Premier Leasing & Finance Limited (Bangladesh)

The Company was incorporated in Bangladesh as a Public Limited Company on September 26, 2001 under the Companies Act, 1994.
The Company is a non-banking financial institution established under the Financial Institutions Act, 1993. It started operation after obtaining license from Bangladesh Bank on February 04, 2002.
The Company went for public issue in 2005 and its shares were listed on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchanges (CSE) on October 20, 2005.
The Company extends lease finance for capital machinery, construction and medical equipments, generators, boilers, vehicles, elevators, air-conditioning plants, house-holds and other essential items and equipments for business enterprises like mills, factories, financial institutions, banks and insurance companies as well as educational institutions, clinics, hospitals, corporate bodies and individuals. The Company also extends term loan and house building loan.
The financial statement of the Company are made up to 31 December each year and are prepared under historical cost convention and in accordance with (First Schedule) (sec-38) of the Bank Companies Act, 1991, DFIM circular number 11 dated December 23, 2009, other Bangladesh Bank circulars, Bangladesh Financial Reporting Standards (BFRS), the Companies Act, 1994, the Financial Institutions Act, 1993, Securities and Exchange Rules of 1987 and other prevailing laws and rules applicable in Bangladesh.