A company official said it achieved this growth riding on a vibrant capital market
Non-banking financial institution Bangladesh Finance and Investment Company Limited’s (BD Finance) net profit increased by 629% in the first three quarters of this year.
However, its share price fell by 9.44% at the Dhaka Stock Exchange (DSE) on Sunday. The closing price of each share was Tk25.90.
A company official said it achieved this growth in profit riding on a vibrant capital market.
The company did not have to take provisions on unclassified investments as per the central bank’s direction and that also contributed to high growth in profit, he added.
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Author: Bangladesh Finance PLC
Bangladesh Finance Limited (Bangladesh Finance), formerly known as BD Finance, is one of the most well-known financial institutions in Bangladesh, having served the people of Bangladesh since 1999.
In the next days, the 23-year-old company expects to see even more incredible changes. The route to becoming the country’s most renowned financial institution began with a higher credit rating, a strong client deposit base, raising bonds and foreign capital, receiving approval to launch an Islamic wing, and consistently maintaining a low NPL rate.
Bangladesh Finance, along with its two subsidiaries Bangladesh Finance Securities Limited (Bangladesh Finance Security) and Bangladesh Finance Capital Limited, is currently on a mission to provide a complete financial solution throughout the country.
Bangladesh Finance is ready to accompany this country as it travels at breakneck speed down the path of economic progress in a never-ending series of successes. We want to be a financial partner of the Bangladeshi people.
As we continue on our journey to a thriving Bangladesh, we believe in the collective picture of the country’s economic development.
With our new logo, we’ve made a big step forward. Our mnemonic “BIJOY” is built on these three pillars of trust, growth, and prosperity. Bangladesh Finance will be the people of Bangladesh’s most trusted financial institution, bringing financial growth to their investments. Investment growth will offer financial prosperity to the people.
