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Islami Bank Bangladesh Limited

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t ie////2013 Date: February 12, 2013

Statement of Islami Bank on the recent deliberations by some corners implicating Islami Bank Bangladesh Limited.
Very recent deliberations made by some corners implicating Islami Bank Bangladesh Limited have drawn our attention. We further affirm that Islami Bank is the largest private commercial bank in the country and enjoying high reputation at home and abroad. Thirty years back this Bank has started its operations as the first ever interestfree Shariah based Bank in South East Asia under the initiative of Islamic Development Bank (IDB) with the stake-holding of 70% foreign sponsors. The remaining shares are owned by 60,000 shareholders including Investment Corporation of Bangladesh (ICB) as well as different bodies & individuals at home and abroad. Islami Bank Bangladesh Limited diversified its investment portfolio and thereby about 2.5 million employments have been created for the unemployed educated youths of the country. Islami Bank plays a vital role in fostering of export and import business and to mobilize hard earned foreign currencies from the expatriate Bangladeshis through banking channel which contributes highly towards increasing the foreign currency reserve of the country. IBBL addresses the basic human needs like food, clothing, housing, healthcare and education in its investment policies. This is the Bank for all irrespective of cast, creed, color and faith. It is the peoples bank and a bank of welfare. Islami Bank has been playing a vital role in the development of industry, agriculture, poverty alleviation as well as advancement of trade & commerce of the country. Moreover, it secures top position among the local banks in paying tax to the Govt. Exchequer. All the activities of IBBL are being monitored, inspected and reviewed regularly by the regulatory bodies of Bangladesh. With their valued advice, suggestions, continuous support and peoples confidence this Bank has become a leading one in our country. We express our deep gratitude and indebtedness to all concerned including the regulatory bodies, shareholders, depositors, investment clients, well wishers, stakeholders and common mass of the country. Islami Bank has received various awards, appreciations and recognitions from national and international bodies for its transparency, accountability and contribution. IBBL is the best rated bank in the country. This bank has been considered as a model Islami Bank by international organization like IDB. Globally renowned UK based century old financial magazine The Banker placed Islami Bank Bangladesh Limited among the top 1000 (one thousand) Banks of the world in their latest evaluation and IBBL is the first bank from Bangladesh which has been able to incorporate its name in such a prestigious position that resulted brightening the image of our country. New York based internationally reputed financial magazine The Global Finance conferred IBBL with the Best Bank Award, Best Financial Institution Award and Best Islamic Financial Institution Award consecutively for eight times. Islami Bank was awarded Best Corporate Award by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) in Islamic Banking Operations category. Besides, IBBL has also been awarded Corporate Governance Disclosure Award - 2011 by the South Asian Federation of Accountants (SAFA). Moreover, SAFA awarded IBBL for Best Presented Accounts Corporate Governance Disclosure amongst the SAARC countries jointly with Hatton National Bank PLC (HNB) Sri Lanka. Islami Bank is such a welfare oriented banking institution which contributed directly or indirectly in uplifting the economic condition of crores of people including accelerating the trade, commerce, industry, foreign exchange and agriculture. Any comments involving a leading bank like IBBL without ascertaining the genuineness is quite unfortunate. It is a public institution. It is the responsibility of all to protect the public interest. We earnestly request all responsible concerned to refrain from expressing any confusing statement.

Md. Ataur Rahman Executive Vice President