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IDLC Finance Limited

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IDLC Finance Limited
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
Websitehttp://idlc.com/

IDLC Finance Limited, 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, The City Bank Limited, Bangladesh Limited and Sadharan Bima Corporation. It has since emerged as a fully locally owned financial institution.[10]

Products and services

IDLC has different products and services in

  • Lending Products:
    • Corporate Division
    • Consumer Division
    • SME Division
  • Deposit Products:
    • Flexible Term Deposit Package
    • Regular Earner Package
  • Capital Market Subsidiaries:
    • IDLC Asset Management Limited
      • Mutual Funds
      • Alternative investment Funds
      • Corporate Advisory
  • *IDLC Securities Limited Products
    • Cash Account
    • Margin Account
    • Easy IPO
    • Premium Brokerage for High Networth Individuals (HNIs), Institutions and Foreign Investors
    • Trade execution through the Dhaka and Chittagong stock exchanges
    • Internet based trading facilities
    • Custodial and CDBL services
    • Bloomberg terminal for foreign clients
    • Research and Advisory Services
  • IDLC Investments Limited Products
    • Margin Loan
    • Discretionary Portfolio Management Services
    • Corporate Advisory
    • Issue Management
    • Underwriting

Credit rating

Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as Triple A) long term credit rating and ECRL-1 short term credit rating to the IDLC Finance Ltd (From here on referred to as IDLCFL) based on audited financials of FY2009-2013 and other available information up to the date of rating. The outlook on the rating is Stable. The ratings are consistent with ECRL's methodology for this type of financial institutions. ECRL considered financial performance, capital base, asset composition, asset quality, earning trends, profitability, management experience and prospect of the industry while assigning the rating

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 based on financials from 2009 - 2013.[11][12][13]

Branches

The following are where the branches for IDLC Finance Limited are located:[14]

Subsidiaries

The following are the subsidiaries for IDLC Finance Limited:[15]

  • IDLC Securities Limited
  • IDLC investments Limited
  • IDLC Asset Management Limited

See also

References

  1. ^ "IDLC net profit witnesses 28pc growth". The Financial Express. 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". 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". Retrieved 2017-05-31.
  14. ^ "IDLC Finance Limited » Contact Us". Retrieved 2017-05-31.
  15. ^ "IDLC Finance Limited » Our Subsidiaries". idlc.com. Retrieved 2017-05-31.

Further reading

  • "Lease Financing Practices in Bangladesh: A Case Study of IDLC". Dhaka University Journal of Business Studies. 16 (2): 225–237. 1995. OCLC 26910293.
  • Jahur, Mohammad Saleh; Quadir, S. M. Nasrul (1998). "Performance Evaluation of Some Leasing Companies". The Chittagong University Journal of Commerce. 14: 187–206. OCLC 609319505.
  • Mohajan, Haradhan Kumar (Spring 2012). "The Lease Financing in Bangladesh: A Satisfied Progress in Business and Industrialization". International Journal of Finance and Policy Analysis. 4 (1): 9–24. ISSN 0974-3499.
  • Chowdhury, Sarwar A. (13 June 2013). "The aggressive financier". The Daily Star.
  • "IDLC gets asset management licence". The Daily Star. 14 June 2016.
  • "Operating income of IDLC mixed in five years". The Financial Express. Dhaka. 22 March 2020.
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