LankaBangla Finance PLC. is a licensed non-banking financial company in Bangladesh. Mohammad A. Moyeen is the chairman of LankaBangla Finance Limited. Humaira Azam is the CEO and managing director of LankaBangla Finance PLC.

History

LankaBangla Finance Limited was established in 1997 as a non-banking financial institution by Vanik Incorporation Limited of

Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...

and some Bangladeshi investors. It was originally named Vanik Bangladesh Limited but was renamed to LankaBangla Finance Limited in 2003.

Sampath Bank Sampath Bank PLC (, ) is a licensed commercial bank incorporated in Sri Lanka in 1987 with 229 branches and 373 ATMs island-wide. It has won the "Bank of the Year" award by ''The Banker'' of ''Financial Times Limited – London'', for two conse ...

and One Bank Limited purchased shares in 2003. In 2005, LankaBangla Finance Limited launched LankaBangla Finance MasterCard replacing the old Vanik Card which was launched in 1998. In May 2007, it provided a 10 per cent cash dividend. In 2010, the company was planning to go public with LankaBangla Securities Limited. Mohammed Nasir Uddin Chowdhury was appointed managing director of LankaBangla Finance Limited on 4 December 2011. On 1 June 2017, Khwaja Shahriar was appointed managing director of LankaBangla Finance Limited. LankaBangla Finance Limited increased their profit by 14.35 per cent in 2019 despite the liquidity crises in the financial market of Bangladesh. It received US$20 million from the Islamic Corporation for the Development of the Private Sector. In June 2020, it declared a 12 per cent dividend. In 2022, LankaBangla Finance Limited signed memorandum of understanding with Rangs Limited. It signed an agreement with Nagad in June. LankaBangla Securities was the top stock broker for 16 years at

Dhaka Stock Exchange The Dhaka Stock Exchange (DSE) ( ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In January 2023, DSE and Nasdaq announced their partnership ...

and 15 years at the

Chittagong Stock Exchange The Chittagong Stock Exchange () is a stock exchange based in the port city Chittagong, Bangladesh. It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1995, the exchange is located in the A ...

consecutively. LankaBangla Securities Limited thanked chairman of

Bangladesh Securities and Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...

Shibli Rubayat-Ul-Islam for approving TradeXpress of LankaBangla, a broker hosted OMS. It had 4.35 billion BDT in classified loans in 2022.

Government Pension Fund of Norway The Government Pension Fund of Norway () is the sovereign wealth fund collective owned by the government of Norway. It consists of two entirely separate sovereign wealth funds: the Government Pension Fund Global (or Norges Bank Investment Mana ...

invested US$1.76 million in LankaBangla Finance. In 2023, LankaBangla Finance Limited signed an agreement with Trust Axiata Pay (TAP).

Subsidiaries

* LankaBangla Securities Limited * LankaBangla Investments * LankaBangla Asset Management Company * LankaBangla Foundation

Board of directors

References

Organisations based in Dhaka Bangladeshi companies established in 1997 Financial services companies of Bangladesh {{Bangladesh-org-stub