FAS Finance & Investment

What FAS Finance & Investment does

FAS Finance & Investment Limited (FFIL) is a Bangladesh-based Non-Banking Financial Institution (NBFI) and licensed Merchant Banker that provides corporate, SME, retail, and capital market financial services. Incorporated on 4 March 1997 and listed on the Dhaka Stock Exchange and Chittagong Stock Exchange since January 2008, the company operates through four branches (Dhaka Head Office, Dhaka Principal Branch, Chattogram, Sylhet, and Narsingdi) and distributes deposit and loan products online via its website. Its service portfolio spans corporate finance (lease financing, term loans, project financing, short-term revolving loans), structured finance (syndication, advisory, securitization), SME finance (including women entrepreneur loans at 10% and green financing), retail finance (home, auto, personal, and TDR-backed loans), deposit products (term, cumulative, monthly, double/triple money schemes), treasury operations, and capital market services delivered through its wholly-owned subsidiary FAS Capital Management Limited (FCML).

The company generates revenue primarily through recurring interest income on its lease and loan book, supplemented by transaction fees from underwriting, issue management, corporate advisory, documentation charges, processing fees, and merchant banking commissions. Its 2023 launch of FinUltimus, a core financial solution platform, suggests an intent to digitize and integrate lending, deposit, and merchant banking operations. The company carries paid-up capital of Tk 1,229.25 million against authorized capital of Tk 2,100 million.

FFIL's customer base is broad and segmented across corporate houses, SMEs (including women entrepreneurs and green projects), retail individuals, and public-issue issuers through FCML. Its go-to-market is sales-led and relationship-driven, executed through branch-based field sales, an online application portal for retail products, and a dedicated investor relations department for institutional clients. The October 2024 appointment of a new Chairman, Major General Md. Anwarul Islam (Retd.), explicitly tasked with reviving the organization, signals a strategic inflection point following a long period of static branch footprint and limited disclosed capital action since the 2013 rights issue.

Name

FAS Finance & Investment

Legal name

FAS Finance & Investment Limited

Website

https://fasbd.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

FAS Finance & Investment Limited is a Bangladesh-based NBFI and licensed Merchant Banker that provides corporate, SME, retail lending, deposit products, and capital market services through four branches and merchant banking subsidiary FCML.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Miscellaneous Business Credit Institution (6159), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), Equipment & Asset Finance (SME) (FSAKAGAF), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Non-banking financial services
• Lease financing
• Merchant banking services
• SME lending
• Corporate lending

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Lease Financing: FFIL provides lease financing for capital machinery acquisition with 3-5 year tenures, earning rental income through monthly or quarterly payments. Legal ownership remains with FFIL throughout the lease period.
2. Term Loan Financing: Short and long-term financing for business expansion and modernization, offered for 1-5 years typically repaid in equal monthly/quarterly/yearly installments.
3. Home Loan: Residential and commercial property financing with competitive interest rates, providing up to 70% of purchase price or 80% of construction cost.
4. Underwriting Services: FFIL through subsidiary FCML underwrites un-subscribed portions of shares/debentures from public issues, earning underwriting commissions. FCML has underwritten more than 63 IPOs and right share issues.
5. Issue Management: Managing IPOs, repeat public offerings, right shares, and book building method listings for corporate clients.
6. Fee-based Services: Documentation fees (BDT 5,000+VAT), processing fees (up to 1%+VAT), service charges (up to 1%+VAT), late payment fees (2-3% above lending rate), and advisory fees (up to 1% of facility amount+VAT).
7. Deposit Mobilization: FFIL collects public deposits through various deposit schemes including term deposits, cumulative profit schemes, monthly profit earner schemes, and double/triple money programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

FAS Finance & Investment Limited is a Bangladesh-based Non-Banking Financial Institution (NBFI) and Merchant Banker offering a comprehensive suite of financial products including lease financing, term loans, project financing, SME finance (women entrepreneur loans, green finance, factoring), retail finance (home, auto, personal loans), deposit schemes, treasury operations, and capital market services (portfolio management, margin loans, underwriting, issue management, corporate advisory) through its subsidiary FCML.

Product overview

FAS Finance & Investment Limited (FFIL) operates as a Non-Banking Financial Institution (NBFI) in Bangladesh, offering a comprehensive suite of financial products and services through multiple divisions. The core offerings include Corporate Finance (lease financing, term loans, project financing), Structured Finance (syndication, advisory, securitization), SME Finance (specialized loans for small businesses, women entrepreneurs, green financing), Retail Finance (home loans, auto loans, personal loans), and Capital Market Services through its subsidiary FCML (portfolio management, margin loans, issue management, underwriting). The company recently launched FinUltimus as its core financial technology platform. Deposit products include various term deposit schemes and profit programs. Treasury operations support liquidity management through call money and treasury line finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Finance Corporate Finance division providing lease financing, term loans, project financing, short-term revolving loans, and specialized products for local and multinational corporate houses in Bangladesh.
• Lease/Sale & Lease Back Financing Asset-backed financing for acquiring new machinery or releasing funds from existing assets. Lease financing covers up to 100% of acquisition cost with 3-5 year tenure; Sale & Lease Back transfers ownership of existing assets to FFIL with legal ownership retained throughout the lease period.
• Term Loan Financing Short and long-term financing for business modernization, expansion, and long-term permanent working capital needs with 1-5 year repayment periods in monthly/quarterly/yearly installments.
• Project Financing Fixed cost project financing for new unit setup or capacity expansion, including building construction, capital machinery procurement, and mixed financial solutions with 1-7 year tenure.
• Short Term Loan (Revolving) Working capital financing facility with 1-year tenure, revolving drawdown options, and monthly or quarterly interest payments on outstanding amounts.
• Structured Finance Structured finance services including fund raising through syndication, private placement, and foreign currency loans; advisory services for M&A and joint ventures; and asset securitization.
• SME Finance Financial products specifically designed for small and medium enterprises including lease financing, term loans, revolving loans, factoring, work order financing, women entrepreneur loans, and green financing.
• Factoring Alternative working capital finance providing up to 80% of invoice value for supply of goods/services, with 45-180 days credit term and revolving short-term financing.
• Short Term Loan Against Work Order Short-term financing facility against work orders from reputed corporations and multinational companies, covering up to 70% of total work order value.
• Women Entrepreneur Loan Term loan facility for women-operated small and medium enterprises ranging from Taka 5 Lac to 50 Lac, with collateral-free loans up to Taka 15 Lacs at 10% interest rate.
• Green Finance Environment-friendly financial products aligned with Bangladesh Bank's Green Banking Policy, financing projects like tunnel kilns, effluent treatment plants, waste recycling, biogas, and solar systems.
• Home Loan Home loan facility for purchasing apartments, houses, commercial spaces, housing plots, construction, renovation, or equity loans against property mortgage with competitive interest rates providing up to 70% of purchase price or 80% of construction cost.
• Auto Loan Car loan facility for purchasing new and reconditioned vehicles with maximum 5-year tenure, equal monthly installments, and competitive interest rates. No personal guarantee required.
• Personal Loan for Professionals Personal loan for professionals (doctors, engineers, architects, IT professionals) ranging from Taka 50,000 to 10,00,000 with 1-5 year repayment tenure and no early settlement fees.
• Loan Against TDR Emergency financing facility against deposited funds, enabling immediate financial needs at competitive interest rates.
• Deposit Products (FFIL Term Deposit Schemes) Various deposit schemes including term deposits, cumulative profit schemes, monthly profit earner schemes, earn-ahead fixed deposits, and double/triple money programs offering attractive returns for retail and institutional depositors.
• FFIL Cumulative Profit Scheme Annual cumulative profit scheme where yearly profits are capitalized for compound growth with 80% loan facility against term deposit and no renewal hassle.
• Capital Market Services (through FCML subsidiary)
• Issue Management IPO, RPO, right shares, and book building method share/bond issuance management services through FCML.
• Underwriting Underwriting services for public and right issues of shares and debentures, having underwritten over 63 IPO and right share issues through FCML.
• Margin Loan Facility Margin loan facility provided at 1:0.5 ratio (as per BSEC directives) to increase investment flexibility and portfolio diversification for securities traders.
• Corporate Advisory Services Financial and strategic advisory services including capital structuring, cost optimization, growth drivers, capital raising, M&A, and economic/financial modeling for corporate clients.
• Fund Raising Services Large-scale financing solutions including syndication, private equity placement, project/infrastructure finance, foreign-currency loans, and special fund arrangements.
• Advisory Services (M&A, Joint Ventures) Professional advisory for merger and acquisition activities, joint-venture partner matchmaking, and feasibility studies for new business ideas.
• Securitization of Assets Process of combining individual assets into financial instruments and selling debt tiers to investors for accessing larger funding for expansion projects.
• FinUltimus Core Financial Solution Platform Complete core financial solution platform launched for FAS Finance & Investment Limited (FFIL), serving as the technology backbone for the company's financial operations and integration.

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Election Commission of Bangladesh (EC)coreStrategic or Co-development Partner · 10 July 2018FAS Finance & Investment Limited signed an agreement with the Election Commission NID Registration Cell to verify National ID cards. Managing Director & CEO Pritish Kumar Sarker and Joint Secretary & Director (Operations) Md. Abdul Baten of NID Registration Cell signed the agreement on behalf of their respective organisations. This partnership enables FFIL to verify customer identities through the national ID database.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Industrial and Infrastructure Development Finance Company (IIDFC): Bangladeshi financial institution focused on infrastructure and industrial project financing plus lending. Comparable as a non-bank lender in the Bangladeshi market and a known syndication participant.
• Prime Finance & Investment Limited: Bangladeshi NBFI offering term loans, lease financing, deposits, and merchant banking services through subsidiaries. Directly comparable product set and target customers.
• LankaBangla Finance Limited: Leading Bangladeshi NBFI with similar diversified lending, deposit mobilization, and subsidiary-based merchant banking services; competes directly in corporate, SME, and retail segments.
• National Housing Finance and Investment Limited (NHFIL): Bangladeshi housing-focused NBFI providing home loans and deposit products. Comparable in scale and target retail/housing segment, though more narrowly focused than FFIL.
• IDLC Finance Limited: Bangladesh's largest NBFI and merchant banker, offering corporate, SME, retail, and capital market services. Closest comparable in product breadth and dual-license structure, but materially larger scale.
• United Finance Limited: Mid-sized Bangladeshi NBFI providing corporate, SME, and retail lending plus deposit products. Comparable in scale and product mix, with similar branch-led distribution.
• Phoenix Finance & Investments Limited: Bangladeshi NBFI providing lease, term loans, and deposit schemes. Comparable small-scale NBFI in Bangladesh with overlapping customer base of SMEs and retail depositors.
• Delta Brac Housing Finance Corporation (DBH): Specialized housing finance NBFI in Bangladesh, directly comparable for FFIL's home loan and home-equity lending products within a similar regulatory and market context.
• Bay Leasing & Investment Limited: Small-to-mid Bangladeshi NBFI focused on lease financing, term loans, and deposits. Comparable in size, scope, and lease-financing-heavy product mix.

Broad incumbents

• BRAC EPL Stock Brokerage Limited (and broader BRAC finance ecosystem): Larger Bangladeshi capital markets and financial services player; relevant as a broader incumbent in merchant banking, brokerage, and asset management — overlapping with FFIL's FCML-driven capital markets business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/faslimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 FAS Finance & Investment