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13	13	LankaBangla is the only financial institution (NBFI) in Bangladesh to operate credit card (MasterCard and VISA). The product portfolio along with their commencement date is given in the following table{{footnote}}https://www.lankabangla.com/milestone/#milestone{{/footnote}} -
14	14
	15	+|**Product/Service name**|**Commencement date**
	16	+|Lease agreement|March 30, 1998
	17	+|Credit card|August 16, 1998
	18	+|Mastercard|September 5, 2005
	19	+|Domestic finance|December 11, 2007
	20	+|Mortgage loan|February 18, 2008
	21	+|VISA card|November 24, 2009
	22	+|Contactless Mastercard|September 3, 2019
	23	+|Contactless VISA card|September 17, 2019
15	15
	25	+Following are the list of branches of the company along with their opening date –
16	16
	27	+(% style="height:1025px; width:807px" %)
	28	+|**Branch Name**|**Launching date**
	29	+|Chattogram Branch|February 10, 2007
	30	+|Sylhet Branch|April 27, 2009
	31	+|Khatunganj Branch, Chattogram|March 8, 2012
	32	+|Narsingdi Branch|January 28, 2013
	33	+|Cumilla Branch|February 3, 2013
	34	+|Jashore Branch|February 13, 2013
	35	+|Banani Principal Branch|November 12, 2013
	36	+|Dhanmondi Branch|December 11, 2013
	37	+|Uttara Branch|March 3, 2014
	38	+|CDA Branch, Chattogram|May 25, 2014
	39	+|Motijheel Branch|December 23, 2014
	40	+|Mirpur Branch|January 29, 2015
	41	+|Bogura Branch|May 24, 2015
	42	+|Barishal Branch|June 24, 2015
	43	+|Mymensingh Branch|March 9, 2016
	44	+|Khulna Branch|March 14, 2016
	45	+|Rajshahi Branch|March 21, 2016
	46	+|Narayanganj Branch|July 31, 2016
	47	+|Chowmuhani Branch|July 31, 2016
	48	+|Keraniganj Branch|March 31, 2017
	49	+|Board Bazar, Gazipur Branch|April 27, 2017
	50	+|Dinajpur Branch|May 4, 2017
	51	+|Faridpur Branch|May 18, 2017
	52	+|Savar Branch|May 25, 2017
	53	+|Gulshan Branch|March 29, 2018
	54	+|Habiganj Branch|December 26, 2018
	55	+|Kushtia Branch|January 10, 2019
17	17
	57	+The company issued zero coupon bond first on December 15, 2014 and second on December 26, 2017. On December 31, 2020, outstanding balance of zero-coupon bond of the company is BDT 105 billion, which was BDT 389 billion a year earlier. The company paid off BDT 284 billion of zero-coupon bond. First subordinate bond of the company is issued on December 23, 2018. As of December 31, 2020, the company’s outstanding balance of subordinate bond is BDT 2,201 billion, which was BDT 1,533 billion a year earlier.{{footnote}}Annual Report, 2020, p.134{{/footnote}}
18	18
	59	+As on December 31, 2019, total paid-up shares of the company were 513,179,641, BDT 10 each, thus paid-up capital of BDT 5,131,796,410. The shares of the company are owned by foreign institutions, local institutions, individuals, and general public. Sampath Bank PLC of Sri Lanka owns 9.47% of the company, ONE Bank Limited of Bangladesh owns 3.78% of the company, Directors of the company holds another 20.31% of the company. Thus, sponsors and/or directors hold 33.56% of the total share of the company.
	60	+
	61	+[[image:Shareholding structure of lankabangla finance .png||alt="Shareholding structure of lankabangla finance limited" height="332" width="606"]]
	62	+
	63	+LankaBangla Finance has a total of 37 branches in 18 cities across the country. It has total 1,449 employees. The NBFI has a digital call centre through which it claims to have received 400,000+ calls and served 45,000+ customers. The company has deposited BDT 900.85 million in the Government exchequer as Tax, VAT, and excise duty.
	64	+
	65	+= Business overview =
	66	+
	67	+The portfolio of services of LankaBangla involves the services of all its five subsidiaries and of the parent company. Over the span of its business, the company has developed service areas which cover almost every corner of the financial services arena.
	68	+
	69	+== Products of LankaBangla Finance: Corporate financial services division ==
	70	+
	71	+LankaBangla Finance provides 360-degree financial service coverage to its clients. The product and service units of LankaBangla are as follows –
	72	+
	73	+* Large corporate
	74	+* Emerging corporate
	75	+* Supply chain finance
	76	+* Project, structured & sustainable finance
	77	+* Corporate liability
	78	+
	79	+=== Large corporate ===
	80	+
	81	+This service division provides loans to the large corporate houses in order for them to realize their vision and strategic goals. The division has expanded its footprints in the industries like Food Production and Processing, Light Engineering, Steel & Engineering, Plastic, Cables, Real Estate, Cement, RMG, Footwear and so on. The products offered by the large corporate unit are listed below –
	82	+
	83	+* Lease finance
	84	+* Term finance
	85	+* Short-term finance
	86	+* Revolving finance
	87	+* Loan against TDR
	88	+* Work order finance
	89	+* Club finance
	90	+* Bridge finance
	91	+
	92	+=== Emerging corporate ===
	93	+
	94	+Emerging corporate unit of the company has started operation in 2019 and is working to provide services to meet the needs of emerging corporate clients. The business unit serves the clients including emerging manufacturing industries, MNCs, EPZ and EZ customer, supply chain concerns, and project developers. The service portfolio under this segment is same as that of the large corporate unit.
	95	+
	96	+=== Project, structured & sustainable finance ===
	97	+
	98	+Major products offered under this unit of business of LankaBangla Finance is listed below –
	99	+
	100	+* Project finance
	101	+* Alternative modes of capital raising (i. e. bond, preference shares etc.)
	102	+* Offshore/DFI/low-cost structured solutions
	103	+* Green/sustainable finance
	104	+* Islamic Shariah Compliant financing solutions
	105	+* Corporate Advisory Services
	106	+
	107	+=== Supply chain finance ===
	108	+
	109	+This division strives to provide working capital to the businesses. Short-term working capital finance helps the businesses keep their cash management efficient. The products offered by this unit include working capital solutions against receivables, confirmed payables, credit advisory, lifting orders, collections and so on. Below are the services offered by this unit –
	110	+
	111	+* Factoring finance
	112	+* Distributor finance
	113	+* Reverse factoring
	114	+
	115	+=== Corporate liability ===
	116	+
	117	+This unit is basically concerned with collecting corporate deposits. This constructs liability side of the balance sheet. Following are the products offered by this unit –
	118	+
	119	+* Actual days deposit
	120	+* Corporate classic TDR
	121	+* Shahoj Sanchay
	122	+* Periodic return
	123	+* Earn first
	124	+* Double money deposit
	125	+* Triple money deposit
	126	+* Money builder
	127	+
	128	+== Products of LankaBangla Finance: Retail financial services division ==
	129	+
	130	+This division provides financing services to the individuals. There are three difference sectors namely loan unit, card centre, and deposit. The division delivers services through 6 (six) units namely –
	131	+
	132	+* Auto loan
	133	+* Home and mortgage loan
	134	+* Personal loan
	135	+* Credit card
	136	+* Retail liability
	137	+* Alternative business delivery channel
	138	+
	139	+=== Auto loan ===
	140	+
	141	+The auto loan unit specializes in car financing for individuals and institutions. It deals all sales, marketing, business promotional activities, and relationship management with individuals, corporate customers and auto dealers.
	142	+
	143	+=== Home & mortgage loan ===
	144	+
	145	+Under different terms and conditions, LankaBangla home & mortgage unit provides housing solution to the customers. The activities include sales, marketing, business promotions, and relationship management with the real estate sector.
	146	+
	147	+=== Personal loan ===
	148	+
	149	+The company has different products under the category of personal loan. It offers personal loan for salaried person (Bandhan), Doctor’s loan, Teacher’s Loan (Beacon), Govt. Employee Loan (Hope), personal loan for businessman loan (Bonik), and short-term loan against lien of deposits (SOD).
	150	+
	151	+=== Credit card ===
	152	+
	153	+LankaBangla is the only financial institution to offer cards through its own CMS. Following are the name of the cards offered by the company –
	154	+
	155	+* Master Titanium
	156	+* Master Gold
	157	+* Master Classic
	158	+* VISA Platinum
	159	+* VISA Gold
	160	+* VISA Classic
	161	+
	162	+=== Retail Liability ===
	163	+
	164	+This unit of the company focuses on retail deposits. Since the financial institutions cannot accept deposits like banks, they need to collect deposits through other means such as from the autonomous, government or private bodies. Below are some retail liability products listed by the company –
	165	+
	166	+* Classic TDR
	167	+* Shohoj Sanchoy
	168	+* Earn First
	169	+* Periodic Return Term Deposit
	170	+* Money Builder
	171	+* Flexi Deposit
	172	+* Double Money
	173	+* Triple Money
	174	+* Quick Sanchoy
	175	+* Protiva Deposit
	176	+* Swasti Deposit
	177	+
	178	+Apart from abovementioned divisions and products, LankaBangla Finance also has SME financial services division for handling CMSME (Cottage, Micro, Small, and Medium enterprise) operations. The treasure & FI division handles the money market operation, maintenance of CRR & SLR, dealings with government fixed income securities, and all other regular treasury and finance operations.
	179	+
	180	+== Services of LankaBangla Securities ==
	181	+
	182	+LankaBangla Securities Limited (LBSL) is a subsidiary of LankaBangla Finance Limited. Through this subsidiary, the company runs its capital market operations. Following are some specialized services of this subsidiary.
	183	+
	184	+LankaBangla Securities Limited provides brokerage services in both Dhaka and Chittagong Stock Exchange. The company provides “Trade Execution Service” for the customers. Also, this brokerage service segment includes trading in portfolio accounts maintained with LankaBangla Investments Limited and IDLC Investments Ltd, margin trading services through credit facility.
	185	+
	186	+A NITA (Non-Resident Investor’s Taka Account) account in Bangladesh is an account opened for channelling foreign currency to buy and sell shares and repatriate sale proceeds. LankaBangla Securities provides NITA trading services to the non-resident Bangladeshis.
	187	+
	188	+LankaBangla Securities also provides CDBL services to the clients; alongside their BO Account Opening and Maintenance services, the company provides Dematerialization and Rematerialization services.
	189	+
	190	+Research services is another strong service-wing of LankaBangla Securities. It helps the clients take knowledge-based investment decisions. This research division of the company provides research reports and insights on company, industry, country and corporate valuation. The company has a dedicated wing for research which it calls Capital Market Research Department. This department issues a magazine named “Market Pulse” which is kind of popular to the readers.
	191	+
	192	+Internet-based services of LankaBangla Securities has provided the customers with the option to trade remotely and trade on their discretion. The company has been running Order Management System (OMS) with the Chittagong Stock Exchange through API to provide Direct Market Access (DMA) to the dealers as well as investors. This is the first time in Bangladesh to provide DMA through Broker House instead of exchange provided application. It offers multichannel e-trading to its customers (web, mobile, client server) and advantages of Multi Asset Class (Equity, Derivatives, Bond, Commodity, etc) trading option, smart order routing, multiple exchanges and Cross Border supported application, MIS & centralized risk management. It has ability to create interfaces to other systems such as accounting systems, banking solutions and depository systems; and real time access charting with strategies, indicators and patterns.
	193	+
	194	+To facilitate real-time strategies and trade execution, LankaBangla has developed multiple platforms including LankaBangla Financial Portal. This portal contains all the information regarding share prices and macroeconomic information.
	195	+
	196	+
	197	+
	198	+
	199	+
	200	+
19	19	{{putFootnotes/}}