LankaBangla Finance Limited
Company Overview
LankaBangla Finance Limited has started its journey in mid-1990s as a non-bank financial institution in Bangladesh. The company got registered with Bangladesh Bank in 1997 under Financial Institution Act-1993. The journey of the company began on November 5, 1996 as a joint-venture company. Currently, it is the leading non-bank financial institution (NBFI) in the country. It is listed in both Dhaka Stock Exchange and Chattogram Stock Exchange, two bourses of the country. LankaBangla Finance Limited (LBFL) has two subsidiaries – first of them LankaBangla Securities Limited (LBSL) got registered on July 3, 1997, and the second one LankaBangla Asset Management Company Limited (LBAMCL) got registered on July 16, 2007.1 However, there is another subsidiary of the company, commencement of which is not counted as a milestone in the company website, namely LankaBangla Investments Limited (LBIL) – a premier investment bank in Bangladesh providing corporate advisory, portfolio management services, and issue management. LankaBangla Securities Limited provides top-notch brokerage services, top-rated research information, cutting edge trading, and customer services. The other subsidiary provides asset management services to its customers. Apart from these operations, the first subsidiary of LankaBangla Finance Limited has two subsidiaries – LankaBangla Information Systems Limited (LBiSL) and BizBangla Media Limited (BizBangla).
Vision of the company is to be the most preferred financial service provider in creating, nurturing and maximizing value to the stakeholders, thereby, growing together. Mission of the company is to be a growth partner for the customers ensuring superior financing experience, to maintain a culture of meritocracy in the core of the company, to be sustainable and to ensure quality returns for the valued shareholders, and to place efforts to develop community.
The integrated service portfolio of the company includes retail financial services, corporate financial services, liability management, SME financial services, stockbroking, wealth management services, and corporate advisory. LankaBangla Finance received National Award for Best Published Accounts and Reports awarded by Institute of Chartered Accountants of Bangladesh (ICAB) for several consecutive years. It also received ‘Best Presented Annual Report’ award from South Asian Federation of Accountants (SAFA) for four consecutive years (2014-2017).
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 table2 -
