IDLC Finance opens eco-friendly branch in Ctg
IDLC Finance, a non-bank financial institution, opened its first environment-friendly branch in Chittagong yesterday.
The new office at the World Trade Centre in Agrabad area has recently received LEED certification for green building in the gold category, the first of its kind in the financial sector of Bangladesh.
The company got the recognition from US-based Green Building Council in commercial interior category.
LEED or Leadership in Energy and Environmental Design is a popular green building certification programme used worldwide. The interior is designed in such a way that 99.74 percent light comes from natural sources in addition to a natural air flow as well as environment-friendly waste management and carbon emission systems.
“IDLC is reaching new milestones. Our new environment-friendly office marks another achievement as the most sustainable financial brand of Bangladesh,” said Aziz Al Mahmood, chairman of IDLC Finance, who inaugurated the branch.
Arif Khan, managing director of IDLC Finance, said: “We are proud to open our branch at this vital location and believe to serve our stakeholders more efficiently.”
The $50 billion export target of the garment sector would be achieved by setting up more environment-friendly factories, he added.
The IDLC Group is a leading financial institution with more than Tk 7,700 crore in assets. Its net profit was Tk 134 crore until September last year.
It employs 1,400 in its 34 branches across the country. IDLC Finance, the group's parent company, maintains equal focus on SME, consumer and corporate segments.
IDLC Finance, which was listed on the stockmarket in 1992, also has three subsidiaries -- IDLC Securities, IDLC Investments and IDLC Asset Management -- to carry out stock brokerage, merchant banking and asset management activities.
On the Dhaka Stock Exchange yesterday, each IDLC share traded between Tk 59.1 and Tk 61 before closing at Tk 59.9.
Sponsors hold a 59.66 percent stake in the company, institutions 21.88 percent, foreign investors 4.25 percent and general public the remaining 14.21 percent, according to DSE. PHP Group Director (Finance) Ali Hossain and BSRM Group Director (Finance) Zohair Taherali also spoke at the function.
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