LankaBangla Finance Limited (LBFL) is a leading non-banking financial institution (NBFI) in Bangladesh. Established in 1997 as a joint venture between Bangladeshi and Sri Lankan investors, it has grown significantly over the years, offering a diverse range of financial products and services.
LBFL’s core business revolves around providing financial solutions to businesses and individuals. For corporate clients, they offer term loans, lease finance, working capital finance, and structured finance solutions tailored to meet specific business needs. These financing options help companies expand operations, acquire new equipment, manage cash flow, and undertake various investment projects.
For individual customers, LBFL provides retail financial services including personal loans, auto loans, home loans, and deposit products. These offerings cater to various personal financial needs, enabling individuals to purchase assets, improve their living standards, and achieve their financial goals. The company has strategically diversified its retail portfolio to appeal to a wide customer base.
A key strength of LankaBangla Finance lies in its strong risk management practices and prudent lending policies. The company maintains a robust credit assessment framework and closely monitors its loan portfolio to mitigate potential risks. This focus on responsible lending has contributed to its consistent profitability and financial stability over the years.
LBFL is also actively involved in the capital market of Bangladesh. It has a significant presence in stock brokerage and merchant banking through its subsidiaries, LankaBangla Securities Limited and LankaBangla Investments Limited, respectively. These subsidiaries provide services like securities trading, portfolio management, underwriting, and corporate advisory services, further expanding LBFL’s reach in the financial sector.
The company places a strong emphasis on innovation and technology to enhance customer experience and streamline operations. They have invested in digital platforms and online services to make financial products and services more accessible to customers. This includes online loan applications, digital payment options, and customer service portals.
LankaBangla Finance Limited is committed to contributing to the economic development of Bangladesh. It actively participates in initiatives that promote financial inclusion and supports small and medium-sized enterprises (SMEs), which are crucial for job creation and economic growth. The company also emphasizes corporate social responsibility (CSR) through various community development programs.
In recent years, the NBFI sector in Bangladesh has faced some challenges, including regulatory changes and increased competition. LankaBangla Finance has navigated these challenges effectively through its strong management team, diversified portfolio, and commitment to innovation. It continues to be a significant player in the financial landscape of Bangladesh, striving to provide innovative and customer-centric financial solutions.