IFIC Bank holds EGM

An Extraordinary General Meeting (EGM) of IFIC Bank Limited was held on Thursday through digital platform.

Presided over by the Chairman of the Board of Directors of the bank, Salman Fazlur Rahman, the meeting was attended, among others, by Vice Chairman, Ahmed Shayan Fazlur Rahman, directors of the bank Rabeya Jamali, A.R.M. Nazmus Sakib, Quamrun Naher Ahmed, Md. Zafar Iqbal, Managing Director & CEO Mohammad Shah Alam Sarwar and Company Secretary Md. Mokammel Hoque, said a press release.

A good number of shareholders attended the meeting both virtually and physically. They approved the special proposal for issuing IFIC Bank 1st Perpetual Bond of Tk 10,000 million as additional Tier-I capital to meet regulatory requirement as per BASEL-III through private placement and public placement subject to the approval of the concerned regulatory authorities.

Finally, with giving thanks to all, the Chairman of the bank Salman Fazlur Rahman concluded the meeting by paying homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman and his family members.