The New Nation - Internet Edition

BUSINESS REPORT

Total deposit of Islami Bank Bangladesh Limited (IBBL), a leading private commercial bank of the country, reached at Tk.16,990 crore as on February 29, 2008 registering an increase of Tk3,043 crore in the same period of the previous year with a growth rate of 22 per cent.

On the other hand, total investment reached at Tk 17,948 crore, registering an increase of Tk 4,504 crore with a growth rate of 34 per cent, while total foreign exchange business reached at Tk.7,272 crore, registering an increase of Tk 3,711 crore in the same period of the previous year with a growth rate of 104 per cent.

This was disclosed in a meeting of Review of Performance of Islami Bank Bangladesh Limited held on March 3 last at the Board Room of Islami Bank Tower.

Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of the IBBL was present in the meeting as the chief guest. Presided over by M Fariduddin Ahmad, Executive President, the meeting was attended by Mohd Shamsul Haque, Mohammad Abdul Mannan and Md Habibur Rahman, Deputy Executive Presidents, and Heads of different Wings, Divisions, Departments of Head Office, Zones and Corporate Branches of the bank.

In his speech, Prof Abu Nasser Muhammad Abduz Zaher said that Islami Bank is the symbol of hope and expectation of the people of the country.

He congratulated all concerned for the success achieved so far and said that all the employees should work unitedly to build up Islami Bank as people's bank. 'This Bank has become one of the top banks of the country. To sustain this respectable position all should work relentlessly with sincerity. The land of the country is fertile. There are a lot of potentialities in every nook and corner of the country," he said.

He called upon all to utilise the possibilities with a view to bringing the people of the country from darkness of poverty to the light of affluence and to promote Islami Bank as well.

Prof Zaher said, Islami Bank is the asset of the people of this country. He said that all its services should be reached at the doorsteps so that all might feel that their houses are the branches of Islami Bank.

Prof Zaher said, Islami Bank Bangladesh Limited is the largest private Bank in the country. It is not only a matter of pride but also responsibility.

He stressed upon securing the receipt of remittance in the possible sholiest time sent by the expatriates to the recipients of the country. He also suggested to behave well with the relatives of the expatriates.

In his presidential speech, M Fariduddin Ahmad said that earning profit was not the only objective of Islami Bank. 'Rather, Islami Bank is caring out corporate social responsibilities for the sake of humanity,' he said.

He suggested all to raise consciousness among the clients about Shari'ah.