International Finance Invest and Commerce Bank Ltd

International Finance Invest and Commerce Bank Ltd

International Finance Invest and Commerce Bank Ltd

Phone: +880-2-9563020, 9562060, 9562062, 9562068, Fax: +880-2-9562015, 7161644


Established: 1983
Head Office: BSB Building (8th – 10th & 16th – 19th Floor), 8, Rajuk Avenue G.P.O. Box – 2229,
Dhaka-1000 Bangladesh

Known As: IFIC
Stock Code: IFIC
Category: Commercial
Type: Private
Origin: Local

IFIC Bank started functioning as a no depository financial institution in 1976. It absolutely was shaped as a venture between the govt. of East Pakistan and several other farsighted sponsors from personal sector. As GOB relaxed rules and allowed personal sector to determine banks in 1983, IFIC was reworked into a poster bank. At the moment GOB owns thirty two.75% of total shares of the bank and personal entrepreneurs own eight.62% of that. And also the rest is within the hands of general folks.

The bank set its mission to gift quality service to the purchasers through its consummate men having dedication and innovative skills.

This bank performs all industrial banking activities. You will have a Savings checking account or an accounting here. Additionally you have got the chance of a decent range of Deposit schemes to settle on from.

Deposit Schemes

The deposit schemes offered by IFIC Bank are:

  1. mounted Deposit Receipt (FDR)
  2. Special Notice Deposit (SND)
  3. Pension Savings theme (PSS)
  4. More Money
  5. faculty Savings set up – A and
  6. Monthly financial gain theme – Protimash
  7. Double come back Deposit theme
  8. 3 Years Deposit and

These schemes are designed largely for restricted financial gain folks to assist them nevertheless future. Terms and conditions vary a bit from theme to theme. However still these are engaging for the shoppers. Response from folks is nice. You’ll participate in one or 2 that suits you most.

School Saving set up is a few totally different from alternative programs. This set up could develop a saving habit in your kid.

Non Resident Bangladeshis (NRB) earning foreign currencies have the chance to open associate account within the bank. Furthermore they will invest in Chief Executive and Bonds in IFIC. NRBs will remit their earning through this bank likewise.

Student File may be a program for Bangladeshi students going abroad to check in below graduate or post graduate courses. They’re issued Drafts for tuition and alternative expenses from some approved dealer branches of IFIC Bank.

SMS Banking may be a demand of your time. Folks wish to contact everything they have through their cellular phone. IFIC has done this in right time. You’ll have terribly very important data regarding your account through SMS.

Credit Schemes

Credit schemes of IFIC bank will be classified into 3 major teams. These area unit company Banking, SME Banking and shopper Finance. From the terribly names it’s clear that 1st 2 area unit bound towards industrial and business shoppers and therefore the third one is principally for individual shoppers. Below company banking this bank offers following programs:

  1. assets Finance
  2. Project Finance
  3. Term Finance
  4. Trade finance
  5. Lease Finance
  6. Syndication Finance

Each of the schemes is intended to fulfill the growing demands of company shoppers through money, credit and informatory services. For your massive industrial comes IFIC could organize syndication of banks even. Thus you will raise the bank for no matter you wish from it.

Small and Medium Enterprises of Bangladesh area unit critically very important for generation of employment, alleviation of financial condition and increasing value growth. IFIC has given correct emphasize on this sector through a decent range of programs. These area units shown below:

  1. straightforward business loan
  2. Retailers loan
  3. Transport Loan
  4. business House Building Loan
  5. Possession Right Loan
  6. Contractor’s Loan
  7. Bidder’s Loan
  8. assets Loan
  9. Project Loan
  10. Letter of Guarantee
  11. Letter of Credit
  12. Loan against foreign Merchandize (LIM)
  13. Loan against Trust Receipt
  14. Muldhan
  15. girls Entrepreneur’s Loan (Protyasha)

Each of the schemes is intended to fulfill up typical desires of SMEs. Additionally girl’s area unit given correct importance to return within the money activities and contribute through their ability.

Consumer Finance schemes area unit in the main for restricted financial gain individuals to reinforce their money skills. Therefore you will get the things and services of your dream to return true at once. The schemes are:

  1. IFIC straightforward Loan
  2. shopper sturdy Loan
  3. Parua (Education Loan)
  4. Thikana (Home Loan)
  5. Any Purpose Loan
  6. IFIC wedding Loan
  7. CNG Conversion Loan
  8. IFIC Home Renovation Loan
  9. IFIC Medical Loan
  10. IFIC vacation Loan
  11. IFIC Peshajeebi Loan
  12. IFIC car loan

So if you’re someone of this cluster you will have a loan to meet your desires and dreams and pay back in straightforward terms.

IFIC bank give you these services and lots of a lot of through their eighty nine branches everywhere the country.

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