IDLC Finance Limited

IDLC Finance Limited
Type	Publicly traded
Traded as	DSE: IDLC
Industry	Financial Services
Founded	1985 (as a leasing company); 2012 (as IDLC Finance)
Headquarters	Bay's Galleria (1st Floor), 57 Gulshan Avenue, Dhaka-1212, Bangladesh
Area served	Bangladesh
Key people	Aziz Al Mahmood (Chairman); Arif Khan (CEO and MD);
Products	Investment banking; Corporate finance; Consumer banking;
Operating income	BDT 5.82 Billion (2018)[1]
Net income	BDT 2.17 Billion (2018)[2]
Total assets	BDT 109.17 Billion
Website	http://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

gollark: Nobody, I said that was basically okay with an opt-out.

gollark: That's not lying.

gollark: Or just *don't tell everyone everything*.

gollark: I, personally, would prefer some people lying to me without me knowing to everyone knowing the full details of my life or something.

gollark: The trouble is that anonymous data often isn't, at least in the sense that it can be correlated back to the original person.

References

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