IFIC Bank Limited
[
Ordinary Members [Bank Only]]
Details
International Finance Investment and Commerce Bank Limited (IFIC Bank)
is banking company incorporated in the People’s Republic of Bangladesh
with limited liability. It was set up at the instance of the Government
in 1976 as a joint venture between the Government of Bangladesh and
sponsors in the private sector with the objective of working as a
finance company within the country and setting up joint venture
banks/financial institutions aboard. In 1983 when the Government allowed
banks in the private sector, IFIC was converted into a full fledged
commercial bank. The Government of the People’s Republic of Bangladesh
now holds 32.75% of the share capital of the Bank. Directors and
Sponsors having vast experience in the field of trade and commerce own
8.62% of the share capital and the rest is held by the general public.
