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March 30, 2016
IDLC declares 25% cash dividend at its 31st AGM
The 31st Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Wednesday, March 30, 2016 at the Radisson Blu Water Garden Hotel, Dhaka. In line with the proposal by the Board of Directors, the AGM approved 25% Cash Dividend (Taka 2.50 per share) for the company`s shareholders for the year 2015. The AGM also approved the proposal of enhancement of Authorized Capital of the Company to BDT 1,000 crore by amending of Clause V of the Memorandum and Article 7 of the Articles of Association of the Company subject to the approval by regulatory authorities.

It was also mentioned in the AGM that during 2015, IDLC reinforced its presence as a sector leader in the country and strengthened its positioning as a customer-centric non-banking financial institution. Despite several challenges on the political and economic front that led to sluggish industrial growth, IDLC reported a respectable performance during the year. At the end of 2015, the IDLC Group`s total loans & advances stood at Taka 55,212 million, an increase of 17.30% over last year, while deposits grew by 30.14% to Tk 47,624 million. Simultaneously, net profit after tax rose by 17.16% to Taka 1,459 million.

Aziz Al Mahmood, Chairman, IDLC Finance Limited presided over the AGM, which was also attended by other Directors -Faruq M. Ahmed (Chairman of the Executive Committee), Monower Uddin Ahmed (Independent Director and Chairman of the Audit Committee), Md. Kamrul Hassan FCA, Mati Ul Hasan, Atiqur Rahman and the CEO & Managing Director, Arif Khan CFA FCMA. A large number of shareholders were present at the meeting.

The Chairman and Managing Director both welcomed the assembled shareholders and thanked them for their continued sponsorship of IDLC. The Chairman said that IDLC has delivered a robust financial performance and made good strategic progress in 2015. He also opined that the company`s strong Balance Sheet and the market positions of its businesses are poised to deliver sustainable profit growth and shareholder returns over time. Shareholders, too, voiced their appreciation at the significant step up in the Group`s operations.
March 30, 2015
IDLC declares 25% stock dividend and 10% cash dividend at its 30th AGM
The 30th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Monday, March 30, 2015 at the Radisson Blu Water Garden Hotel, Dhaka. In line with the proposal by the Board of Directors, the AGM approved 25% Stock Dividend (1 Bonus share for every 4 Ordinary shares held) & 10% Cash Dividend (Taka 1.00 per share) for the company?s shareholders for the year 2014. The AGM also approved the proposal of issuing One Right share for every 2 Ordinary shares held (1R:2) at an issue price of Taka 20 each (including a premium of Taka 10 per share) subject to the approval from regulatory authorities.

It was also mentioned in the AGM that during 2014, IDLC reinforced its presence as a sector leader in the country and strengthened its positioning as a customer-centric non-banking financial institution. Despite several challenges on the political and economic front that led to sluggish industrial growth, IDLC reported a respectable performance during the year. At the end of 2014, the IDLC Group?s total loans & advances stood at Taka 47,069 million, an increase of 15% over last year, while deposits grew by 21% to Tk 36,595 million. Simultaneously, net profit after tax rose by 86% to Taka 1,246 million.

Anwarul Huq, Chairman, IDLC Finance Limited presided over the AGM, which was also attended by other Directors ?Farooq Sobhan, Hossain Mehmood, Faruq M. Ahmed, Md. Kamrul Hassan, FCA, Md. Rezaul Karim, Syed Abu Naser Bukhtear Ahmed, Monower Uddin Ahmed and the CEO & Managing Director, Selim R. F. Hussain. A large number of shareholders were present at the meeting.

The Chairman and Managing Director both welcomed the assembled shareholders and thanked them for their continued sponsorship of IDLC. The Chairman said that IDLC has delivered a robust financial performance and made good strategic progress in 2014. He also opined that the company?s strong Balance Sheet and the market positions of its businesses are poised to deliver sustainable profit growth and shareholder returns over time. Shareholders, too, voiced their appreciation at the significant step up in the Group's operations.
March 30, 2014
IDLC declares 25% stock dividend and 5% cash dividend at its 29th AGM
The 29th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held at the Radisson BLU Water Garden Hotel, Dhaka on Sunday, March 30, 2014. The Company has approved 25% stock dividend and 5% cash dividend for its shareholders for the year 2013.

Amid intense competition among the banks and financial institutions IDLC continued to maintain its growth both in terms of business volume and profitability. IDLC earned BDT 1,518 mn operating profit and BDT 669 mn profit after tax during the year 2013. At the end of 2013, the IDLC Group?s customer loans & advances were BDT 40,941 mn, a 26% year-over-year increase, while customer deposits grew by 31% to BDT 30,187 mn. Non-performing-loans had dropped from 2.09% in 2012 to 1.63% in 2013.

Anwarul Huq, Chairman, IDLC Finance Limited presided over the AGM, which was also attended by other Directors ? Syed Abu Naser Bukhtear Ahmed, Kamrul Hassan, Hossain Mehmood, Farooq Sobhan, Rezaul Karim and CEO & Managing Director Selim R. F. Hussain. A large number of shareholders were present at the meeting.

The Chairman and Managing Director both welcomed the assembled shareholders and thanked them for their continued sponsorship of IDLC Finance.
March 28, 2013
IDLC declares 30% stock dividend at its 28th AGM
The 28th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Monday, March 25, 2013 at the Bashundhara Convention Center, Dhaka. The Company. has approved 30 percent stock dividend (Bonus shares) for its shareholders for the year 2012.

Amid intense competition among the banks and financial institutions IDLC continued to maintain its growth both in terms of business volume and profitability. The Company saw an impressive growth in Net Profit by about 213 million taka or 42% higher over last year. At the end of 2012, the IDLC Group’s customer loans & advances were Tk 32,595 million, a 24% year-over-year increase, while customer deposits grew by 31% to Tk 22,008 million. Non-performing-loans had dropped from 2.32% in 2011 to 2.09% in 2012.

Anwarul Huq, Chairman, IDLC Finance Limited presided over the AGM, which was also attended by other Directors – Rubel Aziz, Md. Habibur Rahman Mollah, K. Mahmood Sattar, Farooq Sobhan, M. Amanullah and the CEO & Managing Director, Selim R. F. Hussain. A large number of shareholders were present at the meeting.

The Chairman and Managing Director both welcomed the assembled shareholders and thanked them for their continued sponsorship of IDLC Finance. The Chairman said that 2012 had been a landmark year for IDLC because of the major investments in Branding, Core Technology Platform and Process Re-engineering. The group's infra-structure had been significantly enhanced and Business Growth had accelerated despite the challenges in the business environment. Shareholders, too, voiced their appreciation at the significant step up in the Group's operations.
March 29, 2012
IDLC declares 25% stock dividend at its 27th AGM
The 27th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Wednesday, March 28, 2012 at the Trust Milonayaton, Dhaka. The Co. has approved 25 percent stock dividend (Bonus shares) for its shareholders for the year 2011.

At the end of 2011, the IDLC Group’s customer loans & advances were Tk 26,357M, a 24% year-over-year increase, while customer deposits grew by 36% to Tk 17,638M. Non-performing-loans had dropped from 2.84% in 2010 to 2.32% in 2011.

Anwarul Huq, Chairman, IDLC Finance Limited presided over the AGM, which was also attended by other Directors – Farooq Sobhan, K.M. Sattar, Habibur Rahman Mollah and the CEO & Managing Director, Selim R. F. Hussain. A large number of shareholders were present at the meeting.

The Chairman and Managing Director both welcomed the assembled shareholders and thanked them for their continued sponsorship of IDLC Finance. The MD then stated that IDLC’s core business drivers, customer deposits and loans had grown satisfactorily in 2011 despite the liquidity squeeze and other challenges experienced in the financial sector. He emphasized that IDLC had very ambitious growth plans over the next five years and was building its capacity, in terms of people, premises and technology, to support such growth.

The IDLC Group has recently been re-branded with the launching of a new logo and a new tagline, “Financing Happiness”, to complement the brand. IDLC believes that new logo will continue to reflect the company’s traditional strengths, its strong reputation for corporate governance, statutory compliance and stability, while showcasing new energy and innovation through a modern outlook.
March 31, 2011
IDLC declares stock dividend @ 65% and 35% cash dividend at its 26th AGM
The 26th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Thursday, March 31, 2011 at the Bangabandhu International Conference Centre, Agargaon, Dhaka. Anwarul Huq, IDLC Finance Chairman, presided over the AGM, which was also attended by other Directors - Aziz Al Kaiser, Rubel Aziz, Habibur Rahman Mollah, Meherun Haque, Md. Rezaul Karim, Golam Faruk Ahmed and the CEO & Managing Director, Selim R. F. Hussain. A large number of shareholders were present at the meeting. Anwarul Huq, Chairman of the Company presented the Directors’ Report, Auditors’ Report and audited Financial Statements for the year 2010 before the shareholders.

Selim R. F. Hussain, CEO & Managing Director of the Company replied to the shareholders’ queries. The shareholders approved stock dividend @ 65% and cash dividend @ Tk. 35 per share for the year 2010.

In 2010, the IDLC-Group invested heavily for the future and also managed to grow business volumes and profits. A total of 12 new branches, six each for IDLC-Finance and IDLC-SL Ltd, were opened, 100 employees were recruited and a Group-wide comprehensive technology project was initiated in 2010.

The IDLC-Group (IDLC-Finance & IDLC-Securities Ltd.) earned a net profit of 1,327M in 2010 - a 61% growth over the previous year. Consolidated equity reached 3,690M, a 54% year over year increase, while assets grew by 19% to Tk. 27,000M. Consolidated Earnings Per Share and Return on Equity at 2010 year end stood at Tk. 221.18 and 43.64% compared to previous year’s Tk.136.98 (Restated) and 41.05% respectively. IDLC’s market capitalization at the end of 2010 was Tk. 27.89 Billion compared to Tk. 11.11 Billion at the end of 2009.

During the question and answer session, Selim RF Hussain, the IDLC CEO & Managing Director mentioned that the Co. had focused on enhancing key business drivers (people, premises, processes & technology) ; diversifying revenue streams and improving risk-management. He also said that 2010 performance were possible only because of the guidance of the IDLC Board and the energy and commitment of its staff and thanked clients and regulators for their support. Shareholders present at the Meeting were most appreciative the Co.’s operational and financial performance during the period under review.
April 19, 2010
IDLC holds 25th Annual General Meeting (AGM)
The Twenty Fifth (25th) Annual General Meeting (AGM) of IDLC Finance Limited (IDLC) was held on Monday, April 19, 2010 at 11.00 a.m. at the Celebrity Hall of Bagabandhu International Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka 1207.

Mr. Anwarul Huq, Chairman of the Company, presided over the meeting. The AGM was also attended and graced by Rubel Aziz, Md. Habibur Rahman Mollah, Meherun Haque, Yongbok Jo, Md. Rezaul Karim, A.K.M. Shaheed Reza, Farooq Sobhan, Directors of the Company and Selim R.F. Hussain, CEO & Managing Director of the Company.
A large number of shareholders were present at the meeting. Anwarul Huq, Chairman of the Company presented the Directors' Report, Auditors' Report and audited Financial Statements for the year 2009 before the shareholders.

As the position of Anis A Khan, as CEO & Managing Director expired on March 31, 2009, the Board went through a process to find out a new CEO & Managing Director and ultimately selected Mr. Selim R. F. Hussain as the CEO & Managing Director of the Company with effect from January 01, 2010 for a period of three years.

Thereafter, the Chairman placed the Board’s appointment of CEO & Managing Director before the shareholders of the Company for their approval and shareholders approved the appointment of Selim RF Hussain as CEO & Managing Director of the Company.

The Chairman placed the Directors’ Report and Audited Financial Statements along with Auditors’ Report thereon for the year ended December 31, 2009, before the shareholders present at the meeting, for discussions and adoption.

On invitation from the Chairman, the shareholders participated in the discussions on the Financial Statements for the year 2009.

After the discussion by the shareholders on the financial performance of the Company the Chairman requested the CEO & Managing Director to reply to the queries of the Shareholders. The CEO & Managing Director appreciated the shareholders for their various comments and suggestions and replied their queries satisfactorily.

The CEO & Managing Director then expressed his gratitude to the valued shareholders and to the Chairman and Board members for their continuous support and encouragement during 2009. He also thanked and appreciated the employees of the Company for their sincere, dedicated and hard work to achieve the excellent performance during 2009.

Thereafter, the Chairman placed the Directors’ recommendation to declare stock dividend @ 100% (one share for every one share held) and cash dividend @ 10% (Tk. 10.00 per share) for the year ended December 31, 2009, before the shareholders for their approval. The shareholders unanimously adopted the dividend for the year 2009.
March 30, 2009
IDLC holds 24th Annual General Meeting (AGM)
IDLC declares stock dividend @ 20% (one share for every five shares held) and 15% cash dividend at its 24th AGM.

The 24th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Monday, March 30, 2009 at the Bangladesh China Friendship Conference Centre, Agargaon, Dhaka. Anwarul Huq, Chairman of the Company, presided over the meeting. The AGM was also attended by Shafiqul Azam, Rubel Aziz, A. K. M. Shahidul Haque, Yongbok Jo, Aziz Al Kaiser, Habibur Rahman Mollah, K. Mahmood Sattar, and Anis A. Khan, CEO & Managing Director. A large number of shareholders were present at the meeting. Anwarul Huq, Chairman of the Company presented the Directors' Report, Auditors' Report and audited Financial Statements for the year 2008 before the shareholders.

Anis A. Khan, CEO & Managing Director of the Company replied to the shareholders' queries. The shareholders approved stock dividend @ 20% and cash dividend @ Tk. 15 per share for the year 2008.

Despite the global and national economic difficulties, intense competition from other players in the field, including banks, IDLC continued to maintain its growth in terms of both business volumes and profitability. The year 2008 saw an 18% growth in disbursements over the previous year. IDLC's consolidated equity grew by a robust 29% over 2007. Total assets of the Company stood at Tk. 17.4 billion at the end of 2008, which is 16% higher than the previous year.

During the year, consolidated net profit of the Company stood at Tk.406 million, showing an impressive growth of 34% over 2007, with total equity reaching BDT 1,611 million at end 2008. Consolidated earnings per share and return on equity at the year end stood at Tk. 162.6 and 28.4% compared to previous year's Tk. 121.3 and 27.6%, respectively. The market capitalization at the end of 2008 was Tk. 5,7 billion compared to Tk. 3.0 billion at the end of 2007.

During the discussions, the IDLC CEO & Managing Director mentioned that these achievements were possible only because of the strong support of the shareholders, clients, relevant government agencies, Board members and a competent and professional work force. The shareholders appreciated the operational and financial performance during the period under review.
March 30, 2008
IDLC holds 23rd Annual General Meeting (AGM)
The 23rd Annual General Meeting of the shareholders of IDLC Finance Limited was held on Sunday, March 30, 2008 at the Bangladesh China Friendship Conference Centre, Agargaon, Dhaka. Anwarul Huq, Chairman of the Company, presided over the meeting, which was attended by directors - Shafiqul Azam, Yongbok Jo, Jeong Won Byun, Md. Habibur Rahman Mollah and Monweruddin Ahmed. A large number of shareholders were present at the meeting. Anwarul Huq, IDLC Chairman presented the Directors' Report, Auditors' Report and audited Financial Statements for the year 2007 before the shareholders.

Anis A. Khan, CEO & Managing Director of the Company replied to the shareholders' queries and comments. The shareholders approved stock dividend @ 1:4 and cash dividend @ Tk. 15 per share for the year 2007. The shareholders also approved issuance of bonds and debentures to the extent of Tk. 3 (three) billion.

IDLC continued to grow its business and profitability despite intense competition from banks and other financial institutions. The year 2007 saw an impressive 20% growth in disbursements over the previous year. IDLC's consolidated equity grew by a robust 31% over 2006. Total assets of the Company stood at Tk. 14.4 billion at the end of 2007, which is 29% higher than the previous year.

During the year, consolidated net profit of the Company stood at Tk. 303 million, showing a vigorous growth of 93% over 2006, with total equity reaching BDT 1,247 million at end 2007.

The Company's wholly owned subsidiary, IDLC Securities Limited opened branches at DOHS Mohakhali, Dhaka and Chittagong in 2007 to provide better services to its customers.

During the deliberations, IDLC CEO & Managing Director mentioned that these achievements were possible only because of the strong support received from the clients, regulators including Bangladesh Bank and the Securities & Exchange Commission, other relevant government agencies, shareholders, IDLC Board members and a competent and professional work force. The shareholders appreciated the operational and financial performance during the period under review.