Mominul Islam Patwary urged the branch managers to explore new investment fields and invest there for the economic development of the country. He said IBBL has been able to achieve the confidence of all by establishing itself as a 'model bank' to local and foreign financial institutions.
He said customer service should be improved in order to sustain the success achieved so far. He called upon the officials to receive best possible training in the light of globalisation for serving the purpose.
Fariduddin Ahmad said, "We have to acquire the highest professional qualities through hard work. We must have to achieve the capacity to solve all problems with efficiency in banking transactions." He urged the branch managers to conduct banking activities in line with highest global standards.
Total deposit of Islami Bank Bangladesh Limited (IBBL) reached Tk 192.27 billion up to September of the current year showing an 18.98 per cent growth against the corresponding period of last year. The total investment amounted to Tk 207.80 billion showing a growth rate of 28.18 per cent for the same period.
This information was disclosed during the opening session of a day-long business promotion meeting of the urgent private commercial bank recently. IBBL executive committee Chairman Mominul Islam Patwary inaugurated the meeting at a local hotel.
Managing Director M Fariduddin Ahmad presided over the inaugural session also addressed by directors Kazi Harun-ar-Rashed, Md Eskander Ali Khan and MA Motaleb Chowdhury, among others. Other directors, top executives and branch managers were also present on the occasion.
The bank handled foreign trade amounting to Tk 318.54 billion showing a growth rate of 66.96 per cent against the corresponding period of the previous year. The bank imported goods worth Tk 141.27 billion, and exported goods worth Tk 72.47 billion and collected remittance worth Tk 104.80 billion showing a growth rate 65.85 per cent, 53.19 peer cent and 79.77 per cent respectively against the corresponding period of the previous year.
Mominul Islam Patwary urged the branch managers to explore new investment fields and invest there for the economic development of the country. He said IBBL has been able to achieve the confidence of all by establishing itself as a 'model bank' to local and foreign financial institutions.
He said customer service should be improved in order to sustain the success achieved so far. He called upon the officials to receive best possible training in the light of globalisation for serving the purpose.
Fariduddin Ahmad said, "We have to acquire the highest professional qualities through hard work. We must have to achieve the capacity to solve all problems with efficiency in banking transactions." He urged the branch managers to conduct banking activities in line with highest global standards.