IDLC Finance PLC, formerly known as Industrial Development Leasing Company of Bangladesh Limited (IDLC), is a multi-product non-banking financial institution with headquarters in

Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. It offers financial services in the form of small and medium enterprise (

SME ''Sme'' (stylized as ''SME'') or ''Denník Sme'' () is one of the widely-read mainstream broadsheets in Slovakia. Its website is one of the most-visited internet portals in Slovakia. Ownership status In June 2016, the Antimonopoly Office appro ...

) finance products, supplier and distributor finance,

corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

structured finance Structured finance is a sector of finance — specifically financial law — that manages Leverage (finance), leverage and Financial risk, risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of ...

, retail finance,

deposits A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. ...

and treasury products. The IDLC group also provides

merchant banking A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commod ...

stock broker A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and m ...

and

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

services via its three subsidiaries, IDLC Investments Limited, IDLC Securities Limited and IDLC Asset Management Limited, respectively.

History

IDLC was established in 1985 by the initiation of IFC of the World Bank. The company was formed via collaboration of

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

, German Investment and Development Company, Korea Development Financing Corporation,

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, IPDC Finance Limited of Bangladesh and

Sadharan Bima Corporation Sadharan Bima Corporation (popularly known as SBC) is the one and only state-owned non-life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh. Both Sadharan Bima Corporation, ...

. It has since emerged as a fully locally owned

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. The Emerging Credit Rating Limited (ECRL) has given

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long term credit rating and ECRL-1 short term credit rating to the IDLC Finance Limited. On August 2024, IDLC promoted one person to AMD and two to DMD after

2024 Bangladesh quota reform movement The 2024 Bangladesh quota reform movement was a series of anti-government and pro-democracy protests in Bangladesh, spearheaded primarily by Universities in Bangladesh, university students. Initially focused on restructuring Quota system of B ...

Subsidiaries

The following are the subsidiaries for IDLC Finance PLC: * IDLC Securities Limited * IDLC investments Limited * IDLC Asset Management Limited

Shareholders

List of top largest shareholders of IDLC: City Bank PLC (23.31%): * City Bank PLC (9%) * City Bank Capital Resources Ltd. (9.9%) * City Brokerage Ltd. (4.31%)

Transcom Group Transcom Limited is a Bangladeshi business conglomerate. The businesses under this group include beverage, pharmaceuticals, newspaper, radio channel, electronics, foods, etc. Transcom is the local agent or comprador of international brands. Thi ...

(13.33%): * SK+F (8%) * Transcraft Ltd. (4.01) * Bangladesh Lamps Ltd. (1.32%) Mercantile Bank PLC (5.5%): * Mercantile Bank PLC (3.5%) * Mercantile Bank Securities Ltd. (2%) Investment Corporation of Bangladesh (8.12%)

(7.62%)

Reliance Insurance Limited Reliance Insurance Limited, was founded in Bangladesh as a private non-life insurance company in 1988. Currently the firm has 31 branches throughout Bangladesh, with 278 employees. In the year 2024, the company had earned BDT 5,122.02 million ...

(7%)

History

Subsidiaries

Shareholders

See also

References

Further reading