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December 4, 2008
IDLC bags ICAB national awards 2007
IDLC bags ICAB national awards 2007 for best published accounts and reports.

IDLC Finance Limited, a joint-venture multiproduct financial institution, received the eighth ICAB National Award for best published Annual Accounts and Reports for the year 2007. The award is given annually by the Institute of Chartered Accountants of Bangladesh (ICAB).

IDLC got the 2nd prize for 2007 for its best published accounts and reports in the financial sector (non-banking). The company has been bagging the prestigious ICAB National Award for the last six consecutive years. Anis A. Khan, CEO & Managing Director of IDLC received the award from the Chief Guest Dr. A B Mirza Md. Azizul Islam, honourable Adviser, Ministry of Finance and Planning, Government of the People's Republic of Bangladesh, at a function organized by the ICAB in the city recently.
November 25, 2008
IDLC achieves SAFA Best Presented Accounts Award 2007
IDLC Finance Limited, a joint-venture multiproduct financial institution, received the Bronze Medal under Best Presented Accounts Award 2007 presented by the South Asian Federation of Accountants (SAFA), an apex body of SAARC, in the category "Non-Banking Financial Sector". The awards were distributed at a ceremony held recently in Hyderabad, India.

The awards, under different categories, are conferred based on evaluation administered by the SAFA Committee on Improvement, Transparency, Accountability and Governance of the published annual reports of entities from South Asian Countries.

IDLC has been receiving this prestigious award for the last three consecutive years. The financial institution has also been bagging the National Award for the best-published annual accounts and reports from the Institute of Chartered Accountants of Bangladesh (ICAB) for the last few years.

IDLC's General Manager and Chief Financial Officer, H. M. Ziaul Hoque Khan received the award at a function organized by SAFA in Hyderabad, India.
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.
January 12, 2008
IDLC bags SAFA Best Presented Accounts Award 2006
IDLC Finance Limited, a joint-venture multi-product financial institution, received Merit Certificate under Best Presented Accounts Award 2006 presented by the South Asian Federation of Accountants (SAFA), an apex body of SAARC, in the category "Non-Banking Financial Sector". The awards were distributed at a ceremony held in New Delhi, India.

The Awards under different categories are conferred based on evaluation, administered by SAFA's Centre on Excellence on Best Presented Accounts Award of the published annual reports of entities from South Asian Countries.

IDLC has been bagging the prestigious National Award for the best-published annual accounts and reports from the Institute of Chartered Accountants of Bangladesh (ICAB) for the last five consecutive years. IDLC also received first ICMAB National Best Corporate Award 2007. IDLC's General Manager, Arif Khan received the award from Ajith Nivard Cabraal, Governor, Central Bank of Srilanka at a function organized by SAFA at New Delhi, India, recently. President, South Asian Federation of Accountants (SAFA) was present, among others, at the occasion.
December 15, 2007
IDLC bags first ICMAB National Best Corporate Award 2007
IDLC Finance Limited, a joint-venture multiproduct financial institution, received the first ICMAB National Best Corporate Award 2007 given by the Institute of Cost and Management Accountants of Bangladesh (ICMAB).

IDLC got the 2nd prize in the financial institution category of the Best National Corporate Award 2007. The assessment criteria for the award include corporate governance practices, capital adequacy, liquidity, asset quality and profitability. Anis A. Khan CEO & Managing Director of IDLC received the award from Dr. A B Mirza Azizul Islam, Adviser, Ministry of Finance, Planning, Commerce and Posts & Telecommunication, Government of the People's Republic of Bangladesh at a function organized by the ICMAB in the city recently.
December 8, 2007
IDLC achieves seventh ICAB National Award 2006
IDLC Finance Limited, a joint-venture multiproduct financial institution, received the seventh ICAB National Award for best published Annual Accounts and Reports for the year 2006. The award is given annually by the Institute of Chartered Accountants of Bangladesh (ICAB).

IDLC got the 2nd prize for 2006 for its best published accounts and reports in the financial sector (non-banking). The company has been bagging the prestigious ICAB National Award for the last five consecutive years. Yongbok Jo Deputy Managing Director of IDLC received the award from Faruq Ahmad Siddiqi, Chairman, Securities & Exchange Commission, at a function organized by the ICAB in the city recently. Dr. A B Mirza Azizul Islam, honourable Adviser, Ministry of Finance, Planning, Commerce and Posts & Telecommunication, Government of the People's Republic of Bangladesh was present at the function as the Chief Guest.