LankaBangla Finance Limited (LBFL) is a joint venture finance company established in 1996 in a technical collaboration with Sampath Bank Limited, Srilanka. Later in 2006 company listed its shares in DSE and CSE. Today LBFL is a leading and diversified financial service provider company in Bangladesh with its highly motivated employees, strong shareholding pattern, and friendly and dynamic corporate style working culture.
LBFL has a vision to be the most preferred facilitator financier by creating, nurturing and maximizing all its stakeholders value and hence growing together. It is company’s mission to deliver the highest quality products and services to its client and giving customer care its highest priority. Company wants to create a management culture wherein leadership is demonstrated by leading through example and giving ownership feelings to all its employees. Company wants to be a center of excellence by way of its knowledge, systems, processes and procedures.
Company has listed its goal as:
- To be the preferred financial service provider
- To maximize all its stakeholders value
- To build an team of highly motivated employee and focus on continues training and their development
- To maximize the use of technology to give best of services to its clients.
- To standardize rules and regulation so as to give efficient services
- To develop organization with ownership feeling
- To fulfill the social responsibility
- To protect the environment while doing business by not focusing only on profits
LBFL has four different types of deposit schemes. These are:
- Lanka Bangla Cumulative Term Deposit Scheme
- LankaBangla Periodic Return Term Deposit Scheme
- LankaBangla Double Money Term Deposit Scheme
- Money Builders Term Deposit
All the deposits with the companies are safe and secured with good interest rate of 13 to 14.75% p.a. rate structure. Minimum deposit tenure is at six months to five years based on the scheme. Interest is paid on Monthly/Quarterly/half yearly/yearly based on the clients need.
LBFL has following financial services. Services are:
- Lease Finance
- Term Finance
- Work Order Finance
- Auto Loans
- SME Finance
- Personal Loan
Company also offers LankaBangla Master/Visa Credit Card with unique features. This card is complementary for the first year. Besides this, there is no renewal charge if there are 15 or more POS and Cheque transactions a year. Interest free period in this credit card is minimum 15 days and maximum 45 days based on scheme and card limit.
LankaBangla Finance Limited also provides Housing loan to the extent of 70% of the cost of house and for construction or renovation it gives loan up to 75% cost. It gives mortgage loan up to 60% value of the property. Interest rate for this loans are variable and based on market conditions while tenure of the loan is up to 15 years based on clients requirement.
Awards and Milestone:
LankaBangla Finance Limited honored with “11th ICAB National Award for Best Published Accounts and Reports 2010” for consecutive last 5 years by the Institute of Chartered Accountants of Bangladesh (ICAB). LBFL also received “Best Presented Accounts Award 2010” by South Asian Federation of Accountants (SAFA).
Operational Revenue for FY11 was at Tk 3410.33 Million and net profit after tax stood at Tk 791.1 Million which generated EPS of 9.61 and NAV of TK69.46. With the growing investment activity in the country and looking to the broad based service portfolio of the company LBFL has promising future ahead.
Lanka Bangla Finance Limited was enlisted in Dhaka Stock Exchange on 2006, it’s been rated as “A” category share under the financial sector as on 04-11-2012
Contact Information of LBFL:
Corporate Head Office: Safura Tower (Level 11)
20 Kemal Ataturk Avenue, Banani, Dhaka 1213, Bangladesh
Phone: (88 02) 9883701-10
Fax: (88 02) 8810998