NEWS AND INSIGHTS

NEWS AND INSIGHTS

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04 May
May 4, 2019

An enlightening session on IPDC’s performance and strategic initiatives

IPDC Finance, the first private sector non-banking financial institution of the country, has conducted an enlightening session of their performance, benchmarks, key strategic initiatives and the challenges that lay ahead. The session titled “Investors Meet” was conducted on Thursday at Westin of the Capital.

Existing and potential investors were pleased to learn the exemplary performance of the company within a span of three years of laying its strategic initiatives. After the onset of BRAC, the largest and No.1 nongovernmental organization of the world as one of the major shareholder, IPDC had realigned their focus on nationwide spread with diversified services to steer up its next phase of growth and has been successfully implementing the newly defined strategies for the upcoming years. These strategies include ‘A Home for Every Family’, ‘Empowering Women’, ‘Creating Entrepreneurs’, ‘Beyond Mega Cities’ and ‘Bring Convenience at Home’.

From IPDC, Mominul Islam, Managing Director and CEO; Rizwan Dawood Shams, DMD & Head of Business Finance; Md. Kyser Hamid, DMD & Head of Retail Business & other high officials were present at the event.

Also, representatives from LankaBangla Investments, BRAC EPL Investments LTD, IIDFC Capital Limited, CAPM Advisory, Brummer & Partners (Bangladesh) & other notable financial institutions were also present in the event.

Mominul Islam, Managing Director & CEO IPDC Finance Limited speaking at the occasion said, “IPDC’s undertaking is relevant to the socio-economic challenges and opportunities of Bangladesh in the next ten years. Having the precise road map, we have created a holistic approach and introduced a digital platform and product namely Orjon for Supply Chain Finance and Bhalo Basha i.e. Affordable Home loan beyond megacities and many other in process.’’

Deedarul Huq Khan, Chief Executive Officer, BRAC EPL Investments LTD quoted “IPDC indeed has attained an astounding transformation by growing its business tenfold and reducing the NPL from one of the highest in the country to one of the lowest around at 1.2%. A profit growth of 120% year over year in the first quarter of 2019 itself is an indicator of its diligence.’’