Islami Bank Bangladesh Limited has been contributing significantly in the country’s agriculture sector.
Since its inception, the bank has been working for development of agricultural sector, which is the livelihood of 80 percent of people of the country directly or indirectly.
Over the last 5 years, the bank invested more than Tk 60 billion in agriculture sector. The bank also trained two-and-a-half million farmers on using modern technology in cultivation.
The bank is also giving priority investment in agricultural marketing, agricultural support industries and storing of agro goods. The bank is contributing to achieve the country’s economic prosperity through implementation of investment projects like Agricultural Implements Investment Scheme, Rural Development Scheme (RDS) and Small Business Investment Scheme, according to sources.
Under the directive of the Bangladesh Bank to invest 2.5 percent of total investment of each scheduled bank in agriculture and rural sectors, Islami Bank had to invest Tk 75.5 billion in the last fiscal in the same sector.
The bank has invested a total of Tk 1.319 billion in this sector, which is 9 percent of disbursed amount among all banks and 23 percent among the private banks in the sector.