Bangladesh Industrial Finance Company Limited is a joint initiative started by private sector as well as public sector and mainly operates in leasing and financing sector. This company is introduced by local as well as foreign sponsors. It was formed as legal institution in the month of August in 1996 and considered as a public limited company. Bangladesh Bank gave license to this company in the month of February, 1998 as a non-bank financial institution. Since its establishment the company is continuously maintaining its business standard. The company has till now attained a new apex of customer satisfaction and all this is possible due to the cost effective economic and financial policies of the bank. Its all activities contribute a major part in the socio-economic condition and development of the country.
Objectives of Bangladesh Industrial Finance Company Limited:
BIFC works according to the need of its clients. BIFC accommodates a lot of experienced workers and professionals. A team of dedicated and experienced professionals are always ready with their helping hand to help the clients any time and anywhere. Clients never get disappointed with this company. Customer’s satisfaction is the main objective of the company. The professionals recruited by this company are highly qualified and are capable of providing the economic and capital related solutions any time to their customers. This company for the convenience of its customers introduces a new plan known as Consumer Credit Scheme. However this scheme for customers and clients is available on limited scale only. BIFC also helps those sectors which are productive in nature by gathering funds and capital for them. The company is not bounded by any restrictions and rule for taking its decision in finance. In other words, we can say that this company is not answerable to anyone regarding its area of work.
Vision of Bangladesh Industrial Finance Company Limited:
The vision of Bangladesh Industrial Finance Company Limited is to become one of the best financial institutions of the nation. It wants to be the leader in its field and trying to become people friendly so that it could gain the trust of common people and society.
Mission of Bangladesh Industrial Finance Company Limited:
The main mission of this company is to nurture, ensure development and proper training of its professional manpower so that they are able to handle the challenges which comes into the path of the investment and financing. Bangladesh Industrial Finance Company Limited wants to configure their professionals into an organised team that would be self-motivated and able to gain the confidence of the common people. This company also ensures that resources available in the country are distributed equally so that no one remains unsatisfied. BIFC is also responsible for the regular and steady growth of the capital invested and ensures its return. This company’s mission also includes the promotion of those products which are in need of time and appropriate for the existing market.
Products and Services of Bangladesh Industrial Finance Company Limited:
Bangladesh Industrial Finance Company Limited offers various products and services to its clients. Among those products and services followings are well known:
- Lease Finance
- Term Loan
- Short Term Loan
- Equity Support
Above four services are leasing supports of BIFC. Besides leasing support, it also provides various deposit schemes features to its customers. Minimum term deposit differs from corporate clients to normal individuals. Minimum six months time duration deposit scheme is available for corporate bodies where other individuals can include themselves in deposit schemes of BIFC for minimum one year. There are currently three term deposit schemes available in BIFC. These are:
- BIFC term deposit account
- BIFC Income Account
- BIFC double money account
This company also welcome enthusiastic people to contact them directly about any query like terms and conditions, interest rate, latest rate, money making questions, office locations, etc.
Special features of deposit schemes in BIFC:
- BIFC is very concerned to provide its clients high return on investment.
- Minimum deposit is very low and it’s only TK 50000.
- No complex process, it is always easy procedure for deposit and withdrawal.
- Term deposit is safe in this company as it got approval directly from Bangladesh Bank
- Client can withdraw funds before it gets matured after following a short term period
- Customers can take quick loan benefits against deposit from BIFC.
Strength of Bangladesh Finance Industrial Company Limited:
The strength of this company lies in its dedicated and experienced professionals, trust of customers and clients. This company also provide simple documentation procedures that attract the people to join hands with it. The strength of the company is the maximum fund that it provides.
Bangladesh Industrial Finance Company Limited enlisted in Dhaka Stock Exchange on 2006, It’s been rated as “A” category share under the financial sector as on 22-09-2012
Contact Information of BIFC:
Head Office: 63, Dilkusha Commercial Area (1st floor)
Telephone: 88-02-9558039 (PABX)