IPDC Finance plans to raise Tk400cr thru bond issuance

The company will issue a Tk200 crore unsecured subordinated bond with a six-year tenure to raise Tier-II capital and a Tk200 crore green zero-coupon bond with a five-year tenure.

IPDC Finance plans to raise Tk400 crore through two bonds to meet its financing needs and strengthen its capital base, according to disclosures published on the stock exchanges.

The board of the non-bank financial institution (NBFI) approved the fundraising plan through private placement at a meeting on 29 October.

The company will issue a Tk200 crore unsecured subordinated bond with a six-year tenure to raise Tier-II capital and a Tk200 crore green zero-coupon bond with a five-year tenure.

Both issuances are subject to approval from Bangladesh Bank, the Bangladesh Securities and Exchange Commission and other relevant authorities.

In a separate disclosure, IPDC said its board had approved holding an extraordinary general meeting (EGM) to seek shareholders’ approval for amendments to its memorandum and articles of association.

The proposed amendments include adding a provision allowing the company to conduct Islamic Shariah-based financing and investment activities through an Islamic window, subject to regulatory and shareholder approval. It also plans to introduce provisions for forming a Shariah supervisory committee.

The EGM is scheduled for 15 December through a virtual platform, with 19 November set as the record date for determining eligible shareholders.

Nine-month profit rises 35%

IPDC Finance reported a 35% year-on-year increase in net profit to Tk35.4 crore in January-September 2026, supported by higher operating income and cost management.

Earnings per share rose to Tk0.82 from Tk0.61 in the same period last year, according to a company press release.

Gross interest income increased 5.3% to Tk749.1 crore, while interest expenses declined 0.3% to Tk561 crore. Consequently, net interest income grew 26.6% to Tk188 crore.

Investment income rose 24.2% to Tk116.3 crore, while commission and brokerage income increased 13.5% to Tk12.1 crore.

Total operating income reached Tk319.8 crore, up 25.9% from the corresponding period of 2025. In the third quarter alone, operating income increased 20.7% year-on-year to Tk113.4 crore.

Interest income from its core lending business accounted for 62% of total operating income, the company said.

As of 30 September 2026, loans, advances and leases stood at Tk7,578.6 crore, up 1.6% from December 2025. Deposits increased 9.1% to Tk6,790.9 crore, while the investment portfolio expanded 46.1% to Tk1,556.4 crore.

The company said it had maintained adequate provisions against potential risks to protect its balance sheet.

Rizwan Dawood Shams, managing director of IPDC Finance, said, “Our results reflect stronger operating momentum, disciplined cost management and a deliberate focus on balance-sheet resilience. As IPDC approaches its 45th anniversary, we believe sustainable growth is built on a careful balance between performance, prudent risk management, and long-term financial resilience.”

“In a changing market environment, our priority remains strengthening our business fundamentals while upholding the trust of those who place their confidence in us. This commitment guides our decisions today and underpins our ambition to create enduring value for all our stakeholders. We invite you to join us as we mark this milestone,” he said.

Established in 1981, IPDC Finance is Bangladesh’s first private-sector finance company and holds an AAA credit rating from the Credit Rating Agency of Bangladesh Limited. It provides financing and deposit services to corporate clients, SMEs and retail customers.

Source: The Business Standard