The New Nation - Internet Edition

BUSINESS REPORT

Islami bank Bangladesh Ltd (IBBL) handled a foreign exchange business amounting Tk 72,719 million during the two months end as on February 29, 2008, showing a growth rate of 104 per cent against the corresponding period of the previous year.

The amount of import in the period was Tk 37,641 million, registering a growth rate of 155 per cent; export was Tk.14,924 million with a growth rate of 47 per cent and remittance was Tk.20,154 million registering a growth rate 89 per cent against the corresponding period of previous year.

The total deposit stood at Tk 169,904 million and total investment at Tk 179,478 million during the period.

This was disclosed in a review meeting held at the Board Room of the Bank in the city on Saturday.

Chairman of IBBL board of directors Prof Abu Nasser Muhammad Abduz Zaher inaugurated the meeting as the chief guest, while Executive President M. Fariduddin Ahmad presided over it.

The meeting was attended, among others, by senior executives of its head office, heads of Dhaka central, north and south zones and managers of Dhaka City branches, including Mohd Shamsul Haque, Mohammad Abdul Mannan and Md. Habibur Rahman, deputy executive presidents, of the bank.

Mominul Islam Patwary, chairman of the bank's executive committee, was present as the chief guest in the concluding session.

Prof Abu Nasser Muhammad Abduz Zaher said in his speech as the chief guest that Islami Bank has tremendous demand in home and abroad as it now reached the position of a global bank.

He called upon the officials to make the bank as a people's bank so that the people of the country may think it as their own bank-"My Bank".

He stressed the decentralisation of the wealth of the society and called upon bankers for diversification of investment.