IFIC Bank Plc (IFIC)

IFIC Bank PLC provides various commercial banking services in Bangladesh. The company provides saving accounts, current accounts, fixed deposits, foreign currency deposits, and special notice deposit accounts, as well as AAMAR, Shohoj, and NRB accounts; pension saving schemes; Aamar Bari financial solutions; overdraft facilities; and debit and credit cards. It also offers home loans, home credit, purchase, semi-pucca, and take-over loans. In addition, the company provides trade finance; working capital, industrial and project, lease, syndication, and structured finance services; offshore banking services; treasury business services, including functional and regulatory framework, money market desk, fixed income security desk, and foreign exchange and asset liability management desk services; agricultural credit services; and term loans. Further, it offers brokerage services, margin loan facilities, electronic services, and initial public offering services; corporate action and balance inquiry, transfers and multiple accounts movement, dematerialization and re-materialization of shares, beneficial owners accounts opening, and pledging, un-pledging, and confiscation services; and locker, remittance, savings certificates and instruments, student file, and digital, SMS banking services, as well as treasury bills and bonds. Additionally, it offers issue, underwriting, portfolio, and asset management services; capital market operation; corporate advisory, mergers and acquisition, equity investment, joint venture sourcing, corporate restructuring, financial consultancy, and corporate research and privatization services. The company operates through a network of branches, sub-branches, and ATM booths. The company was formerly known as International Finance Investment and Commerce Bank Limited and changed its name to IFIC Bank PLC in March 2023. IFIC Bank PLC was incorporated in 1976 and is based in Dhaka, Bangladesh.