In a rapidly evolving financial landscape, IFIC Bank is shaping the future of banking in Bangladesh by combining its legacy of trust with forward-looking innovation. The Bank is anchored by the country’s largest banking network, a dynamic youth-driven workforce, and a stable balance sheet with a deposit base of approximately BDT52,000 crore. IFIC Bank is advancing with renewed confidence, supported by strong liquidity, unwavering customer service, and restored depositor trust. With a clear strategic focus on asset quality, countrywide network coverage, corporate governance excellence, and digital transformation, IFIC Bank is building a resilient, transparent, and sustainable institution for the years ahead.
Focus on Reducing Classified Loans and Ensuring Liquidity Stability
IFIC Bank acknowledges concerns regarding its current classified loan ratio and has made loan recovery and asset quality improvement its foremost strategic priorities. In 2025 alone, the Bank recovered BDT 6,006 crore, reflecting measurable progress supported by disciplined execution. With strengthened credit governance and intensified recovery initiatives, IFIC Bank aims to achieve a meaningful reduction in its classified loan ratio in the near term, which is critical to restoring balance sheet strength and supporting sustainable growth. The Bank’s resilience is further demonstrated by its ability to sustain growth despite a surge in negative propaganda and coordinated negative narratives across digital media. During this period, IFIC Bank successfully reinforced depositor confidence, onboarded 289,000 new customers, opened 773,100 new accounts, and achieved total deposit growth of approximately BDT6,200 crore within a year. Alongside improvements in asset quality, IFIC Bank continues to maintain a healthy Advance–Deposit (AD) ratio of 87%, supported by strong and stable liquidity flows. Notably, throughout its entire history, the Bank has never dishonored or refused a customer cheque under any circumstances, underscoring the strength of its liquidity management and the enduring confidence of its depositors. Furthermore, IFIC Bank has not availed any liquidity support from Bangladesh Bank under the incentive support program to date, reinforcing its position as a self-reliant and resilient financial institution.
Showcasing Institutional Strength Through Global Best Practices
IFIC Bank regards the forensic audit as a key milestone that highlights its strong regulatory discipline and adherence to global best practices. While stakeholder concerns regarding forensic audits are understandable, particularly as such assessments are sometimes perceived as diagnostic "health checks," it is important to note that forensic audits are already well-defined supervisory procedures under the regulatory framework of Bangladesh Bank. Viewing the forensic audit as an opportunity to reinforce its commitment to sound governance, transparency, and regulatory compliance, IFIC Bank believes the process will serve as a credible platform to demonstrate the robustness of its internal controls and operating practices. Over time, this will contribute meaningfully to enhanced accountability and the overall stability of the financial sector. As communicated by Bangladesh Bank, forensic audits will be introduced progressively across the banking sector in Bangladesh in line with practices followed in many international jurisdictions. Ultimately, this initiative strengthens confidence, transparency, and long-term resilience within the financial system.
Expansion of ATM Network for Enhanced Customer Convenience
To enhance access to banking services and address customer demand, particularly in rural and semi-urban areas, IFIC Bank has already established a strong and inclusive footprint through the country’s largest banking network, comprising over 1,400 branches and uposhakhas nationwide. Building on this foundation, the Bank is now accelerating the expansion of its ATM network to further improve customer convenience and accessibility. IFIC Bank is actively working to increase the number of its ATM booths to 150+ by the end of 2026, reinforcing its commitment to seamless and round-the-clock banking services across the country.
Enduring Transitions with Strength and Stability
In recent years, both global and domestic economic shifts have created a challenging operating environment for the financial sector. As a first-generation bank, IFIC Bank has navigated nearly five decades of political and economic transitions. The events of July 2024 served as a moment of reflection, particularly in relation to deposit trends and non-performing loan performance and reinforced the Bank’s focus on strengthening operational and balance sheet resilience. Following the reconstitution of the Board in August 2024, Bangladesh Bank appointed a new leadership team comprising experienced professionals from diverse sectors to strengthen governance, strategic oversight, and institutional stability. Despite sector-wide pressures, IFIC Bank has continued to demonstrate resilience through prudent policy measures, ongoing innovation, and robust risk management practices.
Building a Future-Ready Workforce
IFIC Bank is powered by a dynamic and resourceful workforce, with more than 80% of its employees drawn from the youth segment. This vibrant team is shaping tomorrow’s Bangladesh by being professionally goal-oriented, deeply committed to service excellence, and digitally adept. By prioritizing diversity, equity, and inclusion grounded in meritocracy, the Bank has adopted a comprehensive approach to workforce development. Significant reforms have been undertaken across departments and divisions to ensure optimal utilization of employee expertise. To further align the organization, the Bank has organized periodic regional meetings and Town Hall sessions where the Board and Management clarify the corporate vision for employees at all levels. These engagements have successfully increased a sense of belonging and heightened the sense of responsibility throughout the workforce. Beyond policy orientation, IFIC Bank has fostered a strong learning culture where Board Members and Senior Management take part in specialized programs on corporate governance and other critical areas to strengthen leadership engagement. Moreover, as a tangible outcome of these initiatives, the Bank promoted 1,122 employees across different levels during the year, reinforcing a performance-driven culture and a clear pathway for career progression.
IFIC Aamar App: Redefining Accessibility Through Digital Banking
IFIC Bank remains committed to making banking more accessible and inclusive for everyone. In line with this commitment, the Bank has digitized a wide range of services through its modern and user-centric platform, the IFIC Aamar App. Building on this progress, IFIC Bank recently launched the web version of the app to further expand access and ensure greater convenience for customers across all platforms. A dedicated team of experts is continuously working to enhance the overall experience, with a strong focus on performance, usability, and security. As the Bank moves into 2026, customers can expect the IFIC Aamar App to become even more robust and intuitive. This advancement supports the broader objective of reducing dependency on traditional branch-based banking while enabling a seamless digital experience.
IFIC Aamar Bari: Turning Home Ownership into Reality
IFIC Aamar Bari Home Loan remains one of IFIC’s signature retail products and continues to maintain a leading position in the home loan market in terms of both volume and number of disbursements. Designed for creditworthy individuals across Bangladesh, this comprehensive facility supports the purchase of new or used apartments, construction, renovation or extension, and the mortgage of existing homes, offering a reliable and structured financial solution for achieving home ownership.
Moving Forward with Resilience and Purpose
Despite the complexities of the current financial landscape, IFIC Bank continues to move forward with clarity and determination. The Bank’s journey is defined by a steadfast commitment to its depositors, a relentless pursuit of operational excellence, and a vision to remain at the forefront of digital banking in Bangladesh.
By prioritizing asset quality, embracing transparency through global best practices, and investing in a dynamic, future-ready workforce, IFIC Bank is not merely navigating the present but is actively building a legacy of stability. The institution remains dedicated to serving as a trusted partner for its customers, ensuring that its growth and innovation contribute meaningfully to the economic prosperity of the nation. Ultimately, IFIC Bank stands prepared for the years ahead—resilient, transparent, and driven by the future.
