BD Finance to launch innovative products

Bangladesh Finance and Investment Company Ltd or BD Finance is planning to introduce innovative and customised lending and deposit options to pull together NBFI-designed funding and lending base, top executive of the non-bank financial institution said.

To materialise the plan, the NBFI is planning to bring worth Tk 2.0 billion subordinate or zero coupon bond in the market for three to five years, he said.

BD Finance also wants to launch some innovative small and medium-sized enterprise products to strengthen its deposit base, Md Kyser Hamid, chief executive officer of bdfinance told The Financial Express.

 

He said the company will launch the bond within the next six months.

Mr Hamid, who joined BD Finance recently as CEO, said he has detailed plan to make the NBFI as one of the top three.

In an interview with FE, he said the banks and NBFIs in the country put on the market one size fits for all products, specially for SMEs.

“But we plan to launch some innovative SME products which are customised and will be designed as per customer’s cash cycle, flow and needs,” he said.

He said they have plan to introduce some green products, focusing on energy efficient home and construction loans.

The Daily Star, click here.

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