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International Finance Investment And Commerce Bank Limited (Bangladesh)

Main Activities: Commercial Banking
Full name: International Finance Investment And Commerce Bank Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Company is a banking company in the People's Republic of Bangladesh with a limited liability and 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 abroad.
The Company was incorporated in 1976. The Government held 49 shares and the rest 51 were held by the sponsors and the general public. In 1983, when the government allowed banks in the private sector, it was converted into a full-fledged commercial bank. The Government of the People's Republic of Bangladesh now holds 35 of the share capital of the Bank. Leading industrialists of the country having vast experience in the field of trade and commerce own 34 of the share capital and the rest is held by the general public.
It was quoted in Dhaka Stock Exchange in 1986 with authorized 106660 ordinary shares of 100 bdt/each.

Headquarters
Bdbl Bhaban Building (8Th, 10Th, 16Th, 19Th Floor), 8, Rajuk Avenue
Dhaka; Dhaka; Postal Code: 1000

Contact Details: Purchase the International Finance Investment And Commerce Bank Limited report to view the information.

Website: http://www.ificbankbd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1976
Key Executives
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Chairman
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Managing Director
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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39.06%
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32.75%
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20.94%
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6.14%
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1.11%
Subsidiaries
Ific Money Transfer (Uk) Limited
Ific Securities Limited
Company Performance
Financial values in the chart are available after International Finance Investment And Commerce Bank Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net interest income
17.23%
Operating profit (EBIT)
0.27%
Net Profit (Loss) for the Period
35.46%
Total assets
14.66%
Total equity
11.15%
Total Assets Trend
1%
Net Interest Income Trend
-122.85%
Loans to Deposits Ratio
2%
Loans to Asset Ratio
0.99%

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