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Lanka Bangla Products & Services

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Submitted By imainul
Words 3261
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LankaBangla Finance Limited (LBFL) a joint venture financial institution established with multinational collaboration is in operation since 1997 having license from Bangladesh Bank under Financial Institutions Act, 1993. With institutional shareholding structure, educated & motivated human resources, friendly working environment & dynamic corporate culture has enabled LBFL to be a diversified financial services providing institution of the country. Technical support provided by Sampath Bank Limited, Sri Lanka has been working as a catalyst to emerge LBFL as most innovative financial solution provider strictly in compliance with the rules & regulations of Bangladesh Bank.
SHAREHOLDERS

The shareholding structure of LankaBangla Finance Limited consists of Commercial Banks, Investment Bank, Corporate & prominent Industrialists from home & abroad. The current structure is: Sl. No | Details | Percentage | 1. | Foreign Sponsors: | Sampath Bank PLC, Sri Lanka | 09.47% | 2. | Local Sponsors: | a) | One Bank Limited, Bangladesh | 04.86% | 29.09% | b) | SSC Holdings Limited, Bangladesh | 01.07% | | c) | Shanta Apparels Limited, Bangladesh | 01.74% | | d) | Others - Bangladeshi Individuals | 21.42% | | 3. | General Shareholders: | 61.44% | Shareholding Structure | 100.00% | |
LankaBangla Finance went for public issue in 2006 and its shares are listed in both Dhaka Stock Exchange and Chittagong Stock Exchange since 17-October-2006 and 31-October-2006 respectively.
LEASE FINANCE
Leasing is a medium- term funding facility in the form of an agreement by contract between a “lessor” and a “lessee” upon which the latter is entitled to use the lessor’s asset in return for regular payment of rental for a fixed period of time. At the end of the leasing period, the lessee has the option to buy the

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