One of the renowned names in Bangladesh financial market is Industrial Development & Leasing Company (IDLC) of Bangladesh Limited. It started its operation in the year 1985 as the pioneer leasing company to facilitate lease-financing and capital investment in industrial sector with the view of “Become the best performing and most innovative financial solutions provider in the country”. Over the years the company has evolved itself as a multi-product non-banking financial institution providing wide range of products and services. In 1995, IDLC was licensed as a Financial Institution by the country's central bank and during the last two decades, the company has grown in pace with the country's growing economy.
History of IDLC
On May 23rd 1985, the IDLC of Bangladesh Limited was incorporated as a joint venture public limited company with the multinational collaboration of five foreign and three domestic financial institutions. The company maneuvered its strategic focus to service diversification in 1994 by launching its deposits schemes.
In 1997, IDLC introduced Real Estate Financing and Short term Financing. During the period of 1998 and 1999, the company broadened its activities into the areas of corporate financing, underwriting, issue management, syndication and other investment banking related services and evolved as a truly multi product financial institution.
Major Ideologies & guiding principles of IDLC
IDLC is a multi-product financial institution offering an array of diverse financial services and solutions to institutional and individual clients to meet their diverse and unique requirements. Following are the Major Ideologies & guiding principles that shape the organizational practice of IDLC. Customer first: IDLC has grown with its customers, who are believed to be the center of all actions. As the crux of IDLC’s corporate philosophy, customer service gets the highest priority.
Innovation: IDLC has continuously introduced new financial products for meeting the needs of the entrepreneurs in a complex & challenging business environment. The concept of innovation is in-built into the working culture.
Professional Knowledge: IDLC is staffed with qualified professionals and innovative minds in the country. Years of operational experience, large industrial database and competent workforce have gives them unparalleled advantages.
Professional ethics: The professional at IDLC maintain the highest degree of financial and business ethics in all transactions with the clients. Over the last two decades, IDLC have put in bets efforts to meet the expectations of the clients and investors.
One stop solution: Work at IDLC begins with the idea generation, and then goes on into the feasibility study followed by arrangement of financing to implement the project. IDLC advises the clients, finance them and even arrange financing for them via different financing modes, namely: lease financing, term loan, bridge loan, syndication, bridge loan, syndication, ordinary shares, preferred shares and debentures.
Mission, Vision, Goal, Philosophy & Objective
For the Company: Relentless pursuit of customer satisfaction through delivery of top quality services.
For the Shareholders: Maximize shareholders’ wealth through a sustained return on the investment.
For the employees: Provide job satisfaction by making IDLC a center of excellence with opportunity of career development.
For the society: Contribute to the well-being of the society, in general, by acting as a responsible corporate citizen.
IDLC Limited provides a wide array of products and services for retail, SME & corporate clients. Their product offerings include Lease Finance, Term Finance, Real Estate Finance, Car Loan, Short Term Finance, Structured & Corporate Finance, Merchant Banking, Term Deposit Schemes, Debentures and Corporate Advisory Services. During the past twenty years of its operation,...