Peoples Leasing & Financial Services

What Peoples Leasing & Financial Services does

People's Leasing & Financial Services Limited (PLFSL) is a Bangladesh-licensed non-banking financial institution (NBFI) incorporated in 1996 and headquartered in Dhaka. Operating under the Financial Institutions Act-1993 and regulated by Bangladesh Bank, PLFSL runs three business divisions: Corporate (syndicate finance, short/long-term loans, home loans, agro-based finance), SME (SME finance, lease finance, sale-and-lease-back, term loans, project finance, factoring, women entrepreneur loans, and Bangladesh Bank refinancing), and Consumer (deposit schemes and loans against deposits). It also holds an 83% stake in PLFS Investments Limited, a merchant bank conducting capital market activities since December 2008.

PLFSL's business model combines deposit mobilization (term deposits at 9.50%-10.25%, monthly/quarterly earning schemes, a Deposit Pension Scheme, and a Double Money Deposit) with asset-side lending across corporate, SME, and consumer segments. Distribution is branch-based across Bangladesh, with relationship managers handling corporate/SME acquisition and an online query form capturing inbound retail interest. The company historically maintained a 251-500 employee base and a diversified product portfolio across deposit, lease, and loan products.

PLFSL has been under court-supervised restructuring since July 12, 2021, following a 2019 Bangladesh Bank liquidation petition and depositor-led counter-litigation. A High Court-appointed board has since recovered approximately Tk 200+ crore, paid Tk 85 crore across multiple installments to roughly 1,800 depositors (with about 1,000 fully repaid), completed seven pending AGMs, resumed share trading on DSE/CSE in March 2024, and restarted secured-lending operations (home, auto, SME loans, BDT 25 crore disbursed under revival plan). The company continues to pursue Tk 1,785 crore in unrecovered dues from four ex-directors and is seeking Tk 7.5 billion in government stimulus for full revival, while Bangladesh Bank's January 2026 announcement to liquidate nine NBFIs (including PLFSL) remains unresolved alongside the court-led restructuring.

Name

Peoples Leasing & Financial Services

Legal name

People's Leasing And Financial Services Limited

Website

https://plfsbd.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Bangladesh-based non-banking financial institution (NBFI) regulated by Bangladesh Bank, offering corporate, SME, and consumer lending alongside deposit mobilization; currently under High Court-supervised restructuring following 2019 financial distress.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services

NAICS

Nondepository Credit Intermediation (5222), Depository Credit Intermediation (5221), Other Activities Related to Credit Intermediation (522390)

SIC

Miscellaneous Business Credit Institution (6159), Finance Services (6199), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

Equipment & Asset Finance (SME) (FSAKAGAF), Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), SME Lending & Working Capital Platforms (FSAGAJAA)

Keywords

• Non-banking financial services
• Corporate lending
• SME financing
• Consumer deposits
• Lease financing

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Corporate Lending: Syndicate finance, short-term loans, long-term loans, home loans, and agro-based finance for corporate clients
2. SME Lending: SME finance, lease finance, sale and lease back, term loans, project finance, factoring, women entrepreneur loans
3. Consumer Lending: Loan against deposit products for consumer customers
4. Deposit Mobilization: Term deposits, savings deposits, and deposit pension schemes from corporate and individual customers. Interest rates range from 9.50% to 10.25% depending on deposit type and tenure
5. Merchant Banking (Subsidiary): PLFS Investments Limited (83% owned subsidiary) conducts merchant banking activities and capital market services

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

PLFSL is a non-banking financial institution (NBFI) that mobilizes deposits from corporate and retail customers and lends to corporate, SME and consumer segments through three product divisions (Corporate, SME, Consumer). It offers term deposits, savings and pension schemes, syndicate finance, short/long-term loans, home and auto loans, SME finance, lease finance, sale-and-lease-back, project finance, factoring, women-entrepreneur loans, and Bangladesh Bank refinancing, with merchant banking services delivered through its 83%-owned subsidiary PLFS Investments Limited.

Product overview

People's Leasing and Financial Services Limited (PLFS) is a non-banking financial institution (NBFI) regulated by Bangladesh Bank, established in 1996. The company operates as a multi-product financial services provider with three primary divisions: Corporate Division (offering syndicate finance, short-term loans, long-term loans, home loans, and agro-based finance), Consumer Division (providing deposit schemes and loans against deposits), and SME Division (supplying SME finance, lease finance, sale and lease back, term loans, project finance, factoring, women entrepreneur loans, and Bangladesh Bank refinancing). The company also maintains a subsidiary, PLFS Investments Limited (83% owned), for merchant banking activities. The institution is currently undergoing court-supervised restructuring following financial difficulties that began in 2019, with new business operations focused on secured lending including home loans, auto loans, and SME loans.

Differentiator

Problem solved

Functional benefit

Products and services

• Short Term Deposit Deposit scheme targeting corporate and individual customers with a 3-month minimum tenure at 9.50% interest, payable at maturity or quarterly.
• Term Deposit Fixed deposit with a 6-month minimum tenure providing competitive interest, payable at maturity or half-yearly.
• Annual Profit Term Deposit 1-year term deposit paying 10.25% interest, payable at maturity or annually.
• Cumulative Profit Term Deposit Term deposit with 2-3 year tenure featuring principal-with-interest auto-renewal.
• Monthly Earner Deposit 1-year deposit scheme with monthly interest payments for customers seeking regular income.
• Quarterly Earner Deposit 1-year deposit scheme paying 10.00% interest quarterly, with principal auto-renewal.
• Deposit Pension Scheme Monthly-instalment savings scheme available in 3/4/5/8/10-year tenures with monthly contributions ranging from BDT 1,000 to BDT 25,000.
• Double Money Deposit 6-year deposit scheme that doubles the principal amount at maturity.
• Double Money Deposit (Senior Citizen) Specialized double-money deposit for senior citizens (60+ years), 5 years 10 months tenure, with additional 0.10% bonus interest and minimum Tk 10,000 deposit.
• Syndicate Finance Corporate financing product for large-scale business ventures requiring syndicated loan arrangements.
• Short Term Loan Short-term financing for corporate clients to meet immediate working capital requirements.
• Long Term Loan Long-term financing solutions for corporate clients for major capital investments and expansions.
• Home Loan Financing for residential property purchase, construction or renovation at competitive rates.
• Agro Based Finance Specialized financing for the agricultural sector including farming equipment, processing and related activities.
• Loan Against Deposit Quick secured loan facility allowing customers to borrow against their existing deposits with the institution.
• Auto Loan Vehicle financing for individuals for purchase of cars and other motor vehicles.
• SME Finance Comprehensive financing solutions for small and medium enterprises covering various business needs.
• Lease Finance Equipment and machinery leasing facilities for SME clients to acquire necessary business assets.
• Sale and Lease Back Arrangement allowing clients to sell existing assets to PLFSL and lease them back for continued business use.
• Term Loan (SME) Medium to long-term financing for SME clients for capital expenditure and business expansion.
• Project Finance Project-specific financing for SMEs undertaking new ventures or expansions with detailed feasibility assessments.
• Factoring Accounts receivable financing allowing SMEs to convert outstanding invoices into immediate cash flow.
• Women Entrepreneur Loan Dedicated financing program supporting women-owned and women-led SME businesses with specialized terms.
• Refinancing from Bangladesh Bank SME loans provided under Bangladesh Bank's refinancing schemes at subsidized rates for priority sectors.
• PLFS Investments Limited (Merchant Banking) Subsidiary registered as a Merchant Bank, 83% owned by PLFSL, conducting capital market activities and investment banking services in Bangladesh, operational since December 2008.

Quantifiable outcome

• Loan recovery of BDT 200+ crore from August 2021 to 2026
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PLFS Investments LimitedcoreOthers · 3 June 1998Wholly-owned subsidiary (83% shareholding) registered under Companies Act 1994 as private limited company on June 3, 1998. Obtained registration from Securities and Exchange Commission as Merchant Bank on August 31, 1999 and commenced operations as Merchant Bank from December 2008. Created to conduct merchant banking activities and play active role in the capital market of Bangladesh.

Scale indicators17 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• United Finance Limited: United Finance is a Bangladeshi NBFI offering corporate and SME loans, deposit schemes, and lease finance, making it a close functional peer to PLFSL in the same regulatory framework.
• FAS Finance & Investment Limited: FAS Finance is a smaller Bangladeshi NBFI with lease finance, corporate loans, and deposit products, comparable in business mix to PLFSL and operating under the same regulatory framework.
• Industrial and Infrastructure Development Finance Company (IIDFC): IIDFC is a government-promoted Bangladeshi NBFI providing term finance, lease, and project financing, overlapping with PLFSL's project finance and corporate term loan offerings.
• Bay Leasing & Investment Limited: Bay Leasing is a small-cap Bangladeshi NBFI offering lease finance, term loans, and deposit products, directly comparable to PLFSL's lease finance and deposit products in the same regulatory framework.
• Delta Brac Housing Finance Corporation (DBH): DBH is a Bangladeshi NBFI specializing in housing finance but also offering deposit and SME products, comparable to PLFSL's home loan and deposit product suite within the same regulatory perimeter.
• IDLC Finance Limited: IDLC is one of Bangladesh's leading non-banking financial institutions offering corporate, SME, and consumer lending plus deposit products, making it the closest listed NBFI peer to PLFSL in scale and product mix.
• LankaBangla Finance Limited: LankaBangla is a major Bangladeshi NBFI providing corporate, SME, and retail financing, deposits, and capital market services through subsidiaries, directly comparable to PLFSL's three-division model.
• Premier Leasing & Finance Limited: Premier Leasing is a Bangladeshi NBFI providing lease finance, SME lending, and deposit products, comparable to PLFSL's core product mix and operating in the same sector currently targeted for NBFI consolidation.
• Phoenix Finance & Investments Limited: Phoenix Finance is a Bangladeshi NBFI with corporate, SME, and consumer lending plus deposit products. Notably, one of PLFSL's court-appointed directors previously served as independent director of Phoenix Finance.

Broad incumbents

• Bangladesh Bank (Central Bank): Bangladesh Bank is the central bank and primary regulator of all NBFIs in Bangladesh, including PLFSL. While not a commercial peer, it sets the refinancing facility, regulatory capital, and oversight framework within which PLFSL operates and is the ultimate counterparty in the current liquidation proceedings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks1 record

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Peoples Leasing & Financial Services