IFIC Earnings Update

The Board of Directors has recommended 15% Stock dividend for the year ended on December 31, 2013. The Board has also decided to issue 'Subordinated Debt (Bond)' for Tk. 3,000.00 million for raising Tier-II Capital to meet future Capital Adequacy Requirement of the Bank as per Basel-II subject to approval of the concerned Regulatory Authorities and the shareholders. Date of AGM: 01.06.2014, Time: 11:00 AM, Venue: Bashundhara Convention Center-2, Block #C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka. Record Date: 24.04.2014. The Company has also reported consolidated Net Profit after Tax of Tk. 1,370.93 million, consolidated EPS of Tk. 3.60, consolidated NAV per share of Tk. 24.29 and consolidated NOCFPS of Tk. 37.47 for the year ended on December 31, 2013.