IBBL touches deposit milestone of Tk 680b

Islami Bank Bangladesh Limited organised a business review meeting at Islami Bank Tower 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 IBBL 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. 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. Mohammad Abdul Mannan, in  2016 Islami Bank continued its lead  role in  the  industry  in  respect of  industrialisation, SME  financing,  agro, microfinance, trade  financing  and  alternate  delivery services.    — Statement