Green Banking

Green banking could be one of the suitable opportunities to diversify the banks business. It is also sensible initiative to keep our environment better. IFIC Bank is committed to promote sustainable growth in the economy. We have launched several lending products, under “IFIC Green – Earth” which will support green/clean and efficient energy projects and programs, detailed as under:

IFIC Bank has adopted strategy to reduce carbon footprint through energy savings, reduction of utilization of fossil fuels, other natural resources and reduction of greenhouse gas emission in the days to come. In order to Reducing Energy & Resource consumption from our office practices, we have taken following steps :

Green Office Guide has been introduced to create awareness on Green Banking activities & providing instructions about conserve energy, water, saving paper, etc.
Online banking system is a great way to reduce paper consumption. IFIC Bank has been one of the pioneers in introducing online Banking and it covers 120 branches, 50 own ATMs, 1075 shared ATMs. Clients can get our various alternative deliver services such as online banking, mobile banking, internet banking & SMS banking, BACPS & BEFTN facility.
Energy saving lights is being used instead of traditional light
Internal communications are done through electronic mails
Introduced IP (Internet Protocol) Technology
E-recruitment system has started while hiring people and provides salary, bonus, salary statement & leave management through online.
Bank has established a Contact Centre (Call Centre) to provide improved and enhanced phone banking services to customers over phone. More customers will use Phone Banking services through the Contact Centre and not required to travel to the branches or use paper-based statements.

Green banking could be one of the suitable opportunities to diversify the banks business. It is also sensible initiative to keep our environment better. IFIC Bank is committed to promote sustainable growth in the economy. We have launched several lending products, under “IFIC Green – Earth” which will support green/clean and efficient energy projects and programs, detailed as under:

Product Purpose Loan Limit Loan tenor
Domestic Bio-gas plant For integrated cow (hybrid) raring & setting up of bio-gas plant. Maximum BDT.4,50,000/- Maximum 48 months
For setting up of bio-gas plant in existing cattle/poultry farm. Maximum BDT.50,000/-
Commercial bio-gas plant For setting up of bio-gas plant in existing cattle/poultry farm & produce electricity through gas generator. Maximum BDT.15,00,000/- Maximum 60 months
Vermincompost To meet the financial needs for purchasing of 2 cows, vermin construction of shade and for other expenses to produce vermin compost fertilizer for own use/business purpose. BDT. 2,90,000/- (including purchase of 2 cows)
BDT. 90,000/- (Excluding purchasing of cows)
Maximum 48 months
Finance for Brick Kiln Efficiency Improvement Projects To setup HHK or equivalent technology plant. Up to BDT.15,00,00,000/- Maximum 84 months
Conversion of traditional FCK into Improved Zig Zag Brick Kiln Up to BDT.10,00,00,000/-
Fire Fighting & Safety Equipment Loan
  • To purchase/reinstall of Fire Fighting/Fire Safety Equipment’s.
  • To construct/ repair/reconstruction of overhead and underground water reservoir/tanks.
  • To purchase/install water pumps, sprinkler etc.
Maximum BDT1,00,00,000/- Maximum 60 months
Sl. No. Particulars Amount financed during the year 2014
01. Project financed having ETP 4447.99
02. Bio-gas Plant 22.9
03. Hybrid Hoffman Kiln (HHK) 60.00
04. Improved Zigzag Brick Kiln 25.5
05. Fire Fighting & Safety Equipment 9.57
Total Green Finance 4565.96

To create awareness among the employees & clients on environmental and Green Banking issues, the Bank also arranged few training programs during 2014.