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IDLC Finance PLC
Company typePublicly traded
DSE: IDLC
IndustryFinancial services
Founded1985 (as a leasing company) (1985 (as a leasing company))
2012 (as IDLC Finance) (2012 (as IDLC Finance))
HeadquartersBay's Galleria (1st Floor), 57 Gulshan Avenue, Dhaka-1212, Bangladesh
Area served
Bangladesh
Key people
Products
Increase BDT 5.82 Billion (2018)[1]
Increase BDT 2.17 Billion (2018)[2]
Total assetsBDT 109.17 Billion
Websiteidlc.com

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 Limited:[14]

See also

References

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

Further reading

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