It is a broadly described annual report of IDLC Finance Limited in the year of 2016. The total interest income of the group has increased to BDT 8,360 million from BDT 8,251 million, with a marginal growth of 1.32%, consequent to an overall portfolio growth of 12.77%. Assets under SME grew sharply by 16.48% to BDT 26,054 million and the company’s ability to control the quality of the growing portfolio was quite evident in NPL (non-performing loans) under the segment remaining at 3.85%. IDLC Securities Limited reported a 19.8% income growth to BDT 414 million and a 7.59% net profit growth to BDT 103 million. IDLC Investments Limited also grew its post-tax profit by 42.5% to BDT 170 million. Foreign exchange reserves rose to a record high of USD $32.09 billion at the end of December-2016. The Company’s earnings per share increased to BDT 7.08 in 2016 from BDT 5.81 in 2015, indicating a growth of 22%.
The Company has declared Cash dividend @ 30% (BDT 3.00 per Share) in 2016, while in the year 2015 Cash dividend @ 25 % (BDT 2.50 per Share) was declared, which reflects the Company’s long-term operational viability. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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