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Two competitive brand and there segment strategy.

Brand profile: BRAC Bank Limited; BRAC Bank Limited, with institutional shareholdings by BRAC, International Finance Corporation (IFC) and Shore cap International, has been the fastest growing Bank from 2004 to 2007. The Bank operates under a "double bottom line" agenda where profit and social responsibility go hand in hand as it strives towards a poverty-free, enlightened Bangladesh. A fully operational Commercial Bank, BRAC Bank focuses on pursuing unexplored market niches in the Small and Medium Enterprise Business, which hitherto has remained largely untapped within the country. In the last six years of operation, the Bank has disbursed over BDT 7500 crore in loans to nearly 200,000 small and medium entrepreneurs. The management of the Bank believes that this sector of the economy can contribute the most to the rapid generation of employment in Bangladesh. Since inception in July 2001, the Bank's footprint has grown to 56 branches, 30 SME Service Centers, 427 SME unit offices and 112 ATM sites across the country, and the customer base has expanded to 465,000 deposit and 187,000 advance accounts till December 2008. In the years ahead BRAC Bank expects to introduce many more services and products as well as add a wider network of SME unit offices, Retail Branches and ATMs across the country.

IFIC Bank International Finance Investment and Commerce Bank Limited (IFIC Bank) is a banking company incorporated in the People's Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions abroad. The Government held 49 per cent shares and the rest 51 per cent were held by the sponsors and general public. In 1983 when the Government allowed banks in the private sector, IFIC was converted into a full-fledged commercial bank. The Government of the People’s Republic of Bangladesh now holds 35% of the share capital of the Bank. Leading industrialists of the country having vast experience in the field of trade and commerce own 34% of the share capital and the rest is held by the general public. Our Mission is to provide service to our clients with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make our position unique in giving quality service to all institutions and individuals that we care for. We are committed to the welfare and economic prosperity of the people and the community, for we drive from them our inspiration and drive for onward progress to prosperity. We want to be the leader among banks in Bangladesh and make our indelible mark as an active partner in regional banking operating beyond the national boundary. In an intensely competitive and complex financial and business environment, we particularly focus on growth and profitability of all concerned.

Competitive segments


2

BRAC BANK

IFIC BANK

1.SME banking

2.Retail banking

3.Corporat e banking

4.Probashy banking

5.other

1.Annono Rin

Loan Product

Corporate loan project.

Account and deposit.

Student Corner

Trade financing

Investment

SMs Banking

Loan Credits

Non stop Banking

2.Opurbo Rin 3.Pathshala Rin

Deposit Product Card

Corporate cash management

Cars

and

1 Corporate Banking

Locker Service

4.Arroggo Rin

a. Over Draft

5.Digun Rin

b. Term loan

Visa fee Collection

6.Prothoma Rin

c. Lease finance

Phone Banking

d. Loan against trust

Credit Card

, Working Capital Finance , Project Finance , Term Finance , Trade Finance , Lease Finance , Syndication Finance

2 Retail Banking

3 Treasury & Capital Market

4 SME Banking

5 A C

Consumer Finance , Deposit Product , Card , NRB Account , Student File , SMS Banking

, Money Market , Forex Market , Brokerage House

, Easy Commercial Loan , Retailers Loan , Transport Loan , Commercial House Building Loan , Possession Right Loan , Contractor's Loan , Bidder's Loan , Working Capital Loan , Project Loan , Trade Finance , Muldhan , Women Entrepreneu r's Loan

, S R , S R , P & K , P R

e. Work order finance f. Medium Enterprise

BRAC Bank segments in details 1.SME banking

2.Retail banking

1.Annono Rin • Loan

3.Corporate banking •

Corporate

4.Probashy banking •

Account

5.other •

Student


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Product 2.Opurbo Rin • Deposit Product 3.Pathshala Rin • Card 4.Arroggo Rin 5.Digun Rin 6.Prothoma Rin

loan project. •

Trade financing

Corporate cash managem ent

a. Over Draft b. Term loan c. Lease finance d. Loan against trust

and deposit.

Corner •

SMS Banking

Investment

Loan and • Non stop Credits Banking

Cars

Locker Service

Visa fee Collection

Phone Banking

Credit Card

e. Work order finance f. Medium Enterprise. SME Banking The most valuable natural resource of Bangladesh is its people. As a nation we struggled for our independence and now the attainment of economic uplift is the main goal. Micro lenders are working here in the financial field, providing very small amount and on the other hand regular commercial banks have been providing bigger amount of loans to larger industries and trading organizations. But the small and medium entrepreneurs were overlooked. This missing middle group is the small but striving entrepreneurs, who because of lack of fund cannot pursue their financial uplift, as they have no property to provide as equity to the commercial banks. With this end in view-BRAC Bank was opened to serve these small but hard working entrepreneurs with double bottom line vision. As a socially responsible bank, BRAC Bank wants to see the emancipation of grass-roots level to their economic height and also to make profit by serving the interest of missing middle groups. 50% of our total portfolio usually collected from urban areas, are channeled to support these entrepreneurs who in future will become the potential strength of our economy. We are the market leaders in giving loans to Small and Medium Entrepreneurs. We have been doing it for the last five years. Anonno Rin


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Anonno Rin” is a business loan designed to finance small scale trading, manufacturing and service ventures, especially to to help small and medium entrepreneurs to meet their short-term cash flow shortages and bridge the fund-flow gaps Eligibility • Entrepreneurs with minimum 2 years experience in the same line of business Business must be a going- concern with more than 1 year in operation, Pathshala Rin Pathshala Rin” is a loan designed to meet the needs of small and medium sized private educational institutions, such as kindergartens, schools and colleges etc. Eligibility • The educational institution must be in operation for minimum 3 years The educational institute must be a profit making concern, Aroggo Rin Aroggo” is a loan allowed to various Health service Provider like private clinics, diagnostics centers and doctors' chambers. The product offers fixed assets purchase financing under equated Monthly Installments. Eligibility • Minimum 2(two) years in operation • Health center must be located in the same address for at least 6 months • Health center must be a profit making concern Doctors having 5 years of experience can avail the loan in his/her personal name, Digoon Rin This is a double loan on your deposit. Now you do not need to encash your savings rather you can take double amount of loan on your deposit for your business expansion. Eligibility • Entrepreneur having minimum 2 years of business activitie • The business which must be a going concern for 2 years Cash security (BRAC Bank FDR) 50% of the loan amount., Prothoma Rin "PROTHOMA RIN" is a loan facility for small and medium sized business, which are operated by women entrepreneur. The product offers terminating loan facilities for the purpose of working capital finance and/or fixed assets purchase. Eligibility • Entrepreneurs with minimum 2 years experience in the same line of business Minimum 1(One) year of continuous business history, Prapti Current Account “Prapti Current Account” an interest bearing current account. This account ensures the profitable and easy transaction facilities for Businesses. Eligibility • Any institution can open this account in the name of the Institution • Opening balance only BDT. 5,000 only. Features • Interest bearing current account • Up to 4% interest on daily balance


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FREE Smart ATM Card with BDT-100,000 withdrawn facility (per day) from ATM & BDT- 300,000 from POS • No upfront relationship fees • No inter-city or intra-city online transaction charges • No Relationship fee will be charged if half yearly average is BDT 25,000, along with free cheque book. Cash Secured Loan "Cash Secured Loan" is a loan facility for small and medium sized business. There are two types of loan facility in the product i.e. Secured Loan and Secured Overdraft. These facilities are fully secured by fixed deposit of BRAC Bank. Eligibility • 6 (Six) months experience in the same line of business. BRAC Bank FDR minimum 100% of loan amount, Bizness loan Bizness loan is an equated monthly loan facility for all types of business who have healthy bank transactions for the purpose of working capital finance and/or fixed assets purchase. Eligibility • Healthy bank transactions • Minimum 3 (three) years of continuous business history • BRAC Bank FDR 50% of the loan amount for new loan and 30% of the loan amount for repeat loan Proshar Proshar" is a loan facility for small & medium sized manufacturing business. The product offers loan facilities for working capital finance and/or fixed assets purchase. Eligibility • Entrepreneur must have minimum 2 years experience in the same line of business • Minimum 2 (Two) years of continuous business history of the enterprise Trade Plus Trade plus is a composite facility for small & medium sized import-oriented businesses to meet their trade finance requirements. Eligibility An import oriented business having valid trade license, Import registration certificate, V.A.T. Registration certificate & T.I.N. Certificate, Features • Two types of Letter of Credit Facilities – One Off LC and Revolving LC • Two types of post import finance facility –LATR & Revolving loan Super Supply Loan Super Supply Loan is a loan facility for Suppliers of various large retailers, marketing companies, manufacturing companies and various corporate houses. This product’s main objective is to help various Suppliers to meet their financial requirements. Eligibility • Entrepreneur having 2 (two) year’s experience in the same line of business • Operating the current business for last 1 (one) year Retail Banking, Loan Products


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, Salary Loan Keep an extra 15 month's salary in your pocket. You can get BRAC Bank Salary loan, Loan against your salary. If you are a salaried individual working in Bangladesh, Please read on. Because Salary Loan from BRAC Bank has been designed with just you in our minds. Eligibility • Employed as a regular salaried staff • Have minimum age of 25 years, max - 53 years (at the time of application) • If you earn a gross monthly salary of Tk. 10,000 * Maximum Amount • Anywhere between 1.5 lac to 10 lac (maximum) NoW Loan 'You choose while we pay'!! Life is good make it better when you can enjoy BRAC Bank NoW Loan. In case you need to purchase home appliances, furniture's, computer or other consumer durables for personal use, we offer you the most appropriate solution with our NoW loan. Eligibility • Letter of Introduction • BRAC Bank account holder aged from 25 to 55 • A salaried employee with minimum monthly income of TK 10, 000 • Employed in your current organization for two years • 3 months Bank statement (latest) • Pay slip required if salary paid in cash Car Loan Why toy with your dreams when you can own one', BRAC Bank Car Loan can stop your dreaming and Start driving Whether you want to purchase a brand new car or a reconditioned one, we have the most customer-friendly car loan scheme available for you. Eligibility • Both salaried executives and business persons • Age between 21 at the time of application to 60 at the time of maturity • Minimum monthly income BDT 25,000 • Length of service/Age of business: Minimum 2 years Teachers’ Loan 'Honest profession, Honest Service'. BRAC Bank Teachers' Loan provides a wedding or a dream holiday, financing a business or surviving an emergency, Teachers Loan can be yours just within three days of application! Eligibility • A teacher of any reputed school or university • Have a minimum length of service record of at least two years • Have a minimum net salary of Tk. 5000 • Have a minimum age of 23 years Maximum Amount • 10 times of your gross monthly salary • The loan amount stretches from Tk. 50,000 to Tk. 10,00,000 (maximum) Study Loan 'Your gateway to the world' BRAC Bank Study Loan gives your child deserves the best education and you have planned it ahead. But worried about financing? BRAC bank has the perfect solution for your child's future. Eligibility


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Parent/ financial guarantor of the student pursuing higher education locally and abroad • Earning TK 25,000 per month • Aged between 30 to 60 years Business Person: • TIN • Company and personal Bank statement (latest) 6 months Travel Loan 'It's time to fly', BRAC Bank Travel Loan opens the door for planning to take a trip abroad and worried about financing? Before you start packing your bags for vacation abroad, you have too many things to take care. Leave your money- matters to us while you pack your bags. Our fast and easy loan processing will simply add excitement to your travel plan. Eligibility • An individual with minimum monthly income of TK 15,000 • A salaried or a self employed person • Aged between 25 to 53 years Maximum Amount • 8 to 10 times of gross salary Credit Card Loan When you have a credit card sky is your limit with BRAC Bank. Now, a credit card is all you need to get a loan from BRAC Bank. Loan can be used for any reason from buying consumer goods, automobile to vacation expenses. Just decide what to do and start planning for it. Eligibility • A one-year-old local credit card with any institution A minimum of 12 months of satisfactory credit card relationship with any credit card issuer in Bangladesh ,

Top Up Loan Is your loan track record playing smooth? BRAC Bank Top Up Loan is easy loan for good borrower. This unsecured loan is designed to meet various personal needs without mentioning the purpose at all. Just apply according to your requirements Eligibility • An existing retail borrower of a reputed financial institution with good repayment history • A salaried or a self employed individual • Aged between 30 to 55 years Maximum Amount • Taka 10 Lac HighFlyer Loan Enjoy life to the fullest and take benefit of the varied opportunities it offers you. BRAC Bank's HighFlyer Loan is for airline, GSA & Travel Agency professionals is to makes your long cherished desires an absolute reality. Eligibility • Maximum 20 times of your net monthly salary. • Minimum loan size is BDT 50,000, loan is available up to BDT 500,000. Maximum Amount • 15 times of your gross monthly income


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Features • • • •

No Security Fastest Processing Time Loan up to 5 years Attractive interest rate HighFlyer Loan Enjoy life to the fullest and take benefit of the varied opportunities it offers you. BRAC Bank's HighFlyer Loan is for airline, GSA & Travel Agency professionals is to makes your long cherished desires an absolute reality. Eligibility • Maximum 20 times of your net monthly salary. • Minimum loan size is BDT 50,000; loan is available up to BDT 500,000. Maximum Amount • 15 times of your gross monthly income Features • No Security • Fastest Processing Time • Loan up to 5 years • Attractive interest rate Doctor's Loan BRAC Bank introducing Doctor's Loan, an exclusive loan facility for the Doctor's fraternity. Now practicing Doctor's can avail this loan very easily to meet their professional needs. So prescribe yourself a dream today. Anti-Headache solution for Doctor's. Eligibility • Having M.B.B.S. with 2 years of experience • A salaried or a self employed Doctor's • Aged between 25 to 55 years Maximum Amount • Taka 15 Lac Features • Loan from BDT 2 Lac to BDT 15 Lac • No Security Required • Loan in 48 Hours Deposit Product Fixed Deposit Opening »

A

Current

General » A term deposit with a » Competitive » Early » Secured Loan and/or Secured Overdraft eligibility

Account guaranteed

or monthly interest encashment

Requirements Account

Savings return

on

Features investment rates flexibility

Interest First Fixed Deposit This time you don't have to wait till maturity to receive interest on your Fixed Deposit. BRAC Bank Interest First Fixed Deposit lets you draw the interest instantly at the time of your deposit. Believe it. A deposit scheme where the client receives interest in advance. Features • Instant interest on fixed Deposit • Interest reinvestment opportunity • Attractive rate of return


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Loan facility against the IFFD Abiram Account Your hard earned money is paying-off immediately; BRAC Bank 'Abiram' Account is a special type of Fixed Deposit scheme, which offers the flexibility & comfort of having a guaranteed monthly return on your investment. With BRAC Bank 'Abiram' Account, you can ensure a safe & steady return on your investment. Features • Monthly interest on your deposit Attractive rate of return • 95% loan against your deposit Zee Account 'Banking That Sets You Free' BRAC Bank offers you EZee Account a non-cheque interest bearing account for small savers who are in frequent need of transaction. You don't need to write a cheque or stand in a long queue to draw your own money from BRAC Bank. You can get an ATM card to operate your account round the clock. Features • 24 hour access to ATMs and POS • Interest on daily balance • No minimum balance • No ledger fees DPS BRAC Bank's Deposit Premium Scheme is a savings plan that adds value to your hard earned money. Features • Monthly installments can be as low as Tk. 500 or any multiples of it • Choose any day as your installment date • Receive a Savings a/c with a personalized cheque book • On-line banking facilities • You don't need to stand in a long queue to deposit your DPS Installments. You can always deposit more than one installment in your savings account and we'll automatically transfer the installment to your DPS account on due dates Maturity amount after completion of all regular Monthly Installment installments payment* Amount (BDT.) 4 Years 7 Years 11 Years 14 Years 500.00 28,667.0058,650.00 116,603.00 179,550.00 1000.00 57,334.00117,300.00 233,207.00 359,101.00 Savings Account A regular savings account offering you interests on your deposit amount. Features (Conditions Apply) • 8 transactions • Cash withdrawal and deposit of 5 lac and above need clarification • No forfeiture rules or hidden costs • No requirement for notices to be given before making a withdrawal • Use our network of ATMs for easy cash withdrawal • Get mini balance statements from our ATM whenever you need • Interest rate of 5.5% on average monthly balance How to open a Savings Account • Primary Account opening balance - 15,000 BDT a • No minimum balance required


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Photocopy of your valid passport 3 copies of your recent photograph Valid photocopy of you ID Card/Driving License Photocopy of your Trade License Nominee's Photograph Short Term Deposit A deposit scheme to give returns on your savings. Features • Minimum balance required is Tk. 100,000 • Interest paid twice a year but calculated monthly if balance is Tk. 100,000 or above • Secured returns. Savings Account A regular savings account offering you interests on your deposit amount. Features (Conditions Apply) • 8 transactions • Cash withdrawal and deposit of 5 lak and above need clarification • No forfeiture rules or hidden costs • No requirement for notices to be given before making a withdrawal • Use our network of ATMs for easy cash withdrawal • Get mini balance statements from our ATM whenever you need • Interest rate of 5.5% on average monthly balance How to open a Savings Account • Primary Account opening balance - 15,000 BDT • No minimum balance required • Photocopy of your valid passport • 3 copies of your recent photograph • Valid photocopy of you ID Card/Driving License • Photocopy of your Trade License • Nominee's Photograph • • • • •

Current Account BRAC Bank's Current Account is a normal checking account, giving you the option to deposit and withdraw money for your day-to-day needs. Features • ATM card for easy cash withdrawal • Withdraw money from all our ATMS • Deposit cheques at any of our branches and get the fund transferred to your account immediately • Use online banking facility for free • Easy access to our other facilities Salary Account BRAC Bank Salary Account is a payroll account for Employers and Employees. As an organization, you can opt for our Salary Account to enable easy disbursements of salary & enjoy numerous other benefits. Eligibility The organization needs to have a minimum of 10 employees and a payout of Tk. 1 lac per month and an average salary per employee of Tk. 10,000 per month.


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Zero Balance There is no minimum balance required to open Salary Account. Your employees can open Salary Account with zero balance Non-Checking Account Salary Account does not have a cheque book. Hence, your employees don't need to worry about any fraud. It ensures complete peace of mind. ATM Debit Card Your employees will be provided with ATM Debit Cards to allow them to access to 24 hour banking. These ATM Debit Cards can also be used for retail purchases at various stores all around the country. Saving Interest The account also accrues interest on deposits. No minimum balance is required to earn interest on the account. All an employer would require to do is to send BRAC Bank an advice (in the form of a cheque/debit instruction etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice. Corporate Banking Corporate Loan Products Trade Finance Corporate Cash Management Corporate Loan Products • • •

Overdraft This is an on-demand credit facility designed to meet day-to-day operational activities of the business, including purchase of raw materials and expenses. Term Loan Short Term Loan/ Revolving Loan: This scheme is to meet different short-term fund requirements of the client. Payment of duty, Tax, VAT and other expenses related to the release of goods from customs through pay orders in the name of customs authority or Bangladesh Bank cheque is payable through this scheme. Lease Finance One of the more convenient long-term sources of acquiring capital machinery and equipment. The client is given an opportunity to have exclusive rights to use an asset, for an agreed period of time, against payment of rent. Loan Against Trust Receipt (LATR) This is an advancement against a Trust Receipt provided to the client when the documents covering an import shipment are given without payment. Under this system, the client will hold the goods of their sale proceeds in trust for the bank, until the loan allowed against the Trust Receipt is fully paid. Work Order Finance BRAC Bank provides Work Order finance facility for its valued clients. Through this arrangement, clients can avail loan facilities against valid Work Orders up to a certain proportion. Medium Enterprise


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Medium Enterprise Unit The products offered under this sort of financing are versatile in nature and each product is tailored according to the need of the borrower, under certain parameters. The range of organizations this sort of financing caters to include proprietorship concerns, private limited companies, educational institutions as well as NGOs. The purpose of this unit is to serve medium enterprises having facility requirements like a large corporate in nature, but smaller in volumes. The facilities may range from a single-funded or nonfunded limit to a composite credit facility that include various corporate products. We believe that the emerging medium enterprise of today is tomorrows large corporate that will facilitate the true growth of our nation. Trade Finance Letter of Credit (LC)/ Letter of Guarantee (LG) Letter of Credit (LC): This facility is related to import or local purchase of different items. It is also provided for the import and export of goods (such as raw materials, machinery, equipment, any trading item). Letter of Guarantee (LG): To meet different contractual requirement such as participating in Bid, Performance Guarantee and Advance Payment guarantee for different contractual requirements. Corporate Cash Management • NCS •

PTS

Advantages

to

Employers

Advantages

to

Employees

Cash Management ServicesNCS BRAC Bank will collect your bills through our Bills Pay Machines in the strategic locations of the city and also at the correspondent branches, where the BRAC Bank branches are not available and at the booths Advantages to Employers Salary Upload Salary upload through a single cheque. All you have to do is give consolidated cheque of the total salary amount to BRAC Bank and a breakup of the disbursements to the employees in soft and hard copy format. •

Multi-Location Salary Multi-Location Salary Disbursal is possible within BRAC Bank Network: With BRAC Bank, salaries of all employees located across Bangladesh can be uploaded from a single point upload. Affordability Have you ever thought about how much time you spend managing payroll? This equates to time taken away from revenue-producing activities. Outsourcing with the right payroll service provider will save your time and money.


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Accuracy Even with the simplest of payrolls, it's easy to make mistakes. Without current and on-going training in payroll compliance, your company could face unhappy employees to boot. Privacy It can be embarrassing and detrimental if the wrong eyes fall on the salary cheques. Confidentiality is much easier to maintain when payroll is outsourced. MIS Payroll companies offer a wide array of standard reports along with these invaluable reports which are neat and concise. Professionalism what better way to show your employees that your company is professional and secure? By outsourcing your payroll coupled with all benefits of BRAC Bank savings accounts will enhance your successful image and will make employees happy. PTS PTS will allow you to disburse all kinds of payments anywhere in the country through our own branch network in Dhaka, Chittagong, Sylhet, Savar, Feni and the partner bank branches all over the country. Advantages to Employees Employees automatically become BRAC Bank Salary Account Holders with special benefits and privileges and receive instant salary credit. Here are some of the features of BRAC Bank Salary Account 24 Hour banking Our ever expanding ATMs are now available 24 hours a day and seven days a week. Choose your own time to bank and you don't have to stand in a queue. Online banking No need to visit the branch where you initially opened your account. Walk into any branch in the country and enjoy the benefits of a fully online banking facility. Extended Banking Hours Most of our branches feature non-stop banking till 8:00 p.m. every day except for Thursdays and Fridays. Employers and employees can avail this facility at their convenience and leisure. PayDay Overdraft Employees can get an emergency overdraft facility on request, based on their take-home salary. This would be adjusted in their following salary credit. Salary Loan Salary Account holders can get BRAC Salary Loan up to a maximum of 15 times of their gross monthly income. Salary Loan can be repaid in equal monthly installments from 12 months to 60 months. Personal Loan As a special offering, our Salary Account customers would be peovided with personal loans such as: Car loan Credit Card Loan Student Loan NoW Loan ( Life Style Loan) Travel Loan etc.


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Bureau De Change Your employees can meet all their foreign currency needs, buy foreign currency in cash and internationally valid Travelers' Cheques issued by the world famous American Express Co. Ltd. When others might dress up their banking with worthless extras to justify a fee, we believe that banking delivered well is what you should expect and what we should deliver. We don't charge a minimum balance fee or cheque book issuing fee; we do hope that if we do our service right you will want to do more business with us. We can't promise always to have the best interest rates but we can promise to have sustainable good pricing stated clearly and without any hidden "charges". Who knows what the future might hold? Our approach is to be ready when we have services that might be of interest to you. Apart from usual transactional and fixed Term Deposit Accounts, take a look at what being part of the fastest growing bank in Bangladesh can provide to your company. Cash Management Services BRAC Bank's national Collection Services (NCS) is designed to assist corporate with nation wide collection requirements by providing faster funds availability in a cost- effective manner. Cash Collection Services: Through our Cash Collection Services we collect cash directly from your offices/business premises. The whole process is arranged with executive logistic services. Drop Box Facility: On request, we can install Drop Box at your office which can be used for depositing cheques or any instruction. Our representative will visit your office and clear the box every day. Probashi Banking Accounts & Deposits Probashi Current Account Probashi Savings Account Probashi Shubidha Account Probashi Fixed Deposit Probashi Shubidha Fixed Diposit Probashi Abiram Probashi Shubidha Abiram Probashi DPS Probashi Shubidha DPS

Segments of IFIC 1 Corporate 2 Retail 3 Treasury & 4 SME Banking Banking Banking Capital Market

5 Agriculture C

Consumer , Money Market , Easy Commercial , Krishi Saronja , Working Capital Finance , Forex Market Loan , Shech Sa Finance , Deposit , Brokerage , Retailers Loan Rin , Project Finance Product House , Transport Loan , Poshupok


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, Term Finance , Trade Finance , Lease Finance , Syndication Finance

, Card , NRB Account , Student File , SMS Banking

, Commercial House Motsho Khama Building Loan , Phalphashali , Possession Right Loan , Contractor's Loan , Bidder's Loan , Working Capital Loan , Project Loan , Trade Finance , Muldhan , Women Entrepreneur's Loan

Corporate Banking

IFIC Bank is providing a wide range of financial services, offering specialist advice and products to corporate clients to meet diverse demands of changing market scenario. We have expertise to customize products & services to meet specific requirements of our clients. We are committed to serve our customer with extensive branch net work all over the country to expedite our client's business growth. We facilitate your business to face the challenges and realize opportunities, now and in the future. Our main focus is relationship based banking and understanding corporate & institutional business environments. Our experienced Relationship Managers & their team can respond to and anticipate your needs and give you competitive business advantages. Products and services for commercial and business customers include: Working Capital Finance, Project Finance, Term Finance, Trade Finance, Lease Finance, Syndication Loan etc. • Working Capital Finance Business Enterprises engaged in manufacturing/ trading/ service business are eligible to avail Working Capital Loan to meet day to day expenses for processing of manufacturing and selling product & services. Working capital products include both fund and non-fund based products. Fund-based working capital products include secured over draft, cash credit, packing credit, short-term loans payable on demand bank guarantees. Non-fund based products include bank guarantee; performance guarantees and bid bonds are also supporting the business of our customers.

Project Finance IFIC Bank provides project loan to set up /BMRE of long-term infrastructure and industrial projects/ service unit on the basis of debt and equity rather than the balance sheets of project sponsors. Project financing have been recognized as an important and crucial mode of finance for a financial institution for substantial growth of its industrial credit vis-à-vis managing long term finance. Growth of project finance/Industrial credit of a developing country like Bangladesh is considered as a key parameter for transforming her dream into a mid income country group. Hence, apart from trade and commercial finance; IFIC Bank Ltd. from the very beginning has been an active partner of the private sector in developing large and medium scale industry of the country. The Bank has been financing Term Loan (Industrial) facility for establishing new project and/or BMRE of various projects in the sectors viz. textile, garments, power, steel,


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telecom, pharmaceuticals, packaging, consumer products, health, CNG refueling, Real estate • Term Finance We are offering short term & mid term finance to you to meet emergency financial needs of our project/business. • Trade Finance Import 01. Letter of Credit Business Enterprises can avail Non-funded facility for import / procurement of raw materials, machinery, equipment, merchandise item. 02., Loan against Imported Merchandize (LIM) Business Enterprises engaged in import merchandise can avail working capital for retirement of import documents. 03., Loan against Trust Receipt Business Enterprises engaged in import of merchandise can avail working capital for retirement of import documents. Export 01. Pre-shipment finance Back to Back L/C, EDF, ECC, SOD (Working Capital Finance), Packing Credit. 02., Post-shipment finance Foreign Documentary Bills Purchase, Inward Documentary Bill Purchase.

Lease Financing

Lease financing became a thrust sector for individual and small enterprise besides medium and large enterprises. IFIC Bank has been providing lease finance facility to its customer for acquisition of manufacturing and service equipments for all major industrial sectors. The facility helps the customer to have better financial flexibility under budgetary constraints and to enjoy tax benefit. IFIC offers financing vehicles/ CNG conversion/ refueling plant/ sea or river transport, capital machinery/ plat/ equipment/ lift / generator/ boiler, construction equipment/ computer for IT education center, medical equipment etc.

Syndication Finance

IFIC Bank along with other commercial banks has been financing large scale projects under syndication arrangement to raise and meet huge credit need of a company. This arrangement allows the Banks to share expertise among them and diversify its credit risks. To cater the need of leading corporate house IFIC Bank has been raising fund from the banking sector on behalf of the customer through syndication arrangement. • Retail Banking A. Consumer finance


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Retail Banking is mass- banking facility for individual customers to avail banking services directly from our wide branch net work all over the country. We provide one-stop financial services to all individual customers through our innovative products & services to cater their need. With a view to provide faster and more convenient centralized online banking services, most of our branches have been brought under the real time online banking system. IFIC Bank offers a wide variety of deposit products, loan product & value added services to suit your banking requirements. Products and services for individual customer include: Consumer Finance, Deposit Product, Card, NRB Account, Student File, SMS Banking etc. 1. IFIC Easy Loan Our Easy Loan is to serve your any personal financial needs. The loan is absolutely hassle free & paid against financial securities. Eligibility Adult person having an account with us then easily apply for the IFIC Easy Loan. Loan Size

• • • •

, Maximum 95% of the face value of FDR. , Maximum 100% * of the MIS amount. , Maximum 100% of the principal amount of PSS. , Maximum 90% of ICB Unit Certificate.

Repayment Tenure , 12 to 36 months. Shortest possible processing & least formalities 2. Consumer Durable Loan IFIC creates an opportunity to satisfy customers' desire to purchase consumer durables like - computer, television, refrigerator, washing machine, air conditioner, music systems, motor cycle and a lot of other things by Consumer Durable Loan. IFIC Bank is providing maximum 1.00 lac taka to be repayable in by 12 to 36 monthly installments. Consumer Durable Loan Repayment Schedule Monthly installment Loan Amount

Interest Rate 36 months

Maximum Tk. 100,000/- @16.50%

3. Parua (Education Loan)

Tk. 3,542/-

24 months

12 months

Tk. 4,922/-

Tk. 9,099/-


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IFIC Bank offers Education Loan that can make a student's dream comes true. IFIC Bank firmly believes that expense for education is an investment for future. Only education can fulfill the dreams of an individual as well as a nation. IFIC Bank is providing maximum Tk. 8.00 lac to be repayable in 12 to 48 monthly Installments. Parua (Education Loan) Repayment Schedule

Loan Amount

Interest Rate

Monthly installment 48 months

36 months

24 months

12 months

Tk. 100,000/@16.50%

Tk. 2,861/- Tk. 3,542/- Tk. 4,922/- Tk. 9,099/

or multiple

4. Thikana (Home Loan) Home is an address, a shelter for entire life, and this is what one leaves behind for the family. A house is the single biggest investment that you will make in your lifetime. To own a home from savings takes a long time and full payment at a time is difficult too. Don't wait your entire life saving. Trust us, take a Home loan from IFIC and realize your dreams now. IFIC Bank is providing maximum Tk.75.00 lac to be repayable in 12 to 180 monthly installment.

Thikana (Home Loan) Repayment Schedule Loan Amount

Interest Rate

Monthly installment (Tk.) 15 years 14 years 13 years 12 yearss 1,401/-

1,429/-

1,462/-

1,503/-

11 years 10 years 09 years 08 yearss Tk.1,00,000/-

1,553/-

1,615/-

1,694/-

1,796/-

@ 15.00% p.a. 07 years 06 years 05 years 04 yearss or Multiple

1,932/-

2,117/-

2,381/-

2,785/-

03 years 02 years 01 years 3,469/-

4,851/-

9,029/-

5. Any Purpose Loan If you're looking for a personal loan to meet any financial requirement that's easy to get, your search ends with us. IFIC Any Purpose Loan caters to various needs of salaried people.


19

With minimum formalities you can get a loan for an amount upto Tk.3.00 lac to be repayable at 12 to 36 monthly installments. The loans are easy & absolutely hassle free. Any Purpose Loan Repayment Schedule Loan Amount

Interest Rate

Tk. 100,000/- @16.50%

Monthly installment 36 months

24 months

12 months

Tk. 3,542/-

Tk. 4,922/-

Tk. 9,099/-

6. IFIC Marriage Loan The single most important day of your life, begin you new family in style. Money is only an object for such an important event and shouldn't be a barrier to its perfection. If you need extra funds to ensure your special day is one to remember than come into on IFIC Bank branch and trust us to help you realize your dreams. IFIC Bank is providing maximum Tk. 3.00 lac to be repayable in 12 to 36 monthly installments. Marriage Loan Repayment Schedule Monthly installment Loan Amount

Interest Rate 36 months

Maximum Tk. 100,000/- @16.50%

Tk. 3,542/-

24 months

12 months

Tk. 4,922/-

Tk. 9,099/-

7. CNG Conversion Loan Due to price hike of fuel, CNG conversion has become the necessity of time. IFIC Bank understands the needs and offers you the best suitable loan for CNG conversion of your vehicle. IFIC Bank is providing maximum Tk. 1.00 lac to be repayable in 12 to 36 monthly installments. CNG Conversion Loan Repayment Schedule Monthly installment Loan Amount

Interest Rate 36 months

Maximum Tk. 100,000/- @16.50%

Tk. 3,542/-

24 months

12 months

Tk. 4,922/-

Tk. 9,099/-


20

8. IFIC Home Renovation Loan What to turn a home into your own? If you need to renovate your home, either from necessity because your family has grown, or if you just have a vision that you want to have realized from your old house, then come into an IFIC branch and trust that we will help you realize your dreams. IFIC Bank is providing maximum Tk. 3.00 lac to be repayable in 12 to 36 monthly installments.

Home Renovation Loan Repayment Schedule Monthly installment Loan Amount

Interest Rate 36 months

Maximum Tk. 100,000/- @16.50%

Tk. 3,542/-

24 months

12 months

Tk. 4,922/-

Tk. 9,099/-

9. IFIC Medical Loan IFIC Bank lets you to focus on Medicare of your family and yourself - taking away the worry of finance. IFIC Medical Loan caters hospitalisation or other emergency medical needs to salaried people. The loans are easy & absolutely hassle free.IFIC Bank is providing maximum Tk. 3.00 lac to be repayable in 12 to 36 monthly instalment. Medical Loan Repayment Schedule Monthly installment Loan Amount

Interest Rate 36 months

Maximum Tk. 100,000/- @16.50%

Tk. 3,542/-

24 months

12 months

Tk. 4,922/-

Tk. 9,099/-

10. IFIC Holiday Loan When you plan to visit overseas with family or friend for taking a break from routine, enjoying nature, making a holiday - all these can happen through IFIC Holiday Loan. IFIC Holiday Loans are easy & absolutely hassle free. IFIC Bank is providing maximum Tk. 3.00 lac to be repayable in 12 to 36 monthly Installments

IFIC Holiday Loan Repayment Schedule Loan Amount

Interest Rate Monthly installment


21

Maximum Tk. 100,000/- @16.50%

36 months

24 months

12 months

Tk. 3,542/-

Tk. 4,922/-

Tk. 9,099/-

11. IFIC Peshajeebi Loan (Loan for Professional Loan) Whether you are a Doctor/ Engineer/ IT professional/ Management Consultant or any other professional, sometimes you just need that little bit extra money for whatever reason? Don't make yourself worry about it. Come to us at IFIC Bank and trust that we'll help you to realize your dreams. IFIC Bank is providing Maximum Tk. 10.00 lac to repayable in 12 to 48 monthly instalment. Quick Processing & Least Formalities.

IFIC Peshajeebe Loan Repayment Schedule

Loan Amount

Monthly installment

Interest Rate

48 months

36 months

24 months

12 months

Tk. 100,000/@16.50%

Tk. 2,861/- Tk. 3,542/- Tk. 4,922/- Tk. 9,099/-

or multiple

12. IFIC Auto Loan Owning a car means freedom of convenience for moving out, affords punctuality, shelter from rain and heat during traveling and above all guarantees the much needed safety. Owning a car is a dream of many people. To materialize your dream, now we have Auto Loan with more flexible, affordable and convenient package option. IFIC Bank is providing maximum Tk. 20 lac to be repayable in 12 to 60 monthly installments. Auto Loan Repayment Schedule

Loan Amount

Interest Rate

Tk.1,00,000/or Multiple

15.50% p.a.

Tk.20,00,000/- 15.50% p.a.

Monthly installment (TK.) 60 48 36 24 12 months months months months months 2,407/-

2,810/-

3,493/-

4,874/-

9,051/-

48,140/- 56,200/- 69,860/- 97,480/- 1,81,020/


22

maximum

B. Deposit product: 1. Savings Account We are offering the most attractive interest rate of 5% on your Savings Account: , Initial Deposit: Tk. 500.00 at rural branches & Tk. 1000/- for urban branches which should be considered as minimum balance. , Competitive Interest Rate , No extra hidden charge , Debit Card facility , SMS Banking Facility , ATM facility , Online banking facility , Utility payment service , Transfer of fund from one branch to another , Opportunity for availing locker facility 2. Current Account , Minimum required balance Tk. 2000/-. , Debit Card facility , ATM facility , Online Banking facility , SMS Banking Facility , Utility payment service , Transfer of fund from one branch to another , Opportunity for availing locker facility , No extra hidden charge 3. Fixed Deposit Receipt (FDR) Fixed deposit gives you higher interest than other forms of deposits. IFIC Bank is offering competitive interest rate in FDR: Fixed Deposit Rate , FDR (Tenure 3 months), 8.25% , FDR (Tenure 6 months), 8.00% , FDR (Tenure 1 year), 8.00% 4. Short Term Deposit (STD) Short Term Deposit account is opened for any individual/firm/company/Financial Institutions/societies/clubs/Trust/NGOs/Banks/Corporations/Autonomous bodies/government organizations.


23

, Initial Deposit for opening account Tk. 25,000/- which should be considered as minimum balance. STD Interest Rate , Short Term Deposit (STD), 2.00% , Short Term Deposit (STD)-Bank to bank/Non-Banking Financial Institutions (NBFI), 0.20%


24

5. Pension Savings Scheme (PSS) IFIC Bank is pleased to offer 3(three) / 5(five) Years Monthly Savings plan with higher return and monthly pension option at maturity. Monthly Installment option and Payment after maturity, now being offered under the scheme, are as under:

Monthly Instalment

3 years Terms

5 years Terms

Amount payable After Amount payable After maturity maturity

Tk. 500

Tk. 20,781

Tk. 38,134

Tk. 1,000

Tk. 41,562

Tk. 76,268

Tk. 2,000

Tk. 83,125

Tk. 1,52,536

Tk. 3,000

Tk. 1,24,687

Tk. 2,28,804

Tk. 5,000

Tk. 2,07,812

Tk. 3,81,340

Tk.10,000

Tk. 4,15,624

Tk. 7,62,680

Tk.15,000

Tk. 6,23,435

Tk. 11,44,020

Tk.20,000

Tk. 8,31,247

Tk. 15,25,360

Tk.25,000

Tk. 10,39,059

Tk. 19,06,699

Tk.50,000

Tk. 20,78,118

Tk. 38,13,399

, You can receive full payment at maturity or option for a pension on monthly basis to meet your needs. , The scheme entitles you to have Income Tax Rebate to make your savings even more valuable. Income Tax Rebate Monthly installments of our PSS will qualify as allowable investment in Yearly Income Tax Return. The account under this scheme will also be exempted from deduction of tax on interest payable at source. However, If any tax or other Govt. Levy is payable under this Scheme in future the same shall be deducted from the account. Credit facilities The A/c holder can avail loan / Secured Overdraft (maximum 80% of the deposited principal amount but not less than Tk.20, 000/-) against lien of the PSS account to meet the personal need, educational expenses of his/her children or for medical treatment.

6. Monthly Income Scheme (MIS) Deposit once and Enjoy Higher Return on Monthly basis


25

Deposit Tk. 50,000 or multiple

Term 3 Yrs.

Gross Monthly Income Tk.350.00 (i.e Tk.700.00 per lac)

Eligibility , If you are 18 years of age or above, you are welcome to apply for keeping deposit under this Deposit scheme. If you are not yet 18, become so and soon. , , Can be opened in Joint names or in the name of any Institutions. , , You will require opening / having a CD/SB Account with the Branch. , , You can open more than one account in your name in any branch Credit Facility You can avail loan/overdraft facility against registering lien on the MIS account as per the Bank’s prescribed rates and rules. Monthly Income will be paid after deduction of Tax/Excise duty or any other levy as may be decided by the Government of Bangladesh from time to time. 7. Double Return Deposit Scheme (DRDS) Enjoy higher return on your valuable Investment IFIC Bank is pleased to offer 8 ½ Years - Double Return Deposit Scheme (DRDS) with special feature: Minimum Deposit

Term

Benefit

Tk. 25,000

8 ½ Yrs.

Double return after 8 ½Years. (subject to deduction of Tax & Excise duty)

Special Feature , If you require to have your money back after completion of 1(one) year, we will not deprive you from interest for pre-encashment. For each completed years and subsequent completed years you will get interest @8.50% p.a. Credit Facility You can avail Credit facility up to max. 90% of the deposited amount against registering Lien on Instrument with the issuing Branch.


26

8. Three Years Deposit Plus (3YDP) Enjoy higher return on your valuable Investment IFIC Bank is pleased to offer Three Years Deposit Plus (3YDP) Scheme with special feature: Deposit Amount Tk. 50,000 or multiple

Term its 3Yrs.

Amount payable after maturity Tk. 64,183/- or its multiple i.e. Tk 1,28,367/per Lac (subject to deduction of Tax & Excise duty)

Special Feature , If you require to have your money back after completion of 6(six) months, we will not deprive you from interest for pre- encashment. For each completed 6(six) months and subsequent completion of 6(six) months you will get interest @8.50% p.a. compounded at half yearly rest.(Effective Rate 8.68% p.a.) Eligibility , If you are 18 years of age or above, you are welcome to apply for keeping deposit under this Deposit scheme. If you are not yet 18, become so and soon. , Can be opened in Joint names or in the name of any Institutions. , Can be opened in the name of Minor under the signature of the Guardian. Credit Facility You can avail Credit facility up to max. 90% of the deposited amount against registering Lien on Instrument with the issuing Branch.

C.CARD


27

1. IFIC Credit Card IFIC Bank VISA Credit Cards are issued in two types namely Gold and Classic for both local and international use. The Local Cards can be used at any ATM displaying VISA Logo for withdrawal of cash and at any POS displaying VISA Logo for purchase of goods & services within Bangladesh whereas the International Cards can be used at any ATM and POS displaying VISA logo anywhere in the world. International credit card is a dual currency card and as such you can use the same plastic at home & abroad. Classic cards are for lower limits and less costly. Maximum Interest Free Period IFIC credit cardholders can enjoy 20 to 50 days interest free period depending on the date of transaction and the date of statement generation. Therefore, you can make your schedule of spending & payment at your convenience. Interest free period will not be allowed for cash advance. Flexibility in Repayment You can repay any amount not less than the minimum payment due within the due date and keep your account regular to enjoy revolving credit facility. Low Interest Rate You can enjoy credit facility at lower interest rate of 2% per m Maximum Cash Withdrawal You can enjoy cash withdrawal facility up to 60% of your credit limit through ATMs. You can enjoy up to 100% of your credit limit through Bank POS from any branch of IFIC Bank Limited. Free Supplementary Card First two supplementary cards are free. You can select any two from your near & dear persons and give them supplementary credit cards. They can also enjoy and share your credit limit. You can also allow specific limits for them within your credit limit. Calculation of Interest No interest will be calculated on the amount other than cash advance if the total billing amount is paid within the payment due date. In case of part payment or no payment, interest @2% per month will be applied from the date of transaction on daily product basis until the outstanding balance is fully paid. Minimum Documents Required Filled-in Application Form, 2(two) copies of photograph, copy of TIN Certificate, Salary Certificate/Pay Slip (for Service Holder), Bank Account Statement ( for Businessman/Self Employed Persons) Copy of Passport (for International Card)and Photocopy of National ID. Other documents may be required for assessment of individual credit worthiness. Submission of Application Filled-in Application Form along with other required documents may be submitted directly to the Card Division of Head Office or to any branch of IFIC Bank Limited.


28

2. IFIC Debit Card FIC Bank VISA Debit Card can be used at any ATM displaying VISA Logo for withdrawal of cash and at any POS displaying VISA Logo for purchase of goods & services within Bangladesh. ATM transactions are to be secured by Personal Identification Number (PIN) known by the concerned customer only. POS transactions will not require PIN. However, all the transactions are to be authorized by the system electronically IFIC debit card is issued against any individual savings/ current account maintained with any branch of IFIC Bank Limited. The designated savings/current account can be operated by using the debit card without using cheques 24 hours in a day, 7 days in a week, 365 days in a year. The customers are not required to pay any charge for transactions at Merchant Point of Sale (POS) for purchasing goods and services. For cash withdrawal from ATM/Branches, a little charge may be applied. No interest will be calculated on cash withdrawal or purchases. No minimum amount due and no hassle of payment of monthly bills. Minimum Documents Required Filled-in Application Form, 1(one) copy of photograph Submission of Application Filled-in Application Form is required to be submitted to the branch where the designated account is maintained 3. IFIC Prepaid Card IFIC Bank VISA Prepaid Card can be used at any ATM displaying VISA Logo for withdrawal of cash and at any POS displaying VISA Logo for purchase of goods & services within Bangladesh. ATM transactions are to be secured by Personal Identification Number (PIN) known by the concerned customer only. POS transactions will not require PIN. However, all the transactions are to be authorized by the system electronically. Prepaid card is safer than carrying cash and more convenient than writing cheques. IFIC Prepaid card is issued by the branches instantly on filling-up the Application Form and making initial deposit. There is no need to have any account with the Bank. Prepaid card are suitable for the customers who does not maintain any account with IFIC. No interest will be calculated on cash withdrawal or purchases. No minimum amount due and no hassle of payment of monthly bills. Minimum Documents Required Filled-in Application Form, 1(one) copy of photograph and Photocopy of National ID. Submission of Application Filled-in Application Form is required to be submitted to any branch of IFIC Bank Limited 4. Bank POS


29

Bank POS are available at all the branches of the Bank. Any IFIC Card Holder can withdraw cash from any branch of IFIC Bank Ltd. through Bank POS. Credit Card Holders can withdraw cash up to 100% of their credit limit E. Student File Service Remittance of Foreign Exchange for Bangladeshi student going abroad for education purpose in regular courses in recognized educational institutions in Undergraduate & Postgraduate level. Applicable Countries , U.S.A. & Canada , U.K., Australia, New Zealand , SAARC Countries, Myanmar , & other countries Handling of Student File , Authorized Dealer Branches issue Draft for: Tuition Fees, Living Expense. Currencies handled , U.S. Dollar, British Pound Sterling , EURO, Australian Dollar, Canadian Dollar Moreover, other than academic courses , Commercial Flying , Computer Programming , Hotel Management and Catering , Chartered Accountancy , Cost & Management Accountancy are special fields for which students are allowed to open Student File. Charges for Handing of Student File (subject to change)

Countries

Currency

File Opening Renewal Charge Charge

Australia/New-Zealand

AUD

Tk.6,000.00

Tk.2,000.00

UK

GBP

Tk.3,000.00

Tk.1,000.00

European Union

EURO

Tk.3,000.00

Tk.1,000.00

Canada

CAD

Tk.3,000.00

Tk.1,000.00

USA & rest of the world

USD

Tk.3,000.00

Tk.1,000.00

ACU

Tk.1,000.00

Tk.300.00

SAARC Myanmar

countries

&


30

F.SMS Banking Welcome to the convenience of accessing your banking needs from anywhere anytime. IFIC Bank Ltd. catered the demand of time in the era of modern banking technology through SMS Banking Service. It is indeed a fast, secure, convenient, economical and quickest way of banking. The service is available round the clock seven days a week. Get real-time banking information and be in touch any time with IFIC Bank from your mobile. You can check your balance, account information, or even get your mini account statements through IFIC SMS Banking Service. • SME Banking The growth of Small and Medium enterprises (SMEs) in terms of size and number has multiple effects on the national economy, specifically on employment generation, GDP growth, and poverty alleviation in Bangladesh. At present, Small & Medium Enterprise sector is playing a vital role in creation of new generation entrepreneurs and 'Entrepreneurs Culture' in the country. Experience shows that borrowers of small enterprise sector prefers collateral free loan since normally they cannot offer high value security to cover the exposure. To facilitate SME sector of the country, IFIC Bank provides collateral free credit facilities to the small & medium entrepreneurs across the country whose access to traditional credit facilities are very limited. We are offering 15 different products for selected target groups, such as - Easy Commercial Loan, Retailers Loan, Muldhan Loan, Women Entrepreneur’s Loan (Protyasha), Transport Loan, Working Capital Loan, Project Loan, letter of Contractor's Loan, Bidder's Loan, Working Capital Loan, Project Loan, Letter of Guarantee, Letter of Credit Loan against Imported Merchandize (LIM), Loan against Trust Receipt 1. Easy Commercial Loan To meet business requirement of individual business enterprises (other than public limited company) against pledge of financial instruments i.e. FDR, ICB Unit Certificate, WEDB, NFCD, PSS Account, MIS & Share Certificates & any other Govt. security eligible for credit facilities. 2. Retailers Loan


31

To meet working capital /capital finance for any small & retail entrepreneur with minimum of 2 years of successful business record, having a valid trade license are eligible for Retailers loan. Eligibility , Minimum of 2 years of successful business record , Valid trade license. Nature of the Loan: Term Loan Repayment: Monthly Repayment facility. Security: No Collateral security Loan Size: Maximum Tk.2.00 Lac. Loan Period: 12 to 36 Months Shortest possible processing & least formalities 3. Transport Loan To purchase of Road/Water transport for commercial use individual, business enterprises (other than public limited company) engaged in transport business at least two years experience are eligible for transport loan. 4. Commercial House Building Loan Individual, business enterprises (other than public limited company) having commercial plot are eligible for construction of commercial building. 5. Possession Right Loan For financing fixed working capital proprietorship concern having no collateral security to offer other than possession right of shop and at least two years experience in the line of business are eligible for possession right loan. 6. Contractor’s Loan Individual, business enterprises (other than public limited company) engaged in construction and supply business are eligible for secured over draft to execute work order awarded by Govt./Semi Govt. & Autonomous Bodies. 7. Bidder’s Loan


32

Individuals, business enterprises (other than public limited company) engaged in construction and supply business can avail Bidder's loan for issuing Payment Order/Demand Draft etc. to participating in tenders. 8. Working Capital Loan Business Enterprises (other than public limited company) engaged in manufacturing/ trading business are eligible to avail Working Capital Loan to meet day to day expenses for processing of manufacturing and selling product. 9. Project Loan Business Enterprises (other than public limited company) engaged in manufacturing/ service industry can avail Project Loan to set up /BMRE of manufacturing /service unit. 10. Letter of Guarantee Business Enterprises (other than public limited company) engaged in construction, supply and other business enterprise can avail Letter of Guarantee facility for issuing guarantee to participate tenders, execute job order and to meet any other obligation 11. Letter of Credit Business Enterprises (other than public limited company) can avail Non-funded facility for import / procurement of merchandise. 12. Loan against Imported Merchandize (LIM) Business Enterprises (other than public limited company) engaged in import merchandise can avail working capital for retirement of import documents. 13. Loan against Trust Receipt Business Enterprises (other than public limited company) engaged in import of merchandise can avail working capital for retirement of import documents. 14. Muldhan Any business purpose loan for business enterprises (other than Public Limited Company) incorporated in Bangladesh engaged in manufacturing or trading or service business. Eligibility , Business enterprise having two years experience in existing business. , Monthly cash flow to support proposed loan installment. Nature of the Loan: Term Loan Repayment: Monthly Repayment facility. Loan Size:


33

TK. 200,000/- (Taka Two Lac) to Tk.5, 000,000/- (Taka Fifty lac) Security: No Collateral security, Loan above Tk.500, 000/-(Taka Five Lac) is to be collaterally secured by legal mortgage of immovable properties. Loan Period: , Maximum 36 (thirty six) months for loan up to Tk.5.00 lac. , Maximum 60 (sixty) months for loan above Tk.5.00 lac Shortest possible processing & least formalities Women Entrepreneur's Loan (Protyasha) Any business purpose loan for Small and Medium sized business, owned by women entrepreneurs. Eligibility , Woman entrepreneurs having two years experience in the same line of business. , Monthly cash flow to support proposed loan installment. Nature of the Loan: Term Loan Loan Size: , Minimum Tk. 50,000/-(Fifty Thousand) , Maximum Tk. 3.00 lac Repayment: Monthly Repayment facility. Security: No Collateral security Loan Period: , Maximum 18 (Eighteen) months for loan amount of Tk. 50,000/, Maximum 24 (Twenty four) months for loan upto Tk.1.00 lac. , Maximum 36 (Thirty six) months for loan upto Tk.3.00 lac. Shortest possible processing & least formalities

•

IFIC Bank Treasury & Capital Market

The Treasury Division of IFIC Bank is engaged with Cash Management, Liquidity Planning and Liquidity Protection. It is also conscious to protect all the bank’s Assets and Profits against loss due to domestic as well as global financial realities, particularly Interest and Exchange Rate fluctuations. The Treasury Department is also regarded as a Profit Center,


34

which generates income by trading instruments in the Financial Market. The Treasury is constituted with well setup Front Office, Mid Office and Back Office. To manage treasury unit as profit centre, along with guidance from regulatory authorities, the bank equipped itself with clear policies, fit organization structure, deployment of trained staff, modern infrastructural facilities and technological initiatives. Capital Market/Brokerage House IFIC Bank Limited is devoted to capital Market of the country and offers world standard brokerage services for individual and institutional investors. The Bank is responsible for origination of sales, buy and trading of securities of Capital markets. It aims to provide relevant support to its customer’s t with sophisticated and innovative financial solutions and delivering the highest quality of services. It has a seat in Dhaka Stock Exchange Limited. Services Brokerage Services , Trade Execution , Dedicated and Skilled Dealer exclusively for your trade , Exclusive arrangement to safe Keeping of Securities , Capable to verify and register your securities Margin Loan Facilities To give financial support to the clients for investment in the secondary market against the margin deposit of the client within the limit set by the management from time to time and Margin Rules & Regulations, 1999 of Securities & Exchange Commission. Services as Full Services DP

• • • • • • •

, BO (Beneficial Owner) accounts opening , Dematerialization of shares , Re-materialization of shares , Transfers and multiple accounts movement , Pledging, Un-pledging and confiscation , Corporate Action Inquiry , Bo ISIN Balance and master maintenance inquiry

Money Market Desk Money market dealers arrange short and medium term funds at most economical terms which are required by the bank aside from customer deposit mobilization efforts. Money market desk ensures that the bank remains sufficiently liquid, meeting all its financial commitments and obligations to its customers besides meeting the SLR & CRR requirement at minimum risk and cost to the bank. In stress liquidity condition the desk always manages sufficient fund to provide business needs. Foreign Exchange Desk IFIC Forex Desk is one of the leading market maker in spot, swaps, and forward transactions in inter-bank market. The Bank has good sources of Foreign Currency through its own export customers, Non-residence Remittances and local & multinational corporate houses


35

remittances/exports. The Bank is also well equipped to price world major currency spot & forward prices. The Treasury is connected to the International Market through on-line Dealing Platforms of different international banks to quote very competitive prices on world major currency spot & forwards. Agriculture Credit Bangladesh is an agro-based country and majority of our population dependant on Agriculture. Although maximum of the total population is dependant on agriculture, its contribution to GDP has gradually come down. Moreover, every year a huge amount of food grain and other agricultural products are imported to meet the demand of the country.

•

Agriculture Credit

1. Krishi Saronjam Rin (for Agriculture Equipments) IFIC Bank offers Krishi Saronjam Rin to individual /Group at micro level for purchasing of agricultural machinery like new power tiller/power tiller with plough (tractor), single cylinder tractor with plough, power tiller with trolley, Rotavator etc. Eligibility , Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan. , At least 3 years involved in agro-based production. , Having homestead and permanently living in the area. Loan Size , Minimum Tk.50, 000/, Maximum Tk.1, 000,000/Loan Period , Minimum 12 (Twelve) months. , Maximum 36 (Thirty six) months. Nature of the Loan , Lease Financing Repayment , Monthly Repayment facility Collateral Security , Preferable but not mandatory. Quick Processing & least formalities 2. Shech Saronjam Rin (for Irrigation Equipments) • IFIC Bank offers Shech Saronjam Rin to individual /Group at micro level for purchasing of irrigation machinery like Shallow tube well, Deep tube well, Motor pump, Generator etc.


36

Eligibility , Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan. , At least 3 years involved in agro-based production. , Having minimum 33 decimal lands including homestead and permanently living in the area. Loan Size , Minimum Tk.20, 000/, Maximum Tk.1, 000,000/, Above Tk.100, 000/- requires collateral security but not exceeding Tk.1, 000,000/Loan Period , Minimum 12 (Twelve) months. , Maximum 36 (Thirty Six) months upto Tk.3.00 lac , Maximum 60 (Sixty) months (More than Tk.3.00 lac) Nature of the Loan , Term Loan Repayment , Monthly Repayment facility Collateral Security , Preferable but not mandatory. 3. Poshupokkhi & Motsho Khamar Rin (for Live Stock & Fish Culture) IFIC Bank offers Poshupokkhi & Motsho Khamar Rin to individual /Group at micro level To meet financial needs of live stock development/ fish culture (including shrimp) excluding intensive cultivation. Eligibility , Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan. , At least 3 years involved in agro-based production. , Having minimum 33 decimal lands including homestead and permanently living in the area. Loan Size , Minimum Tk.20, 000/, Maximum Tk.1, 000,000/, Above Tk.100, 000/- requires collateral security but not exceeding Tk.1, 000,000/Loan Period , Minimum 12 (Twelve) months. , Maximum 36 (Thirty Six) months upto Tk.3.00 lac , Maximum 60 (Sixty) months (More than Tk.3.00 lac)


37

Nature of the Loan , Term Loan Repayment , Monthly Repayment facility Collateral Security , Preferable but not mandatory. 4. Phalphasali Rin (for Fruit Orchard) IFIC Bank offers Phalphasali Rin to individual /Group at micro level to meet financial needs of maintenance expenses of fruit orchard (owned/rental/leased). Eligibility , Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan. , At least 3 years involved in agro-based production. , Having minimum 33 decimal lands including homestead and permanently living in the area. Loan Size , Minimum Tk.20, 000/, Maximum Tk.1, 000,000/, Above Tk.100, 000/- requires collateral security but not exceeding Tk.1, 000,000/Loan Period , Depending on nature of the business/ crop cycle but not exceeding 12 (twelve) months. Repayment , Lump sum within expiry or as per acceptable term. Collateral Security , Preferable but not mandatory.

Conclusion: In this study I find that both bank is conscious about there official privacy IFIC bank told there interest rate but BRAC bank not open it. There interest rate may be negotiable and more variable. Both bank are interested about Social responsibility marketing there agriculture lone, provase lone, women entrepreneurship loan and road beautifications activity prove it. We hope our banking sector done very well in near future and compete in multinational banking.

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