IFIC Bank PLC has unveiled its new logo on Tuesday, after careful consideration and months after assuming its PLC suffix earlier this year.
IFIC logo holds a policy for keeping a clear space around the Logo. The logo should always have a border of clear space to ensure it stands out clearly.
To ensure legibility and accurate reproduction of IFIC logo, there is a minimum size which must be respected.
The logo is measured by its width. The expected minimum size of the logo is 1.5 inch.
The bank on March 28 earlier this year had changed to IFIC Bank PLC, as per a Bangladesh Bank notice, with immediate effect.
A PLC is a public company and is the equivalent of a US publicly traded company that carries the Inc. or corporation designation.
The use of the PLC abbreviation after the name of a company communicates to investors and to anyone dealing with the company that it is a publicly traded corporation.
In Bangladesh, the companies are switching to the PLC (Public Limited Company) suffix in order to comply with the amended Company Act 1994. The amendment was made in 2020.