NEWS AND INSIGHTS
Outsiders often have an insight that an insider doesn't quite have. It’s as basic as this, If you need to be altogether educated about all that is making news and all that is not in the nation, read up!
IPDC Conducts Investors Meet
An enlightening session on IPDC’s performance so far
IPDC Finance, the first private sector financial institution of Bangladesh established in 1981 has participated in an important discussion session with investors regarding their performance, benchmarks, strategies, key initiatives so far and the challenges that lay ahead. The IPDC 'Investor's Meet' was held on Sunday, October 27, at The Westin, Dhaka.
This year’s investors meet highlighted the prestigious rating earned recently - long-term AAA rating and short-term ST-1 rating from Emerging Credit Limited. The assigned rating represents the strength of the Company, which is backed by experienced Board of Directors, good asset quality with low non-performing loan (NPL), good capital base with high tier-1 capital and CAR, well-organized management team, specialization and competence in industrial investment.
IPDC's current and potential investors were thrilled to hear about future strategic initiatives and overall development of the organization. Since its inception, IPDC has been implementing their plans spread across the country with diversified services to promote the next step of growth and is also planning new strategies for the coming years. These strategies include 'a home for every family', 'empowering women', 'creating entrepreneurs', beyond megacities' and 'bringing convenience at homes’.
Mominul Islam, Managing Director and CEO; Rizwan Dawood Shams, DMD and Head of Business Finance; and Md. Kyser Hamid, Deputy Managing Director & Head of Retail Business were present on behalf of IPDC.
Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “The opportunities of IPDC are linked to the socio-economic challenges and potential of Bangladesh over the next ten years. In recognition of our work, we have recently achieved the highest credit rating AAA, a highly regarded achievement for a financial institution. Our respected investors are behind this success of IPDC and together with them we want to continue to make significant contributions to Bangladesh's economy. ”