The International Finance Investment and Commerce (IFIC) Bank Limited is a private commercial bank in Bangladesh

Bangladesh

Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

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History

IFIC was setup as a joint government-private finance company in 1976. The government held a 49% stake in the firm. On June 24, 1983, IFIC became a private commercial bank. While the bank is currently listed on the Dhaka Stock Exchange

Dhaka Stock Exchange

Dhaka Stock Exchange is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country...

the government retains a 40% stake in it to this day.