Bangladesh Industrial Finance Co

What Bangladesh Industrial Finance Co does

Bangladesh Industrial Finance Company Limited (BIFC) is a Dhaka-headquartered, publicly listed Non-Bank Financial Institution (NBFI) operating under a Bangladesh Bank license. Founded in 1996 and licensed in 1998, BIFC serves corporate clients, SMEs, and individual/retail customers in Bangladesh through a three-branch network spanning Dhaka (Gulshan headquarters and Uttara), Chittagong, and Narayanganj — the country's three principal commercial-industrial corridors. The company's revenue mechanics are typical of an NBFI: it raises funds through nine distinct deposit schemes (TDRs, monthly/quarterly income plans, double/triple benefit deposits, Kotipati savings, and student plans) and deploys them into lease financing, term loans, factoring, work-order financing, working capital loans, revolving credit, project and syndication finance, real estate finance, and SME/agriculture/women's enterprise loans. BIFC was originally promoted as a joint venture between foreign and local sponsors and listed on the Dhaka and Chittagong Stock Exchanges via IPO in August 2006 (ticker: BIFC).

BIFC's go-to-market is sales-led and relationship-driven, with corporate clients served through dedicated account management at each branch, SME borrowers through specialized SME finance centers, and retail customers through deposit-taking and personal loan counters. The product portfolio is broad — covering corporate finance, personal finance (salary, car, loan-against-TDR, home), SME finance, and home loans (construction, purchase, renovation) — with deposit tenors ranging from 3 months to 20 years and lending terms from short-term factoring to 10-year real estate finance. Pricing follows standard NBFI conventions: TDR rates of 10.00-11.75% p.a., Income First deposits at 9.75-11.25% p.a., and competitive (undisclosed) lending spreads.

Technology and operational infrastructure are described as standard NBFI technology for lease financing, loan management, and deposit operations, with no disclosed proprietary systems, AI/ML capabilities, mobile applications, APIs, or digital onboarding channels. The company is led by Chairman Mr. Ikteder Ahmed (nominated by Merrill & Forbes Inc, elected November 2023) and Mr. Md. Anwarullah Sadeq as Managing Director (Current Charge since July 2023). Shareholding is split among Sponsors/Promoters & Directors (38.35%), Institutional investors (39.5%), and Public shareholders (22.15%). Long-term credit rating was recently downgraded from A to B with ST-5 short-term rating, Stable outlook. The branch footprint has not expanded since 2011, and no M&A, partnerships, or new funding rounds beyond the 2014 rights share permission have been disclosed.

Name

Bangladesh Industrial Finance Co

Legal name

Bangladesh Industrial Finance Company Limited

Website

https://bifcol.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Bangladesh Industrial Finance Company Limited is a Dhaka-headquartered, publicly listed NBFI licensed by Bangladesh Bank that provides lease financing, term loans, SME finance, personal/home loans, and deposit schemes to corporate, SME, and retail customers through three branches in Bangladesh.

Ownership category

akta.pro rank

Product category

Non-Bank Financial Services

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSABABAA

General SME & Middle-Market Commercial Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSABABAF

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSAKAGAD

Merchant Cash Advance (MCA) & Revenue-Based Financing

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Non-bank financial services
• Lease financing
• Term loan products
• SME financing
• Deposit schemes

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Lease Finance: Lease financing for capital machinery, factory equipment, vehicles, medical equipment, and other assets. Term typically ranges from 3 to 5 years with monthly rentals. Provides tax advantages and off-balance-sheet funding to clients.
2. Term Loans: Term loans available to establish projects or expand businesses for 3 to 5 years at competitive interest rates. Includes project finance and syndicated finance facilities.
3. Short-term Financing: Factoring (loan against receivables), work order financing, revolving loans, and working capital loans to address short-term fund requirements.
4. Personal Loans: Salary loans, car loans, and loans against term deposits for individual customers.
5. SME Financing: Loans for cottage, micro, small, and medium enterprises including agriculture loans and women's enterprise loans.
6. Home Loans: Real estate financing for 3 to 10 years for individuals (house/apartment purchase or construction), professionals (office space), and corporates (residential/commercial projects).
7. Deposit Products: Various deposit schemes including Term Deposit Receipt (TDR), Income First Deposit, Monthly Savings Scheme, Kotipati Scheme, and others that provide funds for lending operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Bangladesh Industrial Finance Company Limited (BIFC) is a Non-Bank Financial Institution (NBFI) that provides a comprehensive suite of lending and deposit products. Its core offerings include lease financing, term loans, project and syndication finance, factoring, working capital, and revolving credit for corporate clients; SME loans covering cottage, micro, small, medium, agriculture, and women-owned enterprises; personal finance products such as salary loans, car loans, and home loans; and a portfolio of retail deposit schemes including Term Deposit Receipts, monthly and quarterly income deposits, double/triple benefit deposits, savings schemes, and the long-term Kotipati scheme.

Product overview

Bangladesh Industrial Finance Company Limited (BIFC) is a Non-Bank Financial Institution (NBFI) that offers a comprehensive suite of financial products and services. The portfolio includes Corporate Finance products (Lease Finance, Term Loans, Equity Support, Real Estate Finance, Short Term Loans including Factoring and Working Capital, Revolving Loans, Syndication Finance, and Project Finance), Personal Finance products (Salary Loans, Car Loans, Loans against TDR, and Home Loans covering building construction, flat purchase, and renovation), SME Finance solutions (Cottage, Micro Enterprise, Small Enterprise, Medium Enterprise, Agriculture, and Women's Enterprise Loans), and various Deposit Schemes (Term Deposit Receipt, Income First Deposit, Monthly/Quarterly Income Deposits, Double/Triple Benefit Deposits, Monthly Savings Scheme, Kotipati Scheme, and Student Savings Scheme). BIFC operates as a traditional financial services company providing leasing, lending, and deposit-taking services through its branch network in Bangladesh.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Finance Contractual arrangement where clients use an asset (capital machinery, factory equipment, vehicles/transport, medical equipment, lifts/escalators, generators, water transport, and other equipment) by paying mutually agreed rent over a typical 3-5 year term. Provides tax advantages and off-balance-sheet funding to corporate clients.
• Term Loan

Quantifiable outcome

• Over 27 years of service since 1998
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves14 records

Expansion highlights4 records

Direct peers

• IDLC Finance Limited: One of the largest and most established NBFIs in Bangladesh, offering similar lease financing, term loans, SME finance, and deposit products. Directly comparable in product offerings, customer segments, and regulatory framework.
• LankaBangla Finance PLC: Prominent Bangladeshi NBFI providing lease financing, term loans, SME finance, and corporate banking services. Direct competitor with overlapping customer base and product portfolio.
• IPDC Finance Limited: Earlier-generation Bangladeshi NBFI offering corporate finance, SME loans, and deposit schemes. Directly comparable in business model and target SME/corporate segment.
• United Finance Limited: Bangladeshi NBFI offering similar lease financing, term loans, and deposit products. Comparable in scale and customer segmentation, notably in SME and corporate finance.
• National Housing Finance and Investment Limited (NHFIL): Bangladeshi housing-finance focused NBFI; one of BIFC's Independent Directors previously served as MD here. Comparable structure and regulatory profile as a Bangladesh Bank-licensed NBFI.
• Phoenix Finance & Investment Limited: Smaller Bangladeshi NBFI providing lease financing and loans; BIFC's current MD previously served here. Comparable in NBFI positioning and product set.
• Premier Leasing and Finance Limited: Bangladeshi NBFI focused on leasing and finance; BIFC's current MD also previously served here. Comparable in NBFI lease/loan offerings.
• MIDAS Finance Limited: Bangladeshi NBFI offering lease financing and SME loans; BIFC's Independent Director previously served as MD here. Comparable size and product portfolio.
• BD Finance Limited: Bangladeshi NBFI providing lease and term financing; BIFC's Independent Director previously served here. Comparable structure and NBFI focus.

Emerging players

• Delta Brac Housing Finance Corporation (DBH): Bangladeshi housing-finance NBFI; competes with BIFC's home loan and real estate financing portfolio but with a more focused housing finance orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bifc2016

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangladesh Industrial Finance Co