Company · Analysis · 31 Oct 2026
IFIC Bank: 61% of loans classified, a BDT 216bn provision shortfall (our sum of notes) deferred by Bangladesh Bank, CRAR of 1.8% and negative equity by June 2026
Loans tied to the old sponsor era turned bad in 2024. Interest on those loans has since moved to suspense, so net interest income fell to BDT -22.1bn in 2025 and to BDT -15.4bn in H1 2026. Book equity of BDT 5.7bn at Dec-2025 sits against a provision gap of BDT 215.9bn (our sum of four notes) that BB has allowed the bank to defer.
IFIC Bank PLC (International Finance Investment and Commerce Bank) is a DSE-listed commercial bank in which the Government of Bangladesh, through the Secretary of the Finance Division, holds 32.75% of the shares. It runs what it calls the largest banking network in the country: 189…