Social Islamic Bank Limited (SIBL) marked the highest operating profit among the private commercial banks in the first six months of 2011, revealed a report at a press conference on Monday.

Mohammad Ali, managing director, SIBL, told the briefing that the bank has achieved point to point capital growth of 111.08 per cent, deposit growth of 62.37 per cent, investment growth of 55.68 per cent, import growth of 84.59 per cent, export growth of 80.52 per cent and remittance growth of 107.67 per cent. 

Ali said, “The current operating profit of the bank is 216.78 crore whose point to point growth is 84.95 per cent and capital adequacy ratio is 12.83 per cent.”Terming these growths a success story for the bank, he said SIBL is in a constant thrive for improving its banking service. “We are now trying to improve our service delivery and as a part of that we have launched a three month campaign titled ‘Journey towards Service Excellence’”, he said.“Recently, on our 16th anniversary we took ‘continuous perfection’ as our theme slogan”, he added.Ali informed the bank will soon incorporate its customer’s database under its core banking software through the mobile phone.“With this initiative, our customers can complete all sorts of banking activities including balance transfer, balance checking, availing the bill payment of various utility services at their end with the help of mobile phones”, he said.MD of SIBL said the bank is also in the process of giving the concept of social banking its true embodiment. “We have also started ‘SIBL young star account’”, he said.Kamal Uddin Ahmed, chairman of the board of directors of the SIBL, was present at the press conference. He told the briefing that to celebrate the 16th anniversary of the bank; SIBL is going to honour eight different persons in its anniversary program for their contributions towards the country.“A competent panel had selected these eight persons and they are National Professor Nurul Islam for medicine, Professor Abdullah Abu Sayed for education, M Azizul Haque for Islamic banking, Sheikh Siraj for journalism, Mahbub-uz-Zaman for creative business, Nilima Akhter Chowdhury for women entrepreneurship, Haripad Kapali for agriculture and Barrister Rafiq-ul-Haque for lifetime achievement”, he said.

Source: The Independent/ Bangladesh/ 23th Nov 2011