IFIC Bank holds 48th annual general meeting

IFIC Bank PLC has held its 48th annual general meeting (AGM) at the Army Golf Club in Dhaka today.

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

In his address, Husain said that IFIC, as the country's oldest financial institution and one of its largest banks, remains committed to transparency, accountability, and strategic reforms.

He stressed that the board of directors and management are working tirelessly to safeguard shareholders' interests, maintaining a strict zero-tolerance policy towards irregularities and corruption.

Husain assured shareholders that, as a result of these efforts, the bank's overall performance and key financial indicators are expected to show significant improvement in the coming year.

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; and Mokammel Hoque, company secretary, were present at the meeting.

Syed Mansur Mustafa, managing director, said the bank is taking concrete steps to strengthen governance, enhance operational efficiency, and uphold stakeholder confidence.

He emphasised that all initiatives are focused on protecting the interests of shareholders, employees, and depositors, expressing confidence that IFIC Bank would soon achieve greater strength and stability.

A number of shareholders and directors, including Director Md Monzorul Haque, also joined the AGM virtually.