IFIC Bank PLC 2020 AR2
The report highlights IFIC Bank's performance and resilience during the 2020 fiscal year despite the challenges of the COVID-19 pandemic. The bank expanded its network by establishing 250 new Uposhakhas, bringing the total to 285, alongside 154 branches to promote financial inclusion. Key products like 'IFIC Aamar Account' and 'IFIC Shohoj Account' saw significant growth, with the former doubling its balance. The bank also launched 'IFIC Shohoj Rin' to support micro-enterprises, marginal farmers, and low-income individuals. Additionally, the bank actively engaged in various CSR activities, including donations to the Prime Minister's Relief and Welfare Fund and providing medical support to combat the pandemic.
Company: IFIC Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2020
Type: AR2
Pages: 352
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IFIC Bank PLC
Annual Report
The report highlights IFIC Bank's performance and resilience during the 2020 fiscal year despite the challenges of the COVID-19 pandemic. The bank expanded its network by establishing 250 new Uposhakhas, bringing the total to 285, alongside 154 branches to promote financial inclusion. Key products like 'IFIC Aamar Account' and 'IFIC Shohoj Account' saw significant growth, with the former doubling its balance. The bank also launched 'IFIC Shohoj Rin' to support micro-enterprises, marginal farmers, and low-income individuals. Additionally, the bank actively engaged in various CSR activities, including donations to the Prime Minister's Relief and Welfare Fund and providing medical support to combat the pandemic.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees