Green Banking activities includes five key work-streams - (i) Green Finance (ii) In-house green activities covering Carbon Footprint Measurements (iii) ESG (iv) Green Marketing/Awareness/Capacity Building (v) Reporting and disclosure on green issues. It is part of Sustainable Finance and 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:

Our Green practices

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 657 Branches- Uposhakhas (including 25 Solar Powered Branches), 38 own ATMs (including 1 Solar Powered). 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.

BB Support Fund

 

Sl No	Branch Name	Name of Refinance Scheme	Refinance amount	Borrower Name	BB received date	Tenure (years)	Rate of Interest paid to BB	Rate of Interest received from Customer	Remarks
1	Narayanganj Branch	Green Industry	200.00	Plummy Fashions	27.12.2015	6	5.00%	8.00%
2	Narayanganj Branch	Fire Fighting	9.91	Fuji Knitwears	29.11.2017	5	5.00%	8.00%
3	Principal Branch	Fire Fighting	10.00	Fame Sweaters	26.06.2018	5	5.00%	8.50%
4	Principal Branch	Fire Fighting	10.00	Poshmi Sweaters Ltd.	26.06.2018	5	5.00%	8.50%
5	Narayanganj Branch	Fire Fighting	8.10	Knit Radix Ltd.	27.10.2019	4	5.00%	8.00%
6	Federation Branch	Green Building	85.00	Cute Dress Industry Ltd.	26.07.2020	5	5.00%	8.50%