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March 30, 2017
IDLC declares 30% cash dividend at its 32nd AGM
The 32nd Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Thursday, March 30, 2017 at the Radisson Blu Water Garden Hotel, Dhaka. In line with the proposal by the Board of Directors, the AGM approved 30% Cash Dividend (Taka 3.00 per share) for the company`s shareholders for the year 2016.

It was also mentioned in the AGM that during 2016, IDLC reinforced its presence as a sector leader in the country and strengthened its positioning as a customer-centric non-banking financial institution. In 2016 political stability has also fostered an environment that has encouraged investments under the Government`s annual development programme, resulting in a conducive business environment. IDLC reported a respectable performance during the year. At the end of 2016, the IDLC Group`s total loans & advances stood at Taka 62,265 million, an increase of 13% over last year, while deposits grew by 4% to Taka 49,324 million. Simultaneously, net profit after tax rose by 22% to Taka 1,780 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), Meherun Haque, S. M. Mashrur Arefin, Mohammad Mahbubur Rahman FCA, Md. Kamrul Hassan FCA, Syed Shahriyar Ahsan, Mati Ul Hasan, Atiqur Rahman, Niaz Habib, Matiul Islam Nowshad 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 2016. 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.
February 26, 2017
IDLC supports Badal Miah's Family
Badal Mia, a railway staffer of Bangladesh Railway, saved a little girl's life from a train accident on 27 January 2017. While saving the girl's life, Badal Miah lost his own. Not everyday do we find people who are willing to sacrifice their own lives to save another. Nothing we do can bring Badal Miah back to life but the least we can do is to support the bereaved family.

IDLC Finance Limited, the largest financial institution of the country salutes the departed soul of the valiant Badal Miah and as a tribute to his heroic act, IDLC is going to appoint his son Shohag Miah (18) as a support staff at its Mymensingh Branch.

This was just a small contribution to the family under IDLC's CSR activities to ensure sustainable livelihood for the family. IDLC wishes the best for Shohag Miah's new journey.
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".
January 28, 2017
IDLC Awarded as a Winner for Best Presented Annual Report 2015 by SAFA (South Asian Federation of Accountants)
IDLC Finance Ltd. has been honored with South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards 2015 under the category of Financial Services Sectors. It also bags SAARC Anniversary Award for Corporate Governance Disclosure as the winner. In addition to the above mentioned the company has been awarded as the recipient of `Certificate of Merit` for the year 2015 in the `Integrated Reporting` category. The award ceremony was held on 27th January, 2017 at Pan Pacific Sonargaon hotel.
Arif Khan, CEO & Managing Director of IDLC, received the awards from Abul Maal Abdul Muhit , Finance Minister, Government of the People`s Republic of Bangladesh.
On this occasion, Khan underlined IDLC`s commitment towards maintaining the highest level of transparency, corporate governance, integrity and accountability; mentioning "We are humbled to have been recognized for our efforts and remain committed, as an organization, to stand out for trust and transparency. IDLC always value the paramount importance of proper corporate governance to ensure fairness, transparency and accountability. IDLC is committed to continually review all its corporate governance policies and guidelines to ensure transparency in its practices and the delivery of the highest ethical standards and quality information to its stakeholders on an ongoing basis."
January 12, 2017
IDLC Inaugurates the first ever LEED certified environment friendly branch in financial industry of Bangladesh
With a vision to encourage market transformation towards sustainable business practice, IDLC will continue their Agrabad branch`s journey from World Trade Center, Chittagong. The new premise has recently achieved the prestigious LEED (Leadership in Energy and Environmental Design) Gold Certification from USGBC (United States Green Building Council) under the category of commercial interior. The branch is the first of its kind to achieve such acknowledgement under the aforementioned category in the financial industry of Bangladesh.
Aziz Al Mahmood, Chairman, IDLC Finance Limited along with other dignitaries formally inaugurated the branch on 12th January, 2017. Arif Khan, CEO & Managing Director, IDLC Finance Limited, Board of Directors of IDLC Finance Ltd and local businessmen were also present at the event. Aziz Al Mahmood said, "Historically IDLC has been setting new milestones. Our new environment friendly office in World Trade Center Chittagong marks another achievement as the most sustainable financial brand of Bangladesh".
Arif Khan, CEO & Managing Director, IDLC Finance Limited said, "We are proud to open our branch at this vital location and believe to serve our stakeholders more efficiently. This is the result of our effort to spread our services all over the country. With this LEED certified green office, we will be more close to our customers in Chittagong to offer our diverse array of financial and non-financial services to enhance our share towards sustainability."
The IDLC Group is the largest Financial Institution in Bangladesh with more than Tk. 7,700 Crore in assets & net profit of Tk. 134 Crore till September 2016. IDLC employs 1,400 staff across its 34 branches. IDLC Finance, the Group`s parent company, maintains equal focus in the SME, Consumer and Corporate segments. IDLC Finance also has a significant presence in the Capital Markets through its wholly-owned subsidiaries, IDLC Investments Ltd, IDLC Securities Ltd and IDLC Asset Management Ltd.