A New Nation Report :
Launching operation as a multi-products NBFI (non-banking financial institution) in May 1995, Phoenix Finance and Investments Limited (PFIL) has succeeded in backing industrialisation in Bangladesh. PFIL has the backing of sponsor shareholders like the corporate body of Phoenix Insurance Company Limited and other individuals having wide range of experience in the field of commerce and industries.
PFIL’s asset products include Lease Finance, Housing and Real Estate, Short Term Finance, Mid Term Finance, Long Term Finance, Financing against confirmed work order, Bridge Finance, Factoring, SME loan and Investment in Capital Markets.
Its corporate services include Syndication of Loan/Lease, Corporate Advisory and Investment Counseling. Its debt products include advance income option, periodic income options like monthly, quarterly, half yearly, all at maturity option, platinum double scheme, triple money scheme and monthly saving scheme (MSS).
Available statistics show that PFIL’s total assets have increased from BDT 11,920.53 million in 2010, BDT 12,095.69 million in 2011, BDT 13,075.54 million in 2012, BDT 15,137.51 million in 2013 and BDT 17,656.25 million in 2014. Its investment portfolios have increased from BDT 9,157.68 million in 2010 to BDT 9,843.18 million in 2011, BDT 10,603.31 million in 2012, BDT 12,872.40 million in 2013 and BDT 15,259.32 million in 2014.
PFIL’s net profit after tax has increased from BDT 233.20 million in 2010 to BDT 269.59 million in 2011, BDT 271.13 million in 2012, BDT 313.88 million in 2013, but in 2014 its profit after tax decreased to 198.85 million.
At the moment, PFIL has nine branches and 122 employees -the branch-employee ration being 1.13 plus.
S.M. Intekhab Alam, who joined PFIL as Managing Director almost eight years ago on the 1st of January 2008, deserves credit for leading PFIL to success. An MBA with major in Finance from Dhaka University’s Institute of Business Administration (IBA), Intekhab Alam started his banking career as probationary officer in Pubali Bank. Working in Pubali Bank, ANG Grindlays Bank, Standard Chartered Bank, BRAC Bank, Premier Bank and Southeast Bank, he has gathered much of experience in financial sector to his credit. As a result of his sincere contribution to PFIL, it has been awarded with the International Star Award for Quality (ISAQ) in the Gold Category from Business Initiative Directions (BID), a prominent business innovation, customer satisfaction, technology, leadership and strategic planning. He attended the prize giving ceremony in Geneva, Switzerland on the 6th of September 2010 last.
Launching operation as a multi-products NBFI (non-banking financial institution) in May 1995, Phoenix Finance and Investments Limited (PFIL) has succeeded in backing industrialisation in Bangladesh. PFIL has the backing of sponsor shareholders like the corporate body of Phoenix Insurance Company Limited and other individuals having wide range of experience in the field of commerce and industries.
PFIL’s asset products include Lease Finance, Housing and Real Estate, Short Term Finance, Mid Term Finance, Long Term Finance, Financing against confirmed work order, Bridge Finance, Factoring, SME loan and Investment in Capital Markets.
Its corporate services include Syndication of Loan/Lease, Corporate Advisory and Investment Counseling. Its debt products include advance income option, periodic income options like monthly, quarterly, half yearly, all at maturity option, platinum double scheme, triple money scheme and monthly saving scheme (MSS).
Available statistics show that PFIL’s total assets have increased from BDT 11,920.53 million in 2010, BDT 12,095.69 million in 2011, BDT 13,075.54 million in 2012, BDT 15,137.51 million in 2013 and BDT 17,656.25 million in 2014. Its investment portfolios have increased from BDT 9,157.68 million in 2010 to BDT 9,843.18 million in 2011, BDT 10,603.31 million in 2012, BDT 12,872.40 million in 2013 and BDT 15,259.32 million in 2014.
PFIL’s net profit after tax has increased from BDT 233.20 million in 2010 to BDT 269.59 million in 2011, BDT 271.13 million in 2012, BDT 313.88 million in 2013, but in 2014 its profit after tax decreased to 198.85 million.
At the moment, PFIL has nine branches and 122 employees -the branch-employee ration being 1.13 plus.
S.M. Intekhab Alam, who joined PFIL as Managing Director almost eight years ago on the 1st of January 2008, deserves credit for leading PFIL to success. An MBA with major in Finance from Dhaka University’s Institute of Business Administration (IBA), Intekhab Alam started his banking career as probationary officer in Pubali Bank. Working in Pubali Bank, ANG Grindlays Bank, Standard Chartered Bank, BRAC Bank, Premier Bank and Southeast Bank, he has gathered much of experience in financial sector to his credit. As a result of his sincere contribution to PFIL, it has been awarded with the International Star Award for Quality (ISAQ) in the Gold Category from Business Initiative Directions (BID), a prominent business innovation, customer satisfaction, technology, leadership and strategic planning. He attended the prize giving ceremony in Geneva, Switzerland on the 6th of September 2010 last.
