Islami Bank Bangladesh Ltd (IBBL) collected deposit of Tk 291.31 billion until December 31, 2010 with a rise of Tk 47.66 billion in a year from January 1 making 20 percent growth. Total investment of the bank reached Tk 291.46 billion during the same period increasing Tk 52.46 billion with 22 per cent growth compared to that of the previous year.

IBBL handled foreign exchange business of Tk 609.33 billion with an increase of Tk 146.96 billion in a year taking the growth rate to 32 per cent including import of Tk 246.33 billion, export of Tk 148.43 billion and remittance of Tk 214.58 billion enhancing Tk 85.10 billion in import, Tk 42.00 billion in export and Tk 19.86 billion in remittance respectively against the same period of the last year. The disclosure was made at the bank's year-end meeting at IBBL head office in the city recently, according to a press release.

IBBL deputy managing directors Mohd Shamsul Haque, Md Habibur Rahman, Md Setaur Rahman and Md Nurul Islam, among other top executives, attended the meeting with Managing Director Mohammad Abdul Mannan in the chair.

News: Financial Express/05 Jan 2011