Dhaka, Bangladesh (BBN)- Social Islami Bank Limited (SIBL) has recently been delisted from the Early Warning Category (EWC) by Bangladesh Bank (BB).
"The BB waived its EWC status due to increased efficiency in management of the bank, improved customer service, establishment of corporate governance, use of state-of-the-art information technology, active participation in CSR activities, investment in priority sectors and excellent Corporate Branding ," the SIBL said in a statement on Tuesday.
"As per the policies and guidelines of Bangladesh Bank, all the branches and Head Office of the SIBL working hard with utmost efficiency to take the bank ahead in its journey towards excellence."
The SIBL has been able to achieve a solid financial foundation through professionalism in management, implementation of Strategic Business Policies and friendly customer service.
The SIBL has shown success in all operational aspects including qualitative improvement of assets, minimization of operational risks, effective management of liquidity and achievement of dynamic growth in operating profit in the competitive banking sector.
BBN/SSR/AD-03Apr13-11:35 am (BST)
