Internship Report on Credit Risk Management of IFIC Bank PLC

Abstract

IFIC Bank PLC, a pioneer in Bangladesh's banking sector since its establishment on August 3, 1983, has grown to become one of the oldest commercial banks with a nationwide presence, comprising 166 branches and 901 Uposhakha. The primary objective of this report is to provide a credit risk management of IFIC Bank PLC. Additionally, the report aims to outline the terms and conditions governing the various credit services offered by IFIC Bank PLC. In today's financial landscape, effective credit risk management is crucial for banks to generate revenue. IFIC Bank PLC is a business organization that was founded in 1983 and is primarily owned by the public and private sectors. It seeks to foster economic growth by delivering excellent services with efficiency, creativity, and inventiveness. The bank, which is 32.75% government and 67.25% private, has operations in the UK, Oman, Pakistan, and Nepal. Integrity, a customer-focused approach, collaboration, and ongoing business development are valued. The bank has created cutting-edge products and opened branches abroad.