IFIC Bank PLC

Establishment: IFIC incorporated 1976 as a joint-venture between the Government of Bangladesh and private Bangladeshi and foreign investors; converted to a full commercial bank 1983; listed on DSE 1986. established_year set to 1976 (incorporation), license_year set to 1983 (commercial bank conversion). Balance sheet figures (total assets BDT 571,480 million, deposits BDT 464,204 million, net loans BDT 448,882 million, paid-up capital BDT 19,221 million) from stockanalysis.com citing Dec 31, 2024 data. Multiple sources confirm consolidated net loss of Tk 121 crore (BDT 1,210 million) for FY2024. NPL of 38% stated by the new board upon taking over in September 2024 (vs. artificially lowered 4.5% in FY2023 official filings); bad loans were Tk 3,756 crore in June 2024 and shot up to Tk 25,971 crore in March 2025 per Daily Star reporting — this confirms the 38% approximation applies to end-2024 disclosed position after reclassification. Specific npl_bdt amount not computable without confirmed gross loan denominator from official source; set to null. Capital shortfall Tk 9,029 crore as of December 2024 per New Age Bangladesh Bank data. CAR not obtained from primary source; given capital shortfall below minimum, regulatory CAR was likely negative — set to null. Net profit is negative (net_profit_bdt = -1,210,000,000); ROA and ROE not computed since both would be negative and the exact equity figure is not independently confirmed. Paid-up capital BDT 19,221 million (approximately 1,922 crore) cited by multiple sources. Authorized capital BDT 40,000 million (4,000 crore) per Wikipedia and historical filings. Government ownership 32.75% confirmed by multiple sources. Foreign ownership 0.63% per multiple sources. Chairman Md. Mehmood Husain elected 2024-09-08 at first reconstituted board meeting. MD/CEO Syed Mansur Mustafa effective 2024-06-02 (appointed by prior board, retained post-reform). Branch count 187 (main branches, per Wikipedia 2024 data); sub_branch_count 1,224 uposhakhas per Neighborhood Banking Project data. ATM count and employee count not found in primary sources for 2024 — set to null. Credit rating: CRISL historically rated IFIC 'A'/ST-2; no confirmed current rating found. verification_status=partial because (1) CAR not confirmed from primary source (likely breached), (2) exact NPL amount in BDT not confirmed, (3) current credit rating not confirmed, and (4) branch/ATM/employee counts partially unconfirmed.