IPDC Finance logged Tk 50.3 crore in profits for the January-September this year, a 13 per cent increase year-on-year, according to a press release.

The country's first private sector non-bank financial institution (NBFI) ended the third quarter of 2020 with an all-time high liquidity of Tk 825.9 crore, which it terms "enough to meet its short-term obligations".

"The IPDC was able to achieve this feat due to good corporate governance, proactive planning and by taking responsibility of customers, employees and the community," said Managing Director and CEO Mominul Islam.

Islam was speaking at IPDC's "Investors Meet", held virtually on November 15 to discuss financial highlights, benchmarks and the NBFI's key strategies for the future.

The IPDC maintained good capital amid the ongoing Covid-19 pandemic and also registered growth with net profit by setting aside adequate provisioning in anticipation of difficult times ahead.

Despite the Covid-19 fallouts, the IPDC has outperformed itself compared to that in the same period last year, Islam said.

In 2020, the company's customer deposits increased 20.5 per cent to Tk 4,278 crore from that at the end of December last year, the company said in its press release.

Its loans, advances and leases increased by nearly 1 per cent to Tk 5,105 at the end of September this year from that of December 2019.

The NBFI's classified loan ratio was 1.59 per cent, the lowest amongst listed diversified NBFIs in the sector, it added.

Meanwhile, its revenue grew 29 per cent year-over-year to Tk 1,987 crore in the January-September period compared to that a year ago.

Islam emphasised on his company's technology-enabled, socially responsible business models that focus on cottage, micro, small and medium enterprises (CMSMEs), women and young entrepreneurs and lower middle-income households outside Dhaka and Chattogram.

Islam also said the IPDC would continue to support businesses in need, especially the CMSMEs, since they comprised the largest segment of the economy in terms of employment opportunities they generated and their contribution towards the GDP.

The IPDC launched an SME Bondhu package to help disburse Tk 70 crore from the government's stimulus package as per instructions from Bangladesh Bank, he added.