INVESTOR RELATIONS
LankaBangla Finance Limited disseminates information on its operations and initiatives on a regular basis. LankaBangla Finance Limited website serves as a key investor awareness facility, allowing stakeholders to access information on LankaBangla Finance Limited at their convenience. LankaBangla Finance Limited’s dedicated investor relations personnel play a proactive role in disseminating information to both analysts and investors and respond to specific queries.
FINANCIAL HIGHLIGHTS
LankaBangla Finance Limited
All figures in BDT million except (%)
Financial Position | 2015 | 2016 | 2017 | 2018 | 2019 | Growth of 2019 over 2018 | 5 Year CAGR (%)/Average* |
Total Assets | 50,448 | 63,935 | 85,443 | 87,889 | 84,363 | -4.01% | 13.72% |
Total Liabilities | 44,099 | 57,164 | 77,014 | 77,954 | 74,708 | -4.16% | 14.09% |
Business Disbursement | 35,770 | 45,539 | 56,726 | 38,754 | 33,666 | -13.13% | -1.50% |
Property Plant and Equipment | 1,292 | 1,430 | 1,803 | 2,406 | 2,861 | 18.93% | 21.99% |
Current Assets | 19,146 | 33,088 | 35,318 | 44,980 | 58,403 | 29.84% | 32.16% |
Current Liabilities | 17,301 | 29,043 | 31,959 | 41,741 | 56,368 | 35.04% | 34.35% |
Net current assets | 1,845 | 4,045 | 3,359 | 3,239 | 2,035 | -37.16% | 2.48% |
Non Current Assets | 37,132 | 30,847 | 50,124 | 42,909 | 25,960 | -39.50% | -8.56% |
Long Term Liabilities | 26,798 | 28,121 | 45,055 | 36,213 | 18,340 | -49.36% | -9.05% |
Loans and Advances | 41,819 | 51,244 | 66,544 | 68,676 | 65,117 | -5.18% | 11.71% |
Term Deposits | 29,992 | 40,033 | 51,553 | 53,231 | 46,751 | -12.17% | 11.74% |
Total Investment Portfolio | 47,605 | 60,595 | 80,800 | 81,946 | 78,642 | -4.03% | 13.37% |
Operational Performance | |||||||
Operating Revenue | 6,237 | 7,306 | 9,981 | 11,061 | 11,758 | 6.30% | 17.18% |
Operating Expenses | 1,612 | 1,999 | 2,671 | 2,770 | 2,873 | 3.70% | 15.54% |
Financial Expenses | 3,715 | 3,964 | 4,839 | 6,606 | 7,275 | 10.14% | 18.30% |
Non Interest Revenue | 1,449 | 1,644 | 2,905 | 1,966 | 1,585 | -19.38% | 2.26% |
Net Profit Before Tax | 533 | 947 | 2,264 | 709 | 725 | 2.21% | 7.99% |
Net Profit After Tax | 421 | 796 | 1,926 | 444 | 508 | 14.35% | 4.82% |
EBITDA | 4,340 | 5,008 | 7,256 | 7,315 | 8,363 | 14.33% | 17.82% |
Turnover of Share Trading by LBSL | 148,645 | 166,902 | 363,646 | 235,595 | 147,526 | -37.38% | -0.19% |
Financial Ratios | |||||||
Gross Profit Ratio | 59.57% | 54.26% | 48.48% | 59.72% | 61.89% | 3.63% | 56.78% |
Operating Profit Ratio | 14.59% | 18.37% | 24.76% | 15.24% | 13.69% | -10.16% | 17.33% |
Return on Capital Employed | 1.04% | 1.55% | 2.83% | 0.56% | 0.66% | 16.97% | 1.33% |
Cash reserve ratio/ liquidity asset ratio (Required 2.5%) | 2.51% | 2.52% | 2.92% | 2.57% | 2.57% | -0.31% | 2.62% |
Statutory Liquidity Reserve (Required 5%) | 5.05% | 5.08% | 5.10% | 5.03% | 5.04% | 0.21% | 5.06% |
Capital Adequacy Ratio (2011: Test Run. Effct. From 2012) | 13.41% | 12.45% | 11.95% | 16.18% | 16.75% | 3.53% | 14.15% |
Gross Non performing assets to gross advances/Non performing loans (assets) to total loans (assets) | 3.20% | 3.22% | 2.85% | 3.35% | 5.20% | 55.47% | 3.56% |
Cost to Income Ratio | 63.92% | 59.83% | 51.95% | 62.17% | 64.09% | 3.09% | 60.39% |
Current Ratio | 1.11 | 1.14 | 1.11 | 1.08 | 1.04 | -3.85% | 1.09 |
Debt Equity Ratio | 6.23 | 7.61 | 8.42 | 7.07 | 6.90 | -2.47% | 7.25 |
Financial Expense Coverage Ratio | 1.24 | 1.34 | 1.51 | 1.26 | 1.22 | -2.71% | 1.31 |
Return on Equity (%) | 6.37% | 12.29% | 25.66% | 4.90% | 5.27% | 7.51% | 10.90% |
Return on Assets (%) | 0.94% | 1.39% | 2.58% | 0.51% | 0.59% | 15.07% | 1.20% |
Equity Parameters | |||||||
Authorized Capital | 3,000 | 10,000 | 10,000 | 10,000 | 10,000 | 0.00% | 35.12% |
Paid-up Capital | 2,406 | 2,767 | 3,183 | 5,132 | 5,132 | 0.00% | 20.84% |
Shareholders' Equity | 6,262 | 6,687 | 8,327 | 9,823 | 9,482 | -3.47% | 10.93% |
No. of Share Outstanding | 241 | 277 | 318 | 513 | 513 | 0.00% | 20.84% |
Net Asset Value (NAV) Per Share* | 19.68 | 21.01 | 18.19 | 19.14 | 18.48 | 3.47% | -1.56% |
Earnings Per Share (EPS)* | 1.33 | 2.5 | 4.15 | 0.85 | 0.98 | 14.96% | -7.37% |
Market Price Per Share (Closing) | 29 | 34.8 | 47.8 | 22.9 | 18.00 | -21.40% | -11.24% |
Price Earnings Ratio (Times) * | 21.74 | 13.92 | 11.53 | 26.81 | 18.33 | -31.62% | 18.47 |
Dividend Payment (C- cash & B- bonus) | 15% B | 15% B | 7.5% B | 0% | 5% B | - | - |
15% C | 15% C | 7.5% C | 15% C | 7% C | - | - | |
Profit Per Employee (mn) | 0.55 | 0.84 | 1.6 | 0.37 | 0.41 | 9.88% | -7.31% |
Credit Ratings | |||||||
Long Term | AA3 | AA3 | AA3 | AA3 | AA3 | AA3 | - |
Short Term | ST-2 | ST-2 | ST-2 | ST-2 | ST-2 | ST-2 | - |
Investor Downloads
Below listed all our downloadable items.
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Annual Integrated Report 2019Annual Integrated Report 2019
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Annual Integrated Report 2018Annual Integrated Report 2018
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Annual Integrated Report 2017Annual Integrated Report 2017
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Annual Integrated Report 2016Annual Integrated Report 2016
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Annual Report 2015Annual Report 2015
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Annual Report 2014Annual Report 2014
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Annual Report 2013Annual Report 2013
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Annual Report 2012Annual Report 2012
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Annual Report 2011Annual Report 2011
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Annual Report 2010Annual Report 2010
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Annual Report 2009Annual Report 2009
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Annual Report 2008Annual Report 2008
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Annual Report 2007Annual Report 2007
- 2020:
Consolidated and Separate Financial Statements 3rd Quarter
LankaBangla Audited Financial Report 2019
LankaBangla Audited Financial Statement 2019
Consolidated and Separate Financial Statements (UN-AUDITED) as at and for the Half-Year Ended 30 June 2020
Colsolidated and separated financial statements (un-audited) as at and for the period ended 31 march 2020 (1st quarter)
Disclosure relating to un-audited Financial Statements for the 1st quarter ended March 31, 2020
Price Sensitive Information 8th June 2020 - 2019:
Consolidated and Separate Financial Statements (UN-AUDITED) as at and for the Period Ended 30 September 2019
Disclosure relating to un-audited 3rd Quarter ended Financial Statements on September 30, 2019
Consolidated and Separate Financial Statements (UN-AUDITED) as at and for the Half-Year Ended 30 June 2019
Disclosure relating to un-audited Half-Year ended Financial Statements on June 30, 2019
Consolidated And Separate Financial Statements (Un-Audited) For the period ended 31 March 2019 (1st Quarter)
Disclosure relating to Un-audited First Quarter Financial Statements for the period ended March 31, 2019 - 2018:
Disclosure relating to un-audited 3rd Quarter ended Financial Statements on September 30, 2018
Consolidated and Separate Financial Statements (Un-Audited) For the Period Ended September 30 2018
Disclosure relating to audited first Half Year Ended Financial Statements on June 30 2018
Consolidated and Separate Financial Statements Audited For the Half Year Ended on June 30 2018
1st Quarter Consolidated Financial Statements 2018 (Un-Audited)
- 2017:
3rd Quarter Consolidated and Separate Financial Statements 2017 (Un-Audited)
Half Yearly Consolidated and Separate Financial Statements 2017 (Un-Audited)
1st Quarter Consolidated Financial Statements 2017 (Un-Audited)
- 2016:
Audited Financial Statements for the year ended 2016
3rd Quarter Consolidated Financial Statements 2016 (Un-Audited)
Half Yearly Consolidated Financial Statements 2016 (Un-Audited)
1st Quarter - Separate And Consolidated Financial Statements 2016 (Un-Audited) - 2015:
3rd Quarter Consolidated Financial Statements 2015 (Un-Audited)
Half Yearly Consolidated Financial Statements 2015 (Un-Audited)
1st Quarter Consolidated Financial Statements 2015 (Un-Audited)
- 2014:
3rd Quarter Consolidated Financial Statements 2014 (Un-Audited)
3rd Quarter Financial Performance 2014(Un-Audited)
Half Yearly Consolidated Financial Statements 2014 (Un-Audited) Half Yearly Financial Statements 2014 (Un-Audited)
1st Quarter Consolidated Financial Statements 2014 (Un-Audited) 1st Quarter Financial Performance 2014 (Un-Audited) - 2013:
3rd Quarter Consolidated Financial Statements 2013(Un-Audited)
Half Yearly Consolidated Financial Statements 2013(Un-Audited)
1st Quarter Consolidated Financial Statements 2013(Un-Audited) - 2012:
3rd Quarter Consolidated Financial Statements 2012(Provisional & Un-Audited)
Half Yearly Consolidated Financial Statements 2012(Provisional & Un-Audited)
1st Quarter Consolidated Financial Statements 2012(Provisional & Un-Audited) - 2011:
3rd Quarter Consolidated Financial Statements 2011 (Audited)
Half Yearly Consolidated Financial Statements 2011 (Un-Audited)
1st Quarter Consolidated Financial Statements 2011 (Provisional & Un-Audited) - 2010:
Half Yearly Financial Report 2010 (Un-Audited)
- Price Sensitive Information 3rd Quarter October 25, 2020
- Price Sensitive Information on June 30, 2020
- Colsolidated and separated financial statements (un-audited) as at and for the period ended 31 march 2020 (1st quarter)
- Disclosure relating to un-audited Financial Statements for the 1st quarter ended March 31, 2020
- Price Sensitive Information 8th June 2020
- Consolidated and Separate Financial Statements (UN-AUDITED) as at and for the Period Ended 30 September 2019
- Disclosure relating to un-audited 3rd Quarter ended Financial Statements on September 30, 2019
- Consolidated and Separate Financial Statements (UN-AUDITED) as at and for the Half-Year Ended 30 June 2019
- Disclosure relating to un-audited Half-Year ended Financial Statements on June 30, 2019
- Consolidated And Separate Financial Statements (Un-Audited) For the period ended 31 March 2019 (1st Quarter)
- Disclosure relating to Un-audited First Quarter Financial Statements for the period ended March 31, 2019
- Price Sensitive Information LBFL February 12, 2019
- Price Sensitive Information LBSL February 12, 2019
- Price Sensitive Information November 27, 2018
- Consolidated and Separate Financial Statements (Un-Audited) For the Period Ended September 30 2018
- Disclosure relating to Un-audited First Quarter Financial Statements for the period ended March 31, 2018
- Price Sensitive Information May 14, 2018
- Price Sensitive Information February 13, 2018
- Price Sensitive Information November 01, 2017
- Price Sensitive Information October 31, 2017
- Price Sensitive Information October 23, 2017
- Disclosure relating to Un-audited 3rd Quarter ended Financial Statements on September 30, 2017
- Price Sensitive Information August 24, 2017
- Price Sensitive Information August 10, 2017
- Price Sensitive Information August 1, 2017
- Disclosure relating to Un-audited first Half-Year ended Financial Statements on June 30, 2017
- Disclosure relating to Un-audited First Quarter Financial Statements for the period ended March 31, 2017
- Price Sensitive Information April 25, 2017
- Price Sensitive Information February 13, 2017
- Disclosure relating to Un-audited Financial Statements
- Issuance of right shares in the ratio of 01 (one) right share for every 02 (two) shares held
- Issuance of 2nd Non-Convertible Zero Coupon Bond of BDT 500 crore
- Notice of 8th Extraordinary General Meeting
- Issuance of commercial paper of BDT 1,500.00 million
- Price Sensitive Information 2016
- Price Sensitive Information of Zero Copon Bond-LBSL 2015
- 3rd Quarters Financial Performance (Un-Audited)
- Price Sensitive Information 2015
- Financial Performance 2015 (Un-Audited)
- Zero Coupon Bond Amounting 2014
- Zero Coupon Bond 2014
- Price Sensetive Information Securities 2014
- Price Sensetive Information-Purchase of Land-Final 2014
- 3rd Quarter Price Sensitive Information 2013
- Half-Year Price Sensitive Information 2012
- Price Sensitive Information Of Right Share Approved by SEC 2012
- Price Sensitive Information For Right Issu 2012
- Price Sensetive Information 2012
- 1st Quarter Price Sensitive Information 2012
- Price Sensitive Information Of Dividend for the Year 2011
- Price Sensitive Information of LBSL 2011
- Price Sensitive Information Of Distributin of Bonus Share for 2011
MESSAGE FROM THE
CHAIRMAN
"LankaBangla has been developing its strategies for years based on diversification in markets with high growth potential, a customer-centric business model and technology as key elements in order to face the transformation process being experienced in its business segments. Sustaining earnings amidst challenging times and taking result oriented initiatives have helped us to elevate the company performance to the next level."
In the name of Almighty Allah, the Most Gracious and the Most Merciful.
Dear Fellow Shareholders,
As we endure through the unprecedented health catastrophe
during the COVID-19 pandemic, we pledge our solidarity with
solemn gratitude to the doctors, nurses, police officers, financial
service community, individuals taking a courageous step as the
first responder to the crisis and those who are risking their lives
fighting it.
As for the future unfolds, in the short run we have no other
way to prioritize the containment measures to protect our
people and resources from this healthcare emergency and an
eventual economic slowdown. On the pre-pandemic basis, we
already have been maintaining a superior capital adequacy ratio
(CAR) of 16.75% on a group-wide basis thanks to one of the
most diversified core lending portfolios in the industry, a strong
liquidity position, a reduced marketable and mutual funds
exposure in our proprietary investment portfolio and alternative
funding source through subordinate debt. Altogether, all those
strategies are expected to moderate the shock of the economic
slowdown for LankaBangla Group comparing to the competing
NBFIs that are not that well-diversified. In this backdrop, I am
glad to present the annual report for LankaBangla Group for the
year ended 31 December 2019 and warmly invite you all to the
23rd Annual General Meeting of LankaBangla Finance Limited.
I am happy to convey that we have achieved net profit growth both on a group and a solo basis as a direct result of the revenue
diversification strategy implemented over the years. Despite the
double-digit revenue growth of LankaBangla Finance Limited on
a solo basis, the consolidated revenue growth has been flattened
due to weak revenue streams from capital market operations.
The underperformance of the capital market is owing to the
drastic fall of price indexes and turnover in both of the stock
exchanges influenced mostly by weak financial sector liquidity,
the lucrative yield on risk-free securities/instruments and
eroded investor’s confidence. In contrast, we have achieved net
interest earnings growth by 16.4% on a constrained core lending
portfolio amid subdued private sector financing opportunities;
this impressive performance is largely credited to the efficacy
of timely balance sheet restructuring through opportunistic
growth in credit card and SME loan portfolio.
The weak private credit growth has impacted the cash flow
and liquidity of our business customers whether it is large or
small. The impact is more severe for legacy corporates and SME
segment borrowers which has contributed to increase in our
non-performing loan (NPL) ratio. Although the industrywide
NPL ratio is trending upward with a double-digit number,
LBFL’s target hygiene standard for asset quality is considerably
stringent from that of the industry average. We have focused
extensively on the collection and monitoring; to accommodate that a grassroots collection measures, significant management
and process restructuring have been implemented. We have set
aside a significant amount from this year’s net operating income
as provision due to severe underperformance of capital market
and stress on core lending portfolio. Despite that development,
we have achieved Earning Per Share (EPS) of BDT 1.43 on a solo
basis and BDT 0.98 on a consolidated basis; an improvement
comparing to FY 2018 earning. The board of directors has
recommended 7% cash and 5% stock dividend per share of BDT
10 each for our valued shareholders.
Navigating through COVID-19 fallout
The fallout from the COVID-19 pandemic has put the whole
world in a stressful situation where general economic activity
has been suspended partially. No doubt, interest income from
the core lending portfolio, proprietary investment income and
commission earnings from brokerage will take a considerable
shock in the short term which may extend to medium term. On
the other hand, the eventual reversal is contingent upon the
trajectory of the recovery which is linked to factors such as the
level of success in containing the spread of the virus, discovery
of therapeutic medicine and vaccinations, appropriate policy
response and global supply chain restoration, etc. In response,
the LankaBangla group will maintain the legacy of a diversified
quality balance sheet, uphold the highest ethical standards
and a culture of innovation in this rapidly changing business
environment. In terms of tackling this extraordinary situation
we already have taken adequate measures that will safeguard
our capital, protect depositors’ trust and wellbeing of all our
stakeholders.
- The Health and safety of our employees, customers and broader stakeholders is the top priority ever. We have implemented work from home in swiping fast fashion and ensured bare minimum physical footprint in our offices to minimize the possibility of the spread of the virus maintaining operational continuity. Customers are encouraged to take services through our state of the art and round the clock call center.
- We are committed to going on extraordinary length to help our customers - consumers, SMEs, mid and large businesses to cope up with this pandemic on the path to eventual recovery. Our ethos of growing together is founded on the premise that sharing the prosperity of our customers in good times comes with the burden of responsibility in collaborating for a better future in hard times.
- Taken vigorous approach in maintaining liquidity in the back-drop of risk-off market sentiment.
- Intensified the monitoring of the core lending portfolio and appropriate human resources re-structuring has been done to align with this renewed focus area. Besides, we are working out the suitable structuring of existing loan contracts that best handle the cash flow slacks and catalyze for the economic recovery of the borrowers to achieve debt sustainability.
- We have streamlined productivity metrics, taken steps to reduce operational leverage and integrated technology operation to overcome operational bottlenecks.
Structuring a business model that ensures safety and stability
No doubt the NBFI sector in Bangladesh is going through a
challenging time; besides the COVID-19 pandemic, the rising
default rates, decreasing interest rate spread, rising cost to
income ratio, weak governance and stiff liquidity space being
the major ones. Like other NBFIs, the success of LBFL depends
on dealing with those challenges where the financial markets
are shared by hyper-competitive non-banking and banking
entities. While a general downtrend in interest spread is
observed all over the financial service industry, the NBFIs, in
general, have a lower spread compared to the banks which
get worse in a stressed financial market situation. To cope
up with the constraints, LankaBangla has taken considerable
exposures in those segments that have a relatively higher
interest rate spread adjusted of the management cost and
normalized default rate. Diversified consumer (including credit
card) and SME customer base will make us competitive against
decreasing spread. The retail and SME portfolio already have
gained significant momentum in terms of operational efficiency
and market penetration. The credit card, supply chain finance
and SMEs have a high potential of fee-based earnings. Besides,
the dominant market share in brokerage business preserves the
upside potential in terms of commission earnings when markets
recover. LankaBangla has recalibrated its efficiency metrics
through better training of employees, competency alignment
for each job role, process restructuring and access to proper
digital infrastructures.
Independence and objectivity in everyday decision making
fortify the foundation of governance at LankaBangla Group.
We have a strong board representation that is instrumental
in exerting prudential oversight over every strategic decision
of LankaBangla Group. Here, the decision making is not
concentrated, rather it is delegated to competent management
positions for a timely and informed response to the job; also
with a robust escalation mechanism in tandem with the
importance of the decision or exception handling capacity.
We have focused on product innovation across the board
including all lending, liability, brokerage, investment banking
and wealth management products and services. We have taken
a coordinated approach in customer segmentation of retail and
SME products for better business planning that yields a lucrative
return. All these initiatives are complemented with the right mix
of asset allocation decisions, strong risk management practices
and robust control mechanisms.
Prioritizing long term growth potential in the asset allocation decision
Since the inception of LankaBangla Finance Limited, we always
have prioritized the sectors that present a growth potential on
a long term basis. We are the only non-bank based issuer of
credit cards (Both Master card and Visa) competing against the
bank based players with a strong market position, the largest brokerage house in the country in terms of turnover and have
one of the most diversified core lending portfolios amongst all
the NBFIs.
Historically, LankaBangla Group was tilted towards capital
market operation as the major revenue source that exposed the
group to capital market swings. After the stock market crisis in
2011, considerable effort has been given and as a result, not
only we have successfully diversified our revenue base but also
able to maintain the top position in capital market operations till
now. Early corporate portfolio concentration has been reduced
greatly to a more symmetrical distribution amongst corporate,
retail and SME product portfolio. LankaBangla Finance Limited
has diversified its loan portfolio by increasing exposure to the
CMSME sector vigorously over the last 5 years; By the end of
December 2019, SME Comprises of 29% of LBFL’s core lending
portfolio, corporate comprises 30% and retail holds the majority
of the pie at 41 %. Moreover, we are continuously reducing
our negative equity on margin loan which has improved our
performance and increased sustainability.
These extraordinary maneuverings on a large scale are the
testimony of our implementation and change management
capacity. We make the changes that create economics of scale
and ensures impeccable operational excellence. As a group,
we have structured our balance sheet based on our unique
competencies and competitive edge. The strategic changes to
asset allocation are transitioned in a gradual manner resulting
in a well-diversified balance that seems effortless but very
complex in terms of execution. At Lankabangla Group, our
priority is to maintain our balance sheet in a way that gives the
highest security to our depositors and creditors supplemented
with a competitive return, stable risk-adjusted return to our
shareholders and equitable payoff to all our stakeholders.
Technology-driven business solution
The digital transformation has enabled the financial service
industry to thrive using a superior informational advantage.
At LBFL, we already have taken substantial measures to align
the skillset of our employees and enabling them with proper
access to digital infrastructure. The approach to the technologydriven business solution is aimed to take advantage of business
scalability with a low-cost structure. We are moving towards
a paradigm where our technology-driven business solutions
powered by a cultural environment that prioritizes efficiency
and highest ethical standards will better position us in a highly
competitive financial service industry. The symbiotic relationship
of people, products, process and technology platforms will
create a better business environment for all our stakeholders.
LankaBangla Finance Limited has launched a full range of
financial services for women under a “Shikha” platform. This
platform will be instrumental in offering superior services to
our women customers and broader stakeholders in a fresh
new approach to celebrate the economic emancipation of
women. LankaBangla Finance Limited is committed to making
a positive impact on society from both a financial performance standpoint and excelling in environmental, social and corporate
governance (ESG) standards. Besides our extensive preparation
for COVID-19 pandemic to safeguard our broader stakeholders,
LankaBangla Finance Limited has donated BDT 20 million to the
Prime Minister's Relief and Welfare Fund as part of its effort to
combat Covid-19. LankaBanga Finance Limited received Best
Presented Annual Report Awards for 2018 both from the South
Asian Federation of Accountants (SAFA) and from The Institute
of Chartered Accountants of Bangladesh (ICAB) in NBFI category.
As the chairman, I am proud of the LankaBangla Brand and
greatly thankful to our sponsor and independent directors
for their prudent board oversight and guidance in making
what we are today. I am also indebted to the management
and employees of the group for their dedication, managerial
leadership and unwavering commitment to make LankaBangla
such an excellent place to work. I reiterate that our capital,
competency, intellectual rigor and operational fundamentals
remain strong to attract capital and capacity to lend and invest,
unfolding a future that all the stakeholders can depend on.
We will continue to innovate; adopt appropriate strategies to
protect our capital, depositor’s trust to keep ourselves strongly
relevant in this competitive and changing business scenario.
Despite the plausibility of a short to medium term slack in
the economic activity, we believe our resources will endure
thorough COVID-19 pandemic fallout only to rise stronger; the
credit standing of our borrowers would recover and the effective
collaboration will yield better future for all our stakeholders. In
the coming days, our diversified balance sheet will safeguard
our investments, greater efficiency drive will generate more
productivity and innovation and investment in technology will
prepare ourselves for digital evolution. I strongly believe, the
competitive edge, the prudence and resilience of our Company
will reflect in the attractive long term return from our efficiently
allocated assets in the days to come.
Yours sincerely,
Mohammad A. Moyeen
Chairman

Managing Director's
Review & Statement
We have efficaciously managed our liquidity in 2019 amidst the mid-term liquidity dearth industrywide by coalescing foreign source of fund with domestic sources, collaborated with financial partners including individual depositors, strengthen capital base further to support future expansion, restructured business processes, made prudent loan disbursement by trading off liquidity vs. business, brought out creative initiatives to maintain asset quality, optimized costs, made mentionable investment in IT infrastructure, taken endeavours to keep the image of a customer centric organization and provide full range of financial services despite the year possessed unprecedented challenges from industry competitiveness, adverse liquidity situation, negative image of the industry and bearish capital market.
Dear Stakeholders,
We have passed another challenging year of prolonged liquidity dearth, rise of countrywide NPL, negative image of the NBFI industry due to failure of liquidity management of several NBFIs, sheer underperformance of capital market, exhilarating competition, reduction of net interest margin because of increase in cost of fund. LBFL has overcome these challenges with impressive and solid team work, successful implementation of the right strategies, diversified fund sourcing including foreign fund and local subordinated debt raising, restructured business processes, cautious and focused loan disbursement, effective cost management and by impressive progression in using of latest IT solutions. Results of these initiatives are increase in bottom line to some extent both stand-alone basis and as group.
Investor Relation Department
Masum Ali
Vice President, Board Secretariat & Regulatory Affairs
Address : Safura Tower, Level-14 20 Kemal Ataturk Avenue Banani, Dhaka 1213
Phone : +880 2 9883701-10, Ext 402
Cell : +88 01713 069817
Fax : +880 2 8810998
E-mail : masum@lankabangla.com
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