NEWS AND INSIGHTS

Mominul Islam has been re-appointed as the Managing Director and CEO of IPDC Finance Limited, for the fourth time. Mr. Islam has been leading the company as Managing Director & CEO of IPDC Finance Limited since January 2012. After joining IPDC in 2006, Mr. Islam worked as Deputy Managing Director of the Company from July 2008 to December 2011 and previously Mr. Islam also worked in American Express Bank (AEB) and Standard Chartered Bank (SCB) with an enriching career in different areas of the banks in Bangladesh, Singapore, Hong Kong, India and UK. Mr. Islam has also been serving the role of Chairman of Bangladesh Leasing and Finance Companies Association (BLFCA) since February 2020.

Under his leadership IPDC rolled out a 5-year strategy plan in 2016 and achieved phenomenal success, with eight times asset growth and nine times liability growth, keeping the NPL below 2%, the lowest among the listed NBFIs. IPDC is regarded as one of the best and model NBFIs by stakeholders from both home and abroad. As a testimony, IPDC holds the highest possible rating of AAA credit rating, won the Best Financial Institution award by the prestigious Bangladesh Business Awards and is the only Superbrand FI of the country.

Mr. Islam has successfully driven a technology led business model for IPDC through his innovative projects, catered to women, youth and underserved segments of the market. IPDC received the ADFIAP (the Association of Development Financing Institution in Asia and the Pacific) award in 2020 for their “Supply Chain Finance” project as IPDC in association with IBM built South-East Asia’s first ever Blockchain based digital supply chain finance platform.

Mr. Islam has done his bachelor’s in Business Administration from Institute of Business Administration, University of Dhaka and Masters in Economics with Vice Chancellor Gold Medal from North South iversity; and holds black belt in Six Sigma. Mr. Islam was also awarded 'Outstanding CEO Award' by ADFIAP.

Mominul Islam, Managing Director and CEO of IPDC Finance, stated, “I am ecstatic about continuing my journey with IPDC and feel even more humbled and responsible now that IPDC is performing at its peak till date. On top of that, we are in the middle of an ongoing pandemic. So obligations to stand beside our client, community and employees at this difficulty time will our key focus. I am grateful to the Board of IPDC as well as to Bangladesh Bank for their trust, guidance and support.”