IPDC Finance Limited (previously known as Industrial Promotion and Development Company of Bangladesh Limited) is a private sector financial institution of the country. This is a public limited company and listed in both Dhaka Stock Exchange and Chittagong Stock Exchange. Established in 1981, IPDC is the first private sector financial institution of the country. The company's products and services ranges from corporate finance and advisory services in corporate sector, middle market supply chain finance in SME sector to retail wealth management and retail finances in retail sector. The company is headquartered in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...

and has operations in

Chittagong Chittagong ( /ˈtʃɪt əˌɡɒŋ/ ''chit-uh-gong''; ctg, চিটাং; bn, চিটাগং), officially Chattogram ( bn, চট্টগ্রাম), is the second-largest city in Bangladesh after Dhaka and third largest city in B ...

Sylhet Sylhet ( bn, সিলেট) is a metropolitan city in northeastern Bangladesh. It is the administrative seat of the Sylhet Division. Located on the north bank of the Surma River at the eastern tip of Bengal, Sylhet has a subtropical climate an ...

, Gazipur,

Narayanganj Narayanganj ( bn, নারায়ণগঞ্জ ''Naraeongônj'') is a city in central Bangladesh. It is in the Narayanganj District, about southeast of the capital city of Dhaka, and has a population of about 2 million. It is the 6th larges ...

, Bogra,

Jessore Jessore ( bn, যশোর, jôshor, ), officially Jashore, is a city of Jessore District situated in Khulna Division. It is situated in the south-western part of Bangladesh. It is the administrative centre (headquarter) of the eponymous district ...

Mymensingh Mymensingh ( bn, ময়মনসিংহ) is the capital of Mymensingh Division, Bangladesh. Located on the bank of Brahmaputra River, about north of the national capital Dhaka, it is a major financial center and educational hub of north ...

, Uttara,

Dhanmondi Dhanmondi ( bn, ধানমন্ডি) is a residential area in Dhaka, Bangladesh, known for its central location, cultural vibrancy and being home to the country's founder, Sheikh Mujibur Rahman. The origins of Dhanmondi can be traced back to t ...

and

Motijheel Motijheel ( bn, মতিঝিল) is a ''thana'' (administrative division) of Dhaka, Bangladesh. It is at the heart of the city (the General Post Office is considered the zero point of Dhaka). Motijheel is the major business and commercial hub ...

Corporate background

IPDC Finance was established on November 28, 1981, by a distinguished group of shareholders namely International Finance Corporation (IFC), USA, German Investment and Development Company (DEG), Germany, The Aga Khan Fund for Economic Development (AKFED), Switzerland, Commonwealth Development Corporation (CDC), UK and the Government of Bangladesh. It's a public limited company incorporated in Bangladesh under the Companies Act 1913 (now the Companies Act 1994), listed with the Dhaka and Chittagong Stock Exchange Limited since December 3, 2006. Licensed as Financial Institution under the Financial Institutions Act 1993 on February 7, 1995. IPDC was first conceived as a result of an IBRD/IFC Industrial Sector mission to Bangladesh in 1978. Subsequently, a detailed feasibility study and strategic policy dialogue among the Government, IFC and other international partners resulted in the establishment of IPDC as an alternative development finance institution in the private sector. The Company in 1981 became the first private sector Development Finance Institution (DFI) in Bangladesh.

Management

Chief Executive Office

At the beginning of 2018, IPDC Finance has reappointed Mominul Islam as its managing director and CEO for the third term. Islam joined IPDC as head of operations in 2006. After working in different positions of the company, he took charge as managing director and CEO in 2011. He had also worked in American Express Bank and Standard Chartered Bank for more than seven years in different roles.

Board of directors

Kazi Mahmood Sattar is the chairman of the board of IPDC Finance Limited. Along with him, Mohammad Manzarul Mannan, Mir Khairul Alam, Sonia Bashir Kabir, Shah Md. Ahsan Habib, Sameer Ahmad, Tushar Bhowmik, Ariful Islam, Nahreen Rahman, and Mominul Islam are the members of the board of directors of IPDC Finance.

References

External links

* {{Agha Khan Fund for Economic Development Financial services companies established in 1981 Companies listed on the Dhaka Stock Exchange Financial services companies of Bangladesh