Investment Corporation of Bangladesh Overview and Structure

The Investment Corporation of Bangladesh (ICB) is a state-owned financial institution that plays a crucial role in the country's economic development. It was established in 1976 as a subsidiary of the Ministry of Finance.

ICB's primary objective is to mobilize resources from both domestic and international sources to finance large-scale industrial and infrastructure projects. This is achieved through various financing instruments, including equity investment, loan, and guarantee.

As a key player in Bangladesh's financial sector, ICB operates under the supervision of the Ministry of Finance and is governed by a Board of Directors. The Board ensures that the corporation's activities align with the government's economic policies and goals.

ICB's structure consists of several departments, including the Head Office, Regional Offices, and Sub-Regional Offices, which work together to implement the corporation's strategies and objectives.

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The Investment Corporation of Bangladesh (ICB) has a well-defined organizational structure to ensure effective management and decision-making. The ICB is headed by a Chairman, who is responsible for overseeing the overall strategy and direction of the corporation.

The Chairman is assisted by a Managing Director, who is responsible for the day-to-day operations of the ICB. The Managing Director is supported by a team of senior officials, including the Deputy Managing Director and the Chief Operating Officer.

The ICB also has a Board of Directors, which is responsible for setting the overall direction and strategy of the corporation. The Board consists of experienced professionals and experts in various fields, who provide guidance and oversight to the management of the ICB.

The ICB has a strong corporate governance framework, which ensures that the corporation is managed in a transparent and accountable manner.

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The Investment Corporation of Bangladesh has a rich history that spans over four decades. It was established on October 1, 1976, marking the beginning of its journey.

The corporation's growth was rapid, with several milestones achieved in the early years. The first investor's scheme was launched on June 13, 1977, and the ICB Chittagong Branch was established on April 1, 1980.

Here are some of the key milestones achieved by ICB:

ICB's history is a testament to its commitment to growth and innovation. From its early days as a small organization to its current status as a leading financial institution, ICB has consistently pushed the boundaries of what is possible.

The Investment Corporation of Bangladesh has a notable geographic presence in the country.

The corporation's sales in Bangladesh have seen a significant increase from 2.84B in 2020 to 7.89B in 2021.

However, it's worth noting that the sales in Bangladesh have fluctuated over the years, with a notable dip to 3.71B in 2023.

The corporation's sales in Bangladesh have ranged from 2.15B in 2024 to 7.98B in 2022.

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Sales by Geography is a crucial aspect of any company's presence in different regions. The Investment Corporation of Bangladesh has a notable geographical breakdown of sales.

In 2020, Bangladesh accounted for $2.84 billion of the company's sales. This is a significant portion of their overall revenue.

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The sales in Bangladesh have seen a substantial increase in 2021, reaching $7.89 billion. This is a remarkable growth of over 175% from the previous year.

In 2022, the sales in Bangladesh remained relatively stable at $7.98 billion. This suggests a consistent performance in the market.

However, in 2023 and 2024, the sales in Bangladesh declined to $3.71 billion and $2.15 billion respectively. This may indicate a shift in the market or a change in the company's strategy.

Here is a breakdown of the sales in Bangladesh by year:

Bangladesh is a country located in South Asia, bordered by India to the west, north, and east, and Myanmar to the southeast. It has a total area of 147,570 square kilometers.

The country has a diverse geography, with the Ganges-Brahmaputra delta covering most of its area. Bangladesh is also home to the Sundarbans, the world's largest mangrove forest.

The capital city of Bangladesh is Dhaka, which is also the country's largest city.

The Investment Corporation of Bangladesh has a well-defined governance structure, with a Board of Directors that oversees the organization's activities. The current composition of the Board includes four members: Mohammed Abul Hossain, Mohammed Azimuddin Biswas, Mohammad Harun-Or-Rashid, and Mohammad Shawkat Khan, with Md. Mazibur Rahman also joining recently.

Mohammed Abul Hossain has been a Director since August 20, 2019, while Mohammed Azimuddin Biswas took office on January 26, 2022. Mohammad Harun-Or-Rashid joined the Board on September 10, 2023, and Mohammad Shawkat Khan was appointed on October 29, 2024. Md. Mazibur Rahman was appointed on November 6, 2024.

Here's a brief overview of the current Board of Directors:

The Board Composition of the Investment Corporation of Bangladesh is an interesting topic. The Board of Directors consists of four members.

Mohammed Abul Hossain has been a Director/Board Member since August 20, 2019, at the age of 60. He has been serving on the board for a significant amount of time.

Mohammed Azimuddin Biswas joined the board on January 26, 2022, but his age is not specified. His tenure on the board has been around two years so far.

Mohammad Harun-Or-Rashid is another Director/Board Member, who is 56 years old and has been serving on the board since September 10, 2023.

The two newest members of the board are Mohammad Shawkat Khan and Md. Mazibur Rahman. Both joined the board in 2024, with Khan becoming a Director/Board Member on October 29, 2024, and Rahman on November 6, 2024.

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The Investment Corporation of Bangladesh Bill, 2014 was a significant legislative move by the government to encourage investment in the country. It aimed to develop the capital market and collect savings.

Finance Minister Abul Maal Abdul Muhith introduced the bill in parliament in July 2014. This bill was a response to the government's need for a functional Investment Corporation of Bangladesh ordinance.

The bill was designed to replace the Investment Corporation of Bangladesh Ordinance, 1976, which was declared illegal due to its issuance during the military regime. This ordinance was issued between 1975 and 1981.

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The bill was intended to support the development of various types of companies, including investment banks, financial services companies, and government-owned companies. These companies were established in 1976, and the bill aimed to provide a legal framework for their operations.

Here are some of the types of companies that the bill was intended to support:

The Investment Corporation of Bangladesh has a robust subsidiary structure, which was established through the Investment Corporation of Bangladesh (Amendment) Act, 2000. This act was passed to reform the company's strategy and policy for conducting commercial activities.

The corporation has formed and manages several subsidiary companies to achieve its goals. One of these subsidiaries is ICB Capital Management Ltd. (ICML), which plays a crucial role in the company's overall strategy.

Another important subsidiary is ICB Asset Management Company Ltd. (IAMCL), which focuses on asset management. ICB Securities Trading Company Ltd. (ISTCL) is also a subsidiary, responsible for securities trading.

Here are the subsidiary companies of the Investment Corporation of Bangladesh: