The New Nation - Internet Edition

International Finance Investment and Commerce Bank Ltd. (IFIC Bank) signed an agreement with Central Depository Bangladesh Ltd. (CDBL) on 20th September 2007 at the Board Room of the bank.

The agreement provides for the dematerialization of IFIC Bank shares traded in the Stock

Exchange through the Central Depository System (CDS)'of CDBL which will help eliminate the risk of damage, loss, forgery and duplication of share documents. Delivery through electronic book entry under CDS will also help prompt transfer of ownership. Mashiur Rahman, Managing Director, IFIC Bank Ltd. and M.H. Samad, Managing Director and CEO of CDBL signed the Agreement on behalf of their respective Organisations. Mohammad Lutfar Rahman, Vice Chairman, Murshed Murad Ibrahim, Aminur Rahman and Mr. Abu Tahir Mohammad Golam Maruf, Directors of the Bank remained present on the occasion. Senior Executives of the Bank also atended the function.