A New Nation Report :
More than eighteen years have elapsed since People’s Leasing and Financial Services Limited (PLFSL) commenced business on the 26th of August 1996 last. By now the NBFI (non-banking financial institute) has progressed well in respect of backing up industrialisation in Bangladesh through its various products including SME (small and medium enterprise) loan.
PLFSL’s Debt Products include lease finance, syndicate finance, home loan, finance for real estate developers, short term loan, long term loan, agro-based loan, SME loan, women entrepreneurs loan, working capital, project finance, lease finance under sale and lease back and factoring. Its Liability Products include short-term deposit, term deposit, annual profit term deposit, monthly earner deposit, quarterly earner deposit, Q-5 (quarterly profit for five times), double money scheme and monthly deposit scheme. Its Refinance Scheme under Bangladesh Bank/ADB Fund includes SME finance scheme, women entrepreneur refinance scheme, refinance scheme under green banking and brick kiln energy project under ADB fund. PLFSL”s Corporate Services include project finance appraisal, project loan syndication agency services, refinancing arrangement, corporate financial advisory, security of receivables, trusteeship management and professional supports to SMEs.
PLFSL’s investment in term finances has increased from BDT 8011 million in 2010 to BDT 9,365 million in 2011, BDT 11518 million in 2012, BDT 13461 million in 2013 and BDT 14899 million in 2014. Its shareholders’ equity has increased from BDT 3372 million in 2010 to BDT3897 million in 2011, BDT 4126 million in 2012, BDT 4349 million in 2013 and BDT 4546 million in 2014. Its Paid-up capital has increased from BDT 1089 to BDT 1906 million in 2011, BDT 2097 million in 2012, BDT 2359 million in 2013 and BDT 2595 million in 2014 last.
With its registered office at Paramount Heights, Level 12th & 13th on the 65/2/1 Box Culvert Road, Purana Paltan, Dhaka-100, PLFSL opened its branch at Gulshan, Dhaka on October 30, 2007 and branch at Agrabad Chittagong on December 21,2014 last.
For head office and two branches PLFSL has 79 employees-the branch: employee ratio being 1:26 plus.
PLFSL’s Managing Director and CEO, Dr. MA Yousuf Khan is a banker by profession. He started his banking career in the largest state-owned bank, Sonali Bank, in the year 1977 as a senior officer on probation. He worked in Sonali Exchange Company, USA as Chief Executive Officer from 1998 to 2001. Subsequently he joined Mercantile Bank Limited as Executive Vice-President in 2004 and was promoted to the rank of Deputy Managing Director in the same bank. Yousuf Khan did his Ph. D from the USA.
