Peoples Leasing & Financial Services
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.
- Company typePublic
- Founded1996
- HeadquartersDhaka, Bangladesh
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
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.
Peoples Leasing & Financial Services firmographics
Firmographics- 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
Peoples Leasing & Financial Services industry classification
Industry- 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
Where Peoples Leasing & Financial Services is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices1 record
Markets served
Peoples Leasing & Financial Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Corporate Lending: Syndicate finance, short-term loans, long-term loans, home loans, and agro-based finance for corporate clients
- SME Lending: SME finance, lease finance, sale and lease back, term loans, project finance, factoring, women entrepreneur loans
- Consumer Lending: Loan against deposit products for consumer customers
- 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
- Merchant Banking (Subsidiary): PLFS Investments Limited (83% owned subsidiary) conducts merchant banking activities and capital market services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Short Term Deposit - 3 months tenure |
| Subscription | Pay-as-you-go | Term Deposit - 6 months tenure |
| Subscription | Pay-as-you-go | Annual Profit Term Deposit - 1 year tenure |
| Subscription | Pay-as-you-go | Cumulative Profit Term Deposit - 2-3 years |
| Subscription | Monthly | Monthly Earner Deposit - 1 year tenure |
| Subscription | Pay-as-you-go | Quarterly Earner Deposit - 1 year tenure |
| Subscription | Monthly | Deposit Pension Scheme - 3/4/5/8/10 years |
| Subscription | Pay-as-you-go | Double Money Deposit - 6 years tenure |
| Subscription | Pay-as-you-go | Double Money Deposit (Senior Citizen) - 5 years 10 months |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Peoples Leasing & Financial Services product offering
Product offeringCore 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
Companies that use Peoples Leasing & Financial Services
Customer profileSegments3 records
Ideal customer profiles3 records
Peoples Leasing & Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Peoples Leasing & Financial Services partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PLFS Investments LimitedcoreWholly-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
Peoples Leasing & Financial Services competitors and assessment
Company assessmentDirect 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
Peoples Leasing & Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peoples Leasing & Financial Services leadership team
Management profileNumber of profiles
Profiles7 records
Peoples Leasing & Financial Services subsidiaries and ownership
Company hierarchySubsidiaries1 record
Peoples Leasing & Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peoples Leasing & Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peoples Leasing & Financial Services
What does Peoples Leasing & Financial Services do?
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.
Is Peoples Leasing & Financial Services a public or private company?
Peoples Leasing & Financial Services is a public company. It is classified as public and is currently operating.
When was Peoples Leasing & Financial Services founded?
Peoples Leasing & Financial Services was founded in 1996. It employs 251 to 500 people.
Where is Peoples Leasing & Financial Services based?
Peoples Leasing & Financial Services is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Peoples Leasing & Financial Services make money?
Five revenue lines are on record. Corporate Lending is the primary driver. The others are SME Lending, consumer Lending, deposit Mobilization and merchant Banking (Subsidiary).
Who are Peoples Leasing & Financial Services's main competitors?
Direct peers on record are United Finance Limited, FAS Finance & Investment Limited, Industrial and Infrastructure Development Finance Company (IIDFC), Bay Leasing & Investment Limited, Delta Brac Housing Finance Corporation (DBH), IDLC Finance Limited, LankaBangla Finance Limited, Premier Leasing & Finance Limited and Phoenix Finance & Investments Limited. Bangladesh Bank (Central Bank) is listed as a broad incumbent.
Does Peoples Leasing & Financial Services have an API?
No public API is recorded for Peoples Leasing & Financial Services.
What industry is Peoples Leasing & Financial Services in?
Peoples Leasing & Financial Services's product category is Non-Banking Financial Services. Its primary akta.pro industry code is FSAKAGAJ, SME Lending Platforms & Embedded SME Credit, with a secondary code of FSAKAGAF, Equipment & Asset Finance (SME). Its NAICS code is 5222 and its SIC code is 6159.