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    IPDC   BD0137IPDC00

IPDC FINANCE LIMITED

(IPDC)
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IPDC Finance : donates Tk 2 crore to PM's Relief and Welfare Fund

06/06/2020 | 11:59pm EDT

IPDC Finance Limited, the first ever private sector financial institution in Bangladesh, contributes Tk 2 crore to Prime Minister's Relief and Welfare Fund.

Chairman of IPDC Finance and former Principal Secretary Md. Abdul Karim handed over the cheque on behalf of IPDC Finance at the Prime Minister's Office recently, according to a press release.

Principal Secretary to Prime Minister Dr. Ahmad Kaikaus accepted the cheque on behalf of the Prime Minister, who joined the handover ceremony herself via video conference and thanked the delegation for coming forward in support of the adversely affected marginal income population.

The press release stated that despite the challenging speculations of the economy, IPDC has been relentlessly working towards helping the society combat the ongoing pandemic.

In association with various trustworthy organisations, IPDC, so far has been providing food and supplies across the country.

IPDC also introduced very timely innovative products and solutions such as Manobota Deposit scheme, wherein IPDC provides one month food supply for an underprivileged family against the deposit of one lakh Taka.

Besides, IPDC enabled working capital of approximately 40 crore Taka for the retailers under IPDC DANA, country's only digital retail financing platform.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2020 2 286 M 27,0 M 27,0 M
Net income 2020 706 M 8,33 M 8,33 M
Net cash 2020 1 665 M 19,7 M 19,7 M
P/E ratio 2020 14,5x
Yield 2020 4,35%
Capitalization 11 133 M 131 M 131 M
EV / Sales 2019 5,07x
EV / Sales 2020 3,75x
Nbr of Employees 581
Free-Float 55,0%
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Managers and Directors
Mominul Islam Chief Executive Officer, Director & MD
Benozeer Ahmed Chief Financial Officer
Muhammad Musa Chairman
Shah Wareef Hossain Chief Operating Officer
Mohammod Ezazul Islam Head-Internal Audit & Compliance
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