Idlc Finance Limited (Bangladesh)

The Company, which acts as a non-banking financial institution, is mainly engaged in serving the diverse needs of its customers through varied products in Corporate Finance, SME Finance, Consumer Finance and Capital Market segments.
The Company was established on 23 May 1985 with the collaboration of reputed international development agencies and its shares were listed on Dhaka Stock Exchange Limited on March 20, 1993 and with Chittagong Stock Exchange Limited on November 25, 1996.
The primary goal of the company was to help modernize the financial services industry, by introducing modern modes of financing hitherto unknown to Bangladesh. This, we set about to do, by pioneering the launch of a multitude of financial products and services.
The Company s principal activities encompass investment banking (issue management, underwriting and corporate advisory), discretionary portfolio management and margin lending. Through its diverse services, the Company serves its large number of customer base with product offerings ranging from Home Loans for Individuals to Factoring and Work Order Financing for small and medium enterprises (SMEs) and services, such as: Lease Financing, Syndication, Corporate Advisory, Bridge Financing, Underwriting, Issue Management, Private Placement of Stocks and Debt Instruments for Corporate Customers.
HISTORY
1985: The first Lease Agreement was signed and Industrial Development Leasing Company of Bangladesh Limited was
incorporated.
1990: A branch was established in Chittagong, the main port city of Bangladesh.
1993: Listed on the Dhaka Stock Exchange.
1995: Licensed as a Financial Institution under the Financial Institutions Act, 1993.
1996: Listed on the Chittagong Stock Exchange.
1997: Commencement of Home Finance and Short Term Finance operations.
1998: Licensed as a Merchant Banker by the Securities and Exchange Commission.
1999: Commencement of Corporate Finance and Merchant Banking operations.
2004: First retail-focused branch was opened at Dhanmondi.
Gulshan Branch was opened.
Investment Management Services Cap Invest was launched.
2005: Securitized Zero Coupon Bonds are issued by IDLC Securitisation Trust 2005.
An MoU for strategic alliance was signed between IDLC and SBI Capital Markets Limited, India.
Local Enterprise Investment Centre (LEIC) was launched with the objective of SME development, with contribution from the
Canadian International Development Agency (CIDA) of the Government of Canada.
2006: SME-focused branch was opened at Bogra.
Merchant Banking branch was opened in the port city of Chittagong.
Company s Registered and Corporate Head Office was relocated at its own premises at 57, Gulshan Avenue, Dhaka-1212.
IDLC Securities Limited, a wholly-owned subsidiary of IDLC, commences operations.

2007: Company s name was changed to IDLC Finance Limited from the previous Industrial Development Leasing Company of
Bangladesh Limited.
2008: Dilkusha Branch and Dhanmondi Branch were opened.
2009: DLC Finance Limited and IDLC Securities Limited open branches in Sylhet.
2010: Narayangonj Branch, Savar Branch, Nandankanon Branch and Comilla Branch were opened.
2011: Mirpur, Tongi Branch was opened.
2012: Change of logo and rebranding of IDLC and Jessore branch was opened.
2014: Bhulta Branch and Khulna Branch were opened.
2016: Establishment of IDLC ASSET MANAGEMENT LIMITED.
2017: Opening of Barisal Branch and Elephant road branch.
4th ICSB National Award for Corporate Governance Excellence, 2016 and 17th ICAB National Award for Best Presented.
Annual Reports 2016 – Financial Services Sector.
2018: SAFA Best Presented Annual Report Awards 2016 – Integrated Report.
ICMAB Best Corporate Award 2016 – Non-bank Financial Institutions Category.

The company has been recognized by Large Tax Payer Unit (LTU) for being the highest tax payer among non-bank financial institutions in the nation.
2023: The Bank name change from IDLC Finance Limited to IDLC Finance PLC on 12 December 2023