IDLC Finance Limited explained

IDLC Finance PLC
Type:Publicly traded
Traded As:DSE: IDLC
Area Served:Bangladesh
Industry:Financial services
Operating Income: BDT 5.82 Billion (2018)[1]
Net Income: BDT 2.17 Billion (2018)[2]
Assets:BDT 109.17 Billion
Foundation:
Location:Bay's Galleria (1st Floor), 57 Gulshan Avenue, Dhaka-1212, Bangladesh

IDLC Finance PLC, formerly known as Industrial Development Leasing Company of Bangladesh Limited (IDLC),[3] is a multi-product non-banking financial institution with headquarters in Dhaka, Bangladesh.[4] It offers financial services in the form of small and medium enterprise (SME) finance products, supplier and distributor finance, corporate finance, structured finance, retail finance, deposits and treasury products.[5] [6] The IDLC group also provides merchant banking, stock broker and asset management services via its three subsidiaries, IDLC Investments Limited, IDLC Securities Limited and IDLC Asset Management Limited, respectively.[7] [8]

History

IDLC was established in 1985 by the initiation of IFC of the World Bank.[9] The company was formed via collaboration of International Finance Corporation, German Investment and Development Company, Korea Development Financing Corporation, Aga Khan Fund for Economic Development, Kookmin Bank, IPDC Finance Limited of Bangladesh and Sadharan Bima Corporation. It has since emerged as a fully locally owned financial institution.[10]

The Emerging Credit Rating Limited (ECRL) has given AAA long term credit rating and ECRL-1 short term credit rating to the IDLC Finance Limited.[11] [12] [13]

Subsidiaries

The following are the subsidiaries for IDLC Finance PLC:[14]

See also

Further reading

Notes and References

  1. News: IDLC net profit witnesses 28pc growth . The Financial Express . Dhaka . 2018-02-16.
  2. News: IDLC Finance's profits go up 28pc . The Daily Star . 2018-02-16 . 2018-02-16.
  3. Web site: IDLC Finance Limited: Private Company Information - Bloomberg . www.bloomberg.com . 2017-01-20.
  4. Web site: Financial statement analysis of leading leasing industry in Bangladesh . www.reportbd.com . 2017-01-24.
  5. Web site: IDLC Finance Limited » Investor Relations . idlc.com . 2017-01-20 . https://web.archive.org/web/20170124233829/http://www.idlc.com/producta_services.php . 2017-01-24 . dead.
  6. Web site: Life's Work: An Interview With Arif Khan, CEO and Managing Director, IDLC Finance Limited . June 19, 2017.
  7. Web site: IDLC Finance Limited » About Us » Our Subsidiaries . idlc.com . 2017-01-20 . https://web.archive.org/web/20170111122921/http://www.idlc.com/Subsidiaries.php . 2017-01-11 . dead.
  8. News: IDLC appoints group chief marketing officer . The Daily Star . 2016-08-09 . June 19, 2017.
  9. Web site: IDLC Finance Limited – UNEP Finance Initiative . www.unepfi.org . en-GB . 2017-01-20.
  10. Web site: IDLC Finance Limited » About Us . idlc.com . 2017-01-24 . https://web.archive.org/web/20170202013349/http://idlc.com/about.php . 2017-02-02 . dead.
  11. Web site: IDLC Finance Limited (IDLC) . 2017-05-31.
  12. Web site: IDLC Credit Rating . 2017-05-31.
  13. Web site: IDLC Finance Limited » Our Credit Rating . idlc.com . 2017-05-31.
  14. Web site: IDLC Finance Limited » Our Subsidiaries . idlc.com . 2017-05-31.

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