IBBL earns deposit milestone of Tk 823 billion

FE Online Desk | Published: January 12, 2019 21:57:06 | Updated: January 13, 2019 16:41:45

A two-day business development conference of Islami Bank Bangladesh Limited began at Pan Pacific Sonargaon Hotel, Dhaka on Saturday.

The conference disclosed that as on December 31, 2018 IBBL has reached deposit milestone of Tk.823 billion by adding more than Tk.67 billion in its deposit portfolio. The bank has achieved general investment base of Tk.797 billion. IBBL reached the milestone of 13 million clients. IBBL has consolidated its leadership in handling import, export and remittance business of Tk.399 billion, Tk.251 billion and Tk.275 billion respectively in 2018.


Md. Nazmul Hasan, Ph.D, Chairman in the speech of chief guest expressed his satisfaction over the business target achievement in 2018. To accelerate the growth of the bank, he directed the concerned to modernize the internal research and training system. He called upon the concerned to provide more scope to the youth so that they can overcome the upcoming challenges in the economy and banking sector of the country. He also instructed the bank officials to popularise the modern financial technologies among the mass people. 


Md. Mahbub ul Alam, Managing Director and CEO said, Islami Bank like the previous years has been able to uphold the first position in 2018 by all business parameters. The cooperation and support from the current development friendly government led by Prime Minister Sheikh Hasina has played special role behind this success, he added. He said, IBBL will play a leading role in achieving the Vision-2021 and Vision-2041 set by the Prime Minister.


Other speakers said, IBBL has opened 305 Agent Banking Outlets in 2018. Speakers here thanked the management for keeping IBBL among the Best 1000 Banks in the world for the 7th time. They said, achieving of the World’s Best Retail Islamic Bank Award, Highest Tax Payer Award in Banking Sector, Bangladesh Bank Remittance Award, Best Islamic Bank in Bangladesh Award and SAFA Award bears the testimony that Islami Bank is most compliant bank. Islami Bank maintains good governance in its operations which made IBBL a model of compliant institution.

Mohammed Monirul Moula, Additional Managing Director offered vote of thanks. Additional Managing Directors, Deputy Managing Directors, Head Office Executives, Head of Zones and Head of 342 branches of the Bank attended.



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