Industry | Financial services |
---|---|
Founded | 1995 |
Headquarters | , |
Key people | Abu Sadek Md. Sohel (Chairman), Md. Fazlur Rahman (Managing director) [1] [2] [3] |
Website | www |
Premier Leasing and Finance Limited , also known as PLFL, is a major non-bank financial institution in Bangladesh that provides leasing finance. [4]
Premier Leasing and Finance Limited was established on 26 September 2001 as Premier Leasing International Limited. [5]
Bangladesh Securities and Exchange Commission approved initial public offering by Premier Leasing and Finance Limited in 2005. [6] At the same time, it approved the IPO's of Progressive Life Insurance Company Limited, Sonar Bangla Insurance Company Limited, and Islamic Finance and Investment Limited. [6]
In 2007, Premier Leasing International Limited was renamed to Premier Leasing and Finance Limited. [5]
Mizanur Rahman Shelley was reelected chairman of Premier Leasing and Finance Limited in 2009. [7] SM Shamsul Alam was appointed managing director of Premier Leasing and Finance Limited in 2010. [8]
In June 2012, AZM Akramul Haq was re-elected chairman of Premier Leasing and Finance Limited. [9]
SM Shamsul Alam was re-appointed managing director of Premier Leasing and Finance Limited in 2013. [8] SM Shafiqul Islam Mamun was reelected chairman of Premier Leasing and Finance Limited in 2015. [10] Abdul Hamid Mia was appointed the managing director of Premier Leasing and Finance Limited in 2016. [11]
In 2019, almost 30 percent or 450 million taka of all loans of Premier Leasing and Finance Limited had defaulted. [12] AZM Akramul Haq was elected chairman of Premier Leasing and Finance Limited in 2019. [13] It's creditors, Bangladesh Commerce Bank Limited and Janata Bank Limited, were having difficulty recovering their money from it. [14]
On 4 December 2020, Bangladesh Bank appointed AKM Mohiuddin Azad administrator of Premier Leasing and Finance Limited following an order of Bangladesh High Court. [15] Bangladesh Bank refused to accept the resignation letter of Abdul Hamid Mia, the managing director of Premier Leasing and Finance Limited, in March 2021. [16] During his tenure at the institution its financials declined significantly. [16] The loans were defaulted with the help of Md. Shah Alam who was a senior official of Bangladesh Bank and an aid of swindler PK Halder. [17] The total defaulted loan of Premier Leasing and Finance Limited stood at 7.66 billion taka. [18] It has also failed to recover 1.94 billion taka deposit from BASIC Bank Limited. [18]
Subash Chandra Moulick, managing director of Premier Leasing and Finance Limited, said it was finding it difficult to pay back large amounts to banks in February 2022. [19] In April 2022, Md. Fazlur Rahman was appointed the managing director of Premier Leasing and Finance Limited. [20] In August 2022, ASM Feroz Alam, vice-chairman of Mercantile Bank Limited, was elected chairman of Premier Leasing Securities, subsidiary of Premier Leasing and Finance Limited. [21]
Rupali Bank is a state owned commercial bank in Bangladesh. Its headquarters is in 34 Dilkusha, Dhaka. Kazi Sanaul Haque is the chairman of the bank. Mohammad Jahangir is the managing director of the bank.
Janata Bank Ltd. is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh. In 2019, Janata Bank had a fiscal deficit of 82.56 billion taka, the highest of any bank in Bangladesh ever. It's the worst performing public bank in Bangladesh.
The National Bank Limited is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank.
Bangladesh Development Bank is a state-owned specialised commercial bank in Bangladesh. The bank has one of the highest loan default rates in Bangladesh. Shamima Nargis is the chairperson of the bank. Kazi Alamgir is the chief executive officer and managing director of the bank.
Southeast Bank Limited is a private commercial bank in Bangladesh. Alamgir Kabir is chairman of the bank and M Kamal Hossain is the managing director of the bank.
S.Alam Group is a Bangladeshi industrial conglomerate. S. Alam Group also has investment in banking, leasing, insurance, stock brokering, and merchant banking. The industries under this group include food and allied products, steel, banking, consumer products, sugar, cement, power, energy, transportation, shipping, manufacturing, hospitality, financial institution, agro, trading, oil, and gas.
Bangladesh Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry. Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.
Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.
Modhumoti Bank Limited is a private limited commercial bank in Bangladesh. The bank was established in 2013. Md Shafiul Azam is the Chief Executive Officer of the Bank. Humayun Kabir is the chairperson and Sheikh Salahuddin Jewel is the Vice Chairman of the Bank. Sheikh Fazle Noor Taposh is a director of the Bank.
NRB Commercial Bank Limited is a third-generation private bank in Bangladesh owned by non-resident Bangladeshis. SM Parvez Tamal is the chairperson of the bank. The Bank is listed on the Dhaka Stock Exchange. Golam Awalia is the CEO and Managing Director of the Bank.
International Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh. Md. Nazrul Islam Khan is the chairman and Md. Mashiur Rahman is the managing director of International Leasing and Financial Services Limited. Proshanta Kumar Halder, a banker and known as "Sultan of swindle", had according to media reports embezzled 30 billion taka from the institute and according to Bangladesh Bank 15.69 billion taka. The fraud was aided Amitav Adhikary, a cousin of Proshanta Kumar Halder and senior management at International Leasing and Financial Services Limited.
People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services.
FAS Finance and Investment Limited is a major non-bank financial institution in Bangladesh providing lease financing and investment services.
Aviva Finance Limited is a sharia complaint major non-bank financial institution in Bangladesh. It was formerly called Reliance Finance Limited. Mohammed Saiful Alam is the chairman of Aviva Finance Limited and also S. Alam Group. The former managing director of Reliance Finance Limited, Proshanta Kumar Halder, embezzled from Reliance and other financial institutions in Bangladesh through fraudulent loans. According to the Anti-Corruption Commission Proshanta Kumar Halder had stolen 102 billion taka. The Daily Star gave Proshanta Kumar Halder the name sultan of swindle.
Bangladesh Industrial Finance Company Limited is a major non-bank financial institution in Bangladesh.
Fareast Finance and Investment (FFIL) is a major non-bank financial institution in Bangladesh providing leasing and loans. It is listed on the Dhaka Stock Exchange.
First Finance Limited is a major non-bank financial institution in Bangladesh. Khan Mohammad Moinul Hasan is the chairman of the First Finance Limited.
Bengal Commercial Bank Limited is a fifth generation private commercial bank in Bangladesh. Md. Jashim Uddin, Vice Chairman of Bengal Group of Industries, is chairman of Bengal Commercial Bank Limited. Ghulam Mohammed Alomgir, the chairman of Max Group, is the vice chairman of Bengal Commercial Bank Limited.
GSP Finance Company (Bangladesh) Limited is a major non-bank financial institution in Bangladesh. Feroz U. Haider is the chairman, Saber Hossain Chowdhury, and A. T. M. Shamsul Huda are the vice chairmen.
Uttara Finance and Investments Limited, also known as UFIL, is a major non-bank financial institution in Bangladesh. Major General (retired) Mohammad Maksudur Rahman is the chairman of Uttara Finance and Investments Limited. It is owned by the owners of Uttara Group of Companies.