IFIC Bank holds 49th AGM

IFIC Bank PLC organised its 49th annual general meeting (AGM) at the Army Golf Club in Dhaka on Monday.

Md Mehmood Husain, chairman and independent director of the bank, presided over the meeting, according to a press release.

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In his address, Mehmood said the board of directors and the management are working together to protect shareholders’ interests, strengthen depositors’ confidence, and ensure long-term sustainable growth.

He said the bank has already taken several strategic initiatives to strengthen its financial base and asset quality, control non-performing loans, enhance operational efficiency, and improve customer service.

“These initiatives are expected to strengthen the bank’s business capacity and improve its competitive position in the future,” he added.

A large number of shareholders joined the meeting virtually from across the country. They appreciated the bank’s positive progress under the leadership of the current board of directors.

They said that despite the global economic situation and various challenges facing the banking sector, IFIC Bank’s notable deposit growth reflects customers’ confidence, effective business strategies, and their growing trust in the bank.

At the meeting, shareholders approved the appointment of auditors, the audited financial statements, and all other agenda items placed before the meeting.

Mokammel Hoque, company secretary of the bank, conducted the AGM.

Among others, Md Ebtadul Islam, chairman of the risk management committee and independent director; Kazi Md Mahboob Kasem, chairman of the audit committee and independent director; Md Golam Mostofa, chairman of the executive committee and director; Md Monzorul Haque, chairman of IFIC Securities Limited and director of the bank; Syed Mansur Mustafa, managing director; and Mokammel Hoque, company secretary, joined the meeting.