IFIC Bank highlights reforms, transparency at annual meeting
The 48th Annual General Meeting (AGM) of IFIC Bank PLC was held on Thursday (11 September) in a hybrid format, with the physical session hosted at the Army Golf Club in Dhaka.
The meeting was presided over by Md Mehmood Husain, Chairman and Independent Director of IFIC Bank. Other key directors and committee chairmen, along with the Company Secretary and shareholders, attended either in person or virtually.
In his address, Chairman Md Mehmood Husain reaffirmed IFIC's commitment to transparency, accountability, and strategic reforms. He said the Board of Directors and management team were working with a strict zero-tolerance approach towards irregularities and corruption. He assured shareholders that the bank is targeting growth in revenue, improvements in asset quality, and strong operational results, and that the bank's financial performance and key indicators are expected to show significant improvement in the coming year.
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Managing Director Syed Mansur Mustafa stated that the bank is taking concrete measures to strengthen governance, enhance operational efficiency, and build stakeholder confidence. He emphasised that IFIC's initiatives prioritise the interests of shareholders, employees, and depositors, and expressed optimism that the bank would achieve greater strength and stability.
The AGM approved the 2024 financial statements and the appointment of auditors.
