‘Industrial Promotion and Development Company of Bangladesh Limited’ (IPDC) has relaunched its operations in Bangladesh in a gala event at the Radisson Blu Dhaka Water Garden. The Honorable Finance Minister of The People’s Republic of Bangladesh, Mr. Abul Maal Abdul Muhith, MP was the Chief Guest at this gala event along with Guest of Honor, Sir Fazle Hasan Abed, KCMG, Founder and Chairperson of BRAC were present at this gala event. Among others Mr. Mominul Islam, MD and CEO, IPDC Finance Limited and high officials of Bangladesh Bank were also present at the gala event.
Since 1981, being the first ever financial institute in the country, IPDC played a pivotal role in reshaping the private sector industrialization of the country through innovative financial products and services in Bangladesh. It is a diversified financial institution with a wide range of products and services covering corporate finance and advisory services, middle market supply chain finance, retail wealth management and retail finances.
In its effort to revamp its operation in Bangladesh and in alignment with its key vision to be an active partner in the development of the economy of Bangladesh, IPDC has changed its name from ‘Industrial Promotion and Development Company of Bangladesh Limited’ to IPDC Finance Limited. It has made some major changes to ensure efficient organizational management and maximum risk management in its operation. In 2015, world’s top NGO BRAC, Ayesha Abed Foundation, RSA Capital, Aga Khan Fund for Economic Development, RSA Capital Limited, general public and the Government of the People’s Republic of Bangladesh became the major stakeholders of IPDC.
IPDC Finance Limited has created a long-term work plan to create a positive socio economic development in the context of Bangladesh. Besides Industrial loan IPDC Finance Limited has emphasized on home loans to help ensure affordable housing solution for the middle and low income families of this country. It has also emphasized its plan greatly on the empowerment of the women in its effort to mark a positive impact, as the working-class women are a major driving force of the economy of this country. IPDC Finance Limited is also planning to work on the youth unemployment which is one of the major challenge at the moment in Bangladesh. With its broad plan and futuristic approach towards these challenges it has plans to become on the key aggregators in the financial industry of this country.
“IPDC has continuously been the major driving force behind the industrial development of Bangladesh since 1981. We believe, that the revamp of IPDC in Bangladesh as IPDC Finance Limited will be embarked as an effort to take Bangladesh ahead in its leap towards becoming a middle income country in the coming years. We beleive our vision and goals are in clear allignment with mandate of our current government and we will be astonshied to be a part of this journey of Bangladesh towards a better future.” says Mr. Mominul Islam, MD and CEO, IPDC Finance Limited.
About IPDC Finance Limited
IPDC Finance Limited is the first financial institution of Bangladesh, which was established in 1981. Since 1981, IPDC Finance Limited has kept an important role in financing several major industrial projects in Bangladesh. It has continuously been the major driving force behind the industrial development of Bangladesh. World’s top NGO BRAC, Ayesha Abed Foundation, RSA Capital, Aga Khan Fund for Economic Development, RSA Capital Limited, general public and the Government of the People’s Republic of Bangladesh are now the shareholders of this institution.