Wednesday, 6 July, 2022

40 Yrs of Celebration

IBBL one of the propellers of nat’l economy: IBBL MD

  • Staff Correspondent
  • 31 March, 2022 12:00 AM
  • Print news
IBBL one of the propellers of nat’l economy: IBBL MD
Islami Bank Bangladesh (IBBL) Managing Director and CEO Mohammed Monirul Moula speaks at a programme marking the 40 years founding anniversary of IBBL in the capital on Wednesday.

Islami Bank Bangladesh Limited (IBBL) Managing Director and CEO Mohammed Monirul Moula on Wednesday said that his organisation is one of the propellers of the national economy.

He made the remark at a programme in the capital on the occasion of 40 years founding anniversary of the bank, said a press release.

Mohammed Monirul said IBBL has been working to bring financially disadvantaged people under financial services using FinTech.

He called upon all to avail all the financial services of IBBL including modern technology rich services, CellFin app and iBanking.

Mohammed Monirul claimed that the bank mobilizes one-third of the country's foreign remittance.

“Over the last 39 years, IBBL has been the largest financier in the country's import-export trade and SME investment. This bank is playing as a prtner in national development through a wide network across the country with 6,000 plus units and state-of-the-art banking services.”

IBBL managing director further said that the bank with 16 million clients has created direct employment for about 8.4 million people.

38 percent of the country's readymade garment and 60 percent of the textile sector has been running with the bank’s investment, he added.

“More than 6,000 industries, 2,000 agro-based industries, 26 jute mills, 421 shipping, 50,000 plus transports, 50 cold storages and 1,000 auto rice mills are being operated with the investment of IBBL,” he said. 

He said the present deposit portfolio of IBBL is Tk 1.40 trillion which is highest among the private and nationalised banks.

Additional Managing Director of IBBL Muhammad Qaisar Ali was present as the special guest while Additional Managing Director Md Omar Faruk Khan presided over the program.

Md Mostafizur Rahman Siddiquee, Md Altaf Hossain and Md Nayer Azam, Deputy Managing Directors and Md Maksudur Rahman, Senior Executive Vice President of the bank also spoke at the event.