National and international ratings of
IBBL
IBBL's past performances have been evaluated
by Bangladesh Bank, several credit rating agencies home &
abroad and by the local press.
International
Press
“In
the midst of a difficult Banking system known to be plagued by high
non-performing loans (NPLs), one could easily conclude that it would be
difficult to find a bank that is different from norm. However, IBBL
provides a refreshing change and is, thus, a pleasant surprise. Although
it does not command the market share as the 4 public sector banks, IBBL,
which claims to have little interference in lending from the government,
has nonetheless, managed to find a niche market of its own-says the
‘BANK ATCH’ a New York based international Credit Rating Agency in its
January 30, 1998 issue. “As a market leader offering banking services
based on the Islamic rule of Shariah, IBBL's profitability trend has
been quite impressive. The Bank's ability to keep its return on asset
(ROA) well above the industry's average, reflected its resilience to
possible shocks in the banking system. Concerns over massive NPLs and
under provisioning are common amongst local banks. But this seems
well resolved in IBBL. IBBL's good performance and solid capital base
have indeed provided refreshing change found within a banking system
saddled and held back by huge NPLs” the above agency continued to
comment in the same issue.
National Press
“It
is one of a few local banks according to CAMEL (Capital, Assets,
Management, Earnings & Liquidity) rating made by the Bangladesh
Bank. It holds the highest amount of liquidity among all banks and its
ability to keep return on assets at 1.07 percent is well above the
banking sector's average of 0.33 percent”- The Financial Express, Dhaka
commented in its issue of May 28,1998.
“The
Holiday” in its 29th August, 1997 issue carried out a report under the
heading “Setting a precedence of sound banking” and commented “While the
country's banking system is burdened with bad debt portfolios and also
suffers from a liquidity shortage, the Islami Bank Bangladesh Ltd.
(IBBL) has created a unique precedence by improving its reserve and
deposit positions substantially, making handsome profits, and offering
attractive dividends to its share holders and
depositors.”
IBBL's
World rating
As
per Bankers' Almanac (January 2001 edition) published by the Reed
Business Information, Windsor Court, England, IBBL's world Rank is 1771
among 3000 banks selected by them. This position was 1902 among 4500 selected
banks as on January 1999 edition.
IBBL's country Rank is 5 among 39 banks as
per ratings made by the above Almanac on the basis of IBBL's Financial
Statements of the year 2001.
Award and Prizes: International & National
Perspective
IBBL was awarded for several times by
international & national organisations. The Global Finance, a
reputed London based quarterly magazine, awarded IBBL as the best bank
of the country for the year 1999 and 2000.
IBBL has got the 2nd prize of
National Export Fare for its pavilion of Service Organisation in
1985.
Membership of Different Organization /
Chamber
Local:
-
Bangladesh Institution of Bank
Management (BIBM)
-
The Institution of Bankers
Bangladesh (IBB)
-
Bangladesh Association of Banks
(BAB)
-
Bangladesh Foreign Exchange
Dealers' Association (BAFEDA)
-
Central Shariah Board for
Islamic Banks of Bangladesh
-
International Chamber of
Commerce- Bangladesh
Foreign:
-
International Association of
Islamic Banks (IAIB), Jeddah, K.S.A.
-
Accounting and Auditing
Organizations for Islamic Financial Institutions (AAOIFI), Manama,
Bahrain.
-
General Council of Islamic
Banks & Financial Institutions (GCIBFI), Manama,
Bahrain (IBBL is a member of its
Executive Council)
-
Society for Worldwide
Inter-bank Financial Telecommunication (SWIFT)
a name you can always trust
