Industries Minister Dilip Barua said on Sunday that the banking sector has been playing an important role in graduating Bangladesh into a middle income country.

Barua made the statement at the inaugural function of IFIC Bank’s 100th branch at Tejgaon-Gulshan Link Road in Dhaka as chief guest.

He hoped that IFIC Bank would also contribute to the development of banking sector of the country through introducing modern banking services.

Chairman of the Bank Salman F Rahman presided over the function.

Members of the Board of Directors Syed Manjurul Islam and Monirul Islam, eminent lawyer Barrister Rafiqul Haque, Publisher of the daily New Age Shahidullah Khan Badal, the bank’s former officials, noted industrialists and businessmen, among others, were also present on the occasion.

Managing Director of IFIC Bank Mohammad Abdullah, former MD Shawkat Ali Chowdhury, Chairman of Advanced Development Group SM Anwar Hossain and Director of Nina Holdings Junayed Abu Saleh Musa also spoke at the function.

Recalling the scenario of banking sector 29 years back, Salman F Rahman said when IFIC Bank started its journey many people had doubts about its fate, as state-owned banks were dominating the sector. But the situation has now changed as private banks are leading in all aspects, he added.

The Daily Sun/Bangladesh/ 25th June 2012