The NBFI will give home loan maximum amount of BDT 10 crore to a client while the banks usually offer highest loan amount of BDT 1.20 crore, Nure Mahbubul Alam, a deputy team leader for auto loan of the LankaBangla Finance, told the BBN during the Banking Fair in 2015.

Dhaka, Bangladesh (BBN) – The board of directors of LankaBangla Finance has revised its earlier decision regarding issuance of rights share offer, said an official disclosure on Wednesday.
The previous offer was for 138,369,975 ordinary shares of BDT 10 each at an issue price of BDT 10 each at the ratio on one rights share against two existing shares on October 26 in 2016.
Now company has been revised for 159,125,470 ordinary shares at the same ratio.
“The board revised their earlier decision due to increase in the paid-up capital from BDT 2,767,399,490 to BDT 3,182,509,410.00 after approval of 15 percent stock dividend for the year 2016,” said a statement posted on the Dhaka Stock Exchange (DSE) website on Wednesday.
The record date will be fixed after approval of rights share offer by Bangladesh Securities and Exchange Commission (BSEC).
The date of extraordinary general meeting (EGM) will be held on June 15 at 1:00am.
The venue will be notified later. Record date for EGM is on May 23.
The company’s share price traded between BDT 50.70 and BDT 53.80 on Tuesday, before closing at BDT 50.40, advancing 4.10 percent over the previous day.
Shareholders of the company recently approved 15 percent cash and 15 percent stock dividend for the year ended on December 31, 2016 at its 20th annual general meeting (AGM).
The company also reported consolidated earnings per share (EPS) of BDT 2.87, consolidated net asset value (NAV) per share of BDT 24.16 for the year ended on December 31, 2016 as against BDT 1.53 (restated) and BDT 22.63 (restated) for the same period of the previous year.
LankaBangla Finance, which was listed on the Dhaka bourse in 2006, also disbursed 15 percent cash and 15 percent stocks dividend for the year ended on December 31, 2015.
The company’s paid-up capital is BDT 3.18 billion and authorised capital is BDT 10 billion, while the total number of securities is 318.25 million. The company’s total market cap stood at BDT 17.28 billion as on Thursday.
Sponsor-directors own 34.63 percent stake in LankaBangla, while institutional investors own 26.69 percent, foreign investors 5.08 percent and the general public 33.60 percent as on March 31, 2017, the DSE data shows.
LankaBangla Finance started its journey long back in 1997 as a joint-venture financial institution with multinational collaboration having license from Bangladesh Bank under Financial Institution Act-1993.
Now LankaBangla is the country’s leading provider of integrated financial services including corporate financial services, retail financial services, SME financial services, stock broking, corporate advisory and wealth management services.
Under the broadest umbrella of products and service offerings, it is the lone financial institution to operate credit card (MasterCard and VISA) and also provide third party card processing services to different banks in Bangladesh.
LankaBangla is a primary dealer of government securities since November 2009.
BBN/SS/ANS