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February 22, 2017
Q4 2016 Earnings Disclosure
IDLC declares 30% Cash Dividend in 2016 amid strong financial performance

-30% Cash Dividend proposed by the Board of Directors
-Net Profit After Tax of BDT 1,780mn, 22% Year on Year growth
-Earnings per Share (EPS) grew to Taka 7.08 from Taka 5.81 in the previous year
-Customer Assets increased by 13% (BDT 7,053 mn) to reach BDT 62,265mn

IDLC Finance Limited reported Net Profit after Tax of BDT 1,780mn in the year 2016, recording a strong 22% growth from last year. Operating Income for the year also increased by 13% year on year and stood at BDT 5,167mn. The Board of Directors approved the consolidated financial statement in its meeting held on 20th February 2017 and proposed 30% Cash Dividend.

In the reporting year IDLC group acquired 9,575 new customers to take the total number of customers to more than 45,000. Total customer loans grew by 13% (BDT 7,053mn) and stood at BDT 62,265mn at the end of the year. The SME division of the company led the growth with an increment of BDT 3,686mn (16%) in its portfolio to end the year with a BDT 26,054mn loan book. The corporate division grew its portfolio by 2,783mn (26%) to end at BDT 13,406mn while the consumer division closed the year with loans of BDT 21,415mn recording a growth of BDT 782mn (4%).

The Non-Performing Loans (NPL) of the company reduced to 2.98% at the end of 2016, compared to 3.06% in the previous year.

Two major subsidiaries of the company, IDLC Investments Limited and IDLC Securities limited also posted strong performance with 42.5% & 7.6% growth, respectively, in profitability over the preceding year, contributing to a very strong group performance.

"All our business divisions - SME, Consumer, Corporate and Deposits; and our capital market subsidiaries - delivered a very strong performance throughout the year and resultantly, we could deliver a robust financial performance. It is a very exciting time for each one of our 1,262 team members and for me, personally, to lead the IDLC group to newer heights every year" said Arif Khan, CEO & Managing Director of IDLC Finance Limited.

He added "These results would not have been possible without the support & guidance of the Board of Directors, the continued patronage of our customers and the astute supervision of our regulators. We keep our feet firmly on the ground while we pursue further growth and profitability embracing the culture of superior transparency and corporate governance standards that IDLC cultivated over the last three decades of operations".
October 18, 2016
Q3 2016 Earnings Disclosure
9 months (January - September 2016) Performance highlights of IDLC Finance Limited:

- Operating Income of BDT 3,778mn, 11% Year on Year growth
- 10% (BDT 5,418 mn) growth in Customer Assets
- Net Profit After Tax of BDT 1,343mn, 17% Year on Year growth

IDLC Finance Limited reported Net Profit after Tax of BDT 1,343mn in the first 9 months of 2016, recording a strong 17% growth from the same period last year. Operating Profit for the period increased 7% year on year and stood at BDT 2,332mn.

In these 9 months IDLC acquired 6,277 new customers and grew the Customer Assets portfolio by 10% (BDT 5,418mn), compared to 31st December 2015. This growth in customer assets was driven primarily by the SME Loan Book, which experienced a healthy 17% growth in this period. SME loans now comprise 45% of the total loan book of IDLC, increasing from 42% at the beginning of the year. The other business segments of the company - Corporate and Consumer Finance - and two major subsidiaries - IDLC Investments Limited and IDLC Securities Limited - also delivered strong performance.

"All our business divisions - SME, Consumer, Corporate, Deposits, Capital market Operations & Money Market operations - delivered a very strong performance throughout the year so far and combined we have delivered a record 9 months profit in 2016" said Arif Khan, CEO & Managing Director of IDLC Finance Limited. He added " The focus remains firmly on continuing the good performance for the rest of the year and also improving our portfolio quality which experienced a minor dent in the last quarter with a slightly increased NPL ratio of 3.22% compared to 3.06% at the end of December 2015. "

IDLC also made considerable investments in infrastructure, people, processes and workplace throughout the year 2016. Major initiatives included inauguration of 4 new branches, relocation of two of major operations (in Gulshan and Dilkusha) to bigger and better premises, investments in technology to introduce an online Credit Appraisal System, Introduction of SME Credit Scoring with support from International Finance Corporation (IFC) and venturing into Digital Marketing space.

Khan said, " We, at IDLC, believe there is always room for improvement and we are relentless in our efforts to be better today than yesterday. Surviving and thriving in this competitive market will depend on how we prepare ourselves for tomorrow. The challenge now is to scale up and reach newer heights and we are making investments in people, infrastructure and technology to face this challenge"
July 31, 2016
Q2 2016 Earnings Disclosure
Performance highlights in the first half of 2016 for IDLC Finance Limited:

- Operating Income of BDT 2,532mn, 18% Year on Year growth
- 10% (BDT 5,336mn) growth in Customer Assets
- Net Profit After Tax of BDT 882mn, 8% Year on Year growth
- Inauguration of 4 new branches in Kushtia, Habiganj, Mymensing & Rangpur
- IDLC Asset Management Limited, 3rd subsidiary of the company started operations

IDLC Finance Limited reported Net Profit after Tax of BDT 882mn in the first half of 2016, recording a solid 8% growth from the same period last year. Operating Profit for the half increased 14% year on year and stood at BDT 1,583mn for the half.

In the first half of 2016 IDLC acquired 3,726 new customers and grew the Customer Assets portfolio by 10% (BDT 5,336mn), compared to 31st December 2015. The company continue to be a strong operator in the SME segment and experienced a growth of 19% in the SME Loan Book at the same period. Corporate and Consumer Loan Books, two other major business segments of the company, also experienced notable growth.

"Despite facing challenging circumstances, IDLC Finance Limited has been able to continue on the growth path in 2016, a testament to the effort put forth by the team and the astute guidance received from the Board of Directors", said Mr. Arif Khan, CEO & Managing Director of IDLC Finance Limited. He also said "While the SME segment posted the highest amount of growth in the loan book, all our business segments enjoyed a good half year. We continue to be very vigilant about the quality of our portfolio and have been able to moderately decrease the NPL ratio to 3.01% at the end of June 2016 compared to 3.06% at the end of December 2015."

IDLC also inaugurated 4 new branches in the half year, while relocating two of its major operations (in Gulshan and Dilkusha) to bigger and better premises, informed Mr. Khan. He added "While these relocations and expansions come at a cost and put a squeeze on the short term profitability, we consider these as investments required to sustain our growth going forward. We remain optimistic about the macro economic outlook of the economy and want to make sure we are well positioned to take full advantage of the economic prosperity, especially in the Small and Medium segment."

IDLC also added a new capital market subsidiary, IDLC Asset Management Limited (AML), in the half. This is expected to further strengthen the capital market operations of the company which was earlier operating with two subsidiaries, IDLC Investments Limited & IDLC Securities Limited. IDLC AML will carry out the business of asset management, primarily through launching and managing mutual funds to cater to the diverse needs of investors. Besides institutional fund management, IDLC AML also aims to facilitate alternative investments in terms of private equity and venture capitals, in the future.
March 25, 2016
IDLC SME Division celebrates SME Night 2016
IDLC SME Division arranged its annual employee recognition program on March 25, 2016. The program was met with great enthusiasm by the participants. Arif Khan, CEO & MD, IDLC Finance Limited, Senior Officials and all the employees of SME Division attended the program.
March 8, 2016
IDLC Purnota Club Organizes "Women Entrepreneur Trade Fair" to Celebrate International Women's Day
On 8th of March, IDLC Purnota Club organized "Women Entrepreneur Trade Fair" to celebrate International Women`s Day. The fair had stalls by women entrepreneurs having products like boutique, clothing, shoes, handicraft, leather goods, pop books, crockeries, etc. The event was met with great enthusiasm by guests and IDLC employees. Ms. Nazneen Sultana, Former Deputy Governor of Bangladesh Bank, Ms. Nasreen Fatema Awal, founder President of Women Entrepreneur Association of Bangladesh (WEAB), Ms. Falguni Hamid, Actress, Ms. Farzana Rupa, Special Correspondent of Channel 71, Ms. Tania Wahab, owner of Karigar and Mr. Arif Khan, CEO & MD, IDLC Finance Ltd spoke on the occasion. The ceremony closed with a cake cutting ceremony and light refreshments for the attendees.
January 22, 2016
IDLC Participated at BARVIDA Car Expo 2016
As a part of our marketing strategy, IDLC Finance Limited successfully partaken in "BARVIDA Car Expo 2016", which was a three day event organized by Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA). The expo was held at the International Convention City Bashundhara (ICCB), Dhaka during 22nd to 24th January 2016. Mr. Shajahan Khan, MP, Honorable Shipping Minister of Bangladesh Government, was present as the Chief Guest in the Inaugural Session. Renowned reconditioned vehicle Importers & Dealers, Financial Institutions, Insurance companies, CNG conversion service providers, car accessories & parts sellers, car security service providers and other relevant stakeholders participated in the fair. Md Abdul Hamid Sharif, President, BARVIDA along with state bodies like the National Board of Revenue (NBR) and Bangladesh Road Transport Authority (BRTA) were also present at the event, interacted with the visitors & provided them with necessary information. Consumer Division successfully promoted its Car Loan products throughout the fair period and received almost 200 prospective client database, who paid a visit to our stall and placed queries regarding car loan. A good number of loan applications have already been submitted & some are in process of submission, which were sourced through the fair. We firmly believe that our participation in the fair has facilitated us with a distinct branding regarding our product features. We hope it would take us one step ahead towards maintaining our position as one of the major market leaders in Car Loan industry of the country.
December 20, 2014
Children's Day at IDLC
IDLC dedicated a day full of fun and games to the children of IDLC staff. The premises were colorfully decorated. Around 15O children along with their parents spent a day with comic characters, mascots and fun rides. It was a unique experience that strengthened the bond amongst the IDLC family.

To view the event pictures, please Click Here .