BD Finance’s business grows despite corona

When other financial institutions (FIs) have been moving cautiously since the eruption of the corona pandemic, the country’s leading financial institution ‘BD Finance’ has expanded its horizon.

BD Finance has shown tremendous success over the last six months in its efforts to reduce bank exposure and non-performing loan (NPL), get more big clients and new depositors, and spur lending growth and credit rating.

Md. Kyser Hamid, managing director and CEO of BD Finance, shared his insights about the company’s present situation, growth, and future plans in an exclusive interview with the Daily Sun.

“We are passing a difficult time indeed, but I must say we are moving forward to a different way. While others are moving cautiously, we have collected huge deposits, improved liquidity collection, and onboarded big customers despite the challenging time,” said Kyser Hamid.

 Referring to the steps taken by the BD Finance management in recent times, he said they have reduced around Tk 150 crore bank exposures during the last five months.

 BD Finance has been able to raise around Tk 70-80 crore deposit every month from the general customers, especially small retailers, he said adding that such growth has helped bring this financial institution into a lending position.

To read the full content on Daily Sun, click here.