IDLC Finance Limited was established in 1985 as a financial organization of Bangladesh. It was the result of collaboration of German Investment and Development Company (DEG), Kookmin Bank and Korean Development Leasing Corporation of South Korea, International Finance Corporation (IFC), the Aga Khan Fund for Economic Development, the City Bank Limited, the Sadharan Bima Corporation and the IPDC of Bangladesh Limited. The IDLC Finance Limited comprises of multinational as well as local corporate house in Bangladesh. With the involvement of IDLC, the initial 49% foreign shareholding withdrew gradually and in 2009 the local sponsors bought its foreign shares.
IDLC has a common vision like every other financial institutions and the vision is to be the top financial institution in Bangladesh. On the other hand, its mission is to concentrate on quality growth, provide excellent customer support and organize sustainable business practices.
The initial core product of IDLC Finance Limited was lease financing. Currently it focuses in SME, Retail, Corporate as well as the Capital markets of Bangladesh. IDLC Investment Limited, which is considered as a huge brand for investment banking in Bangladesh acts as the merchant banking link for the company. The IDLC Securities Limited being the stock brokerage link of IDLC Finance Limited ranks among the top five in the country’s brokers list. It is a completely owned subsidiary of IDLC Finance Limited and it offers brokerage services at international standards for both the institutional as well as the retail clients. Both the Chittagong stock exchange and Dhaka stock exchange have IDLC Securities Limited as one of their major investor. It also is a depository participant in the Central Depository Bangladesh Limited (CDBL).
With every passing year IDLC had marked its presence in corporate sector of Bangladesh. IDLC Limited with its fabulous performance has gained some of the renowned awards like securing the 1st position in 2010 11th ICAB National awards. On 19th of December 2010, IDLC was able to bag the 2nd prize for best reports and published accounts in the 10th ICAB national awards 2009. Other awards which the IDLC Finance Limited was able to collect into its jewel box were the 2nd prize in the ICAB national awards for the consecutive years in 2007 and 2008. As a financial institute, IDLC achieved “Superbrands” recognition in 2009. December 13th 2011 also came as a proud day for the IDLC as it registered its name in the Non-banking financial institution sector as the best corporate.
A new tag-line “Financing Happiness” as well as a new logo has been launched recently for the IDLC group for complementing the brand. The new logo is believed to continue the traditional strengths that the company has shown in the past. It is also believed to inject new energy and innovations, stability and statutory compliance with the help of a modern outlook.
IDLC Finance Limited provides an array of financial solutions with its enormous experience, expertise and extensive knowledge in client handling and managing their problems. The IDLC has introduced as specialized for equalising the repayments with cash flow. It will allow more time for the repayment of cash which would release capital limits. IDLC also includes a project financing department which aims at setting up a new unit in addition to the present capacity and product line. Another department known as the term loan financing department helps in meeting regular capital or expenditures as well as the elaboration of space and capacity.
Till 2011, Sponsors/Directors of IDLC Finance Limited are holding 63.82% share, Institutions are holding 14.64% share whereas Individual investors are holding 21.54% share. If we carefully look at the financial reports of IDLC Finance Limited, then we will get the idea why IDLC is considered as one of the top financial organization in Bangladesh. In 2011, Net profit after tax of IDLC was 500.282 million, Statutory reserve was 160.845 million, EPS was 5.05 (based on 10 taka per share face value), and total equity was 3220.515 million. These reports clearly indicates that IDLC has a strong surface that can’t be break easily.
IDLC Finance Limited enlisted in Dhaka Stock Exchange on 1992, it’s been rated as “A” category share under the financial sector as on 13-10-2012
Contact information of IDLC Finance Limited:
Address: Bay’s Galleria (1st Floor), 57 Gulshan Avenue,
Gulshan-1, Dhaka-1212, Bangladesh
Phone: 8834990
Fax: 88-02-8834377, 8835887
E-mail: mailbox@idlc.com
Website: www.idlc.com
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