 | |
| Formation | 1997 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Official language | Bengali |
| Website | www |
LankaBangla Finance PLC. is a licensed non-banking financial company in Bangladesh. [1] Mohammad A. Moyeen is the chairman of LankaBangla Finance Limited. [2] Humaira Azam is the CEO and managing director of LankaBangla Finance PLC. [3]
LankaBangla Finance Limited was established in 1997 as a non-banking financial institution by Vanik Incorporation Limited of Sri Lanka and some Bangladeshi investors. [4] [5] It was originally named Vanik Bangladesh Limited but was renamed to LankaBangla Finance Limited in 2003. [5] Sampath Bank and One Bank Limited purchased shares in 2003. [5]
In 2005, LankaBangla Finance Limited launched LankaBangla Finance MasterCard replacing the old Vanik Card which was launched in 1998. [6] In May 2007, it provided a 10 per cent cash dividend. [7]
In 2010, the company was planning to go public with LankaBangla Securities Limited. [8] Mohammed Nasir Uddin Chowdhury was appointed managing director of LankaBangla Finance Limited on 4 December 2011. [9]
On 1 June 2017, Khwaja Shahriar was appointed managing director of LankaBangla Finance Limited. [10]
LankaBangla Finance Limited increased their profit by 14.35 per cent in 2019 despite the liquidity crises in the financial market of Bangladesh. [10] It received US$20 million from the Islamic Corporation for the Development of the Private Sector. [11] In June 2020, it declared a 12 per cent dividend. [12]
In 2022, LankaBangla Finance Limited signed memorandum of understanding with Rangs Limited. [13] It signed an agreement with Nagad in June. [14] LankaBangla Securities was the top stock broker for 16 years at Dhaka Stock Exchange and 15 years at the Chittagong Stock Exchange consecutively. [15] LankaBangla Securities Limited thanked chairman of Bangladesh Securities and Exchange Commission Shibli Rubayat-Ul-Islam for approving TradeXpress of LankaBangla, a broker hosted OMS. [16] It had 4.35 billion BDT in classified loans in 2022. [17] Government Pension Fund of Norway invested US$1.76 million in LankaBangla Finance. [18]
In 2023, LankaBangla Finance Limited signed an agreement with Trust Axiata Pay (TAP). [19]
| Name | Position | Nationality | Reference |
|---|---|---|---|
| Mohammad A. Moyeen | Chairman | Bangladeshi | [23] |
| I. W. Senanayake | Director | Sri Lankan | [23] |
| Nanda Fernando | Director | Sri Lankan | [23] |
| Mahbubul Anam | Director | Bangladeshi | [23] |
| Tahsinul Huque | Director | British | [23] |
| Aneesha Mahial Kundanmal | Director | Bangladeshi | [23] |
| Zaitun Sayef | Independent Director | Bangladeshi | [23] |
| M. Fakhrul Alam | Independent Director | Bangladeshi | [23] |
| Humaira Azam | CEO and Managing Director | Bangladeshi | [23] |
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