Grameenphone Ltd. (GP) has recently signed an agreement with Social Islami Bank Limited (SIBL) to provide complete communication facilities under its Business Solutions package. Grameenphone Business Solutions is an integrated telecommunications service, specially designed for the business entities of Bangladesh, providing customized telecommunications solutions through a consultative approach, tailored to the needs of individual businesses.
Currently SIBL is serving with it’s 64 branches nationwide. SIBL started its journey with the concept of 21st Century Islamic participatory three sector banking model: i) Formal Sector- Commercial Banking with latest technology; ii) Non-Formal Sector - Family Empowerment Micro-Credit & Micro-enterprise programme and iii) Voluntary Sector - Social Capital mobilization through CASH WAQF and others.
Finally, "Reduction of Poverty Level" is the Vision, which is a prime object as stated in Memorandum of Association of the Bank with the commitment "Working Together for a Caring Society".

News: The Independent/ Bangladesh/ Jun-12-2011