IPDC Finance Limited conducted its Q1’21 Investors Meet to discuss the financial highlights, benchmarks, and key strategies ahead. The session, which was conducted virtually on Tuesday, declared IPDC’s record revenue despite the second wave of the pandemic.
The session was attended by investors, industry experts both from home and abroad, stakeholders, and a wider audience through Facebook live from the company’s official page.
The session was presented in IPDC’s official Facebook page by it’s Managing Director and CEO, Mominul Islam. Besides sharing the Q1’21 financial highlights, the session also covered the company’s future strategy post COVID-19. While presenting, Mominul Islam emphasized on the technology enabled and socially responsible business models focusing on cottage, micro, small and medium enterprises (CMSMEs) and women and young entrepreneurs, and lower-middle income households outside Dhaka and Chittagong, which remains the cornerstone for its sustained growth and profitability even during a very difficult period.
IPDC has achieved such triumphs as it maintains good corporate governance, proactively maps out its strategies, and takes responsibility of its customers, employees, and the community which it serves. As of first quarter of 2021, IPDC’s customer deposit has increased by 9.2 times over the course of the last five years due to its innovative deposit campaigns. Quarterly Revenue has grown by 6.4 times compared to the first quarter of 2016 while its classified loan ratio of 0.95% remains the lowest in the sector amongst the publicly listed diversified NBFIs.
Despite the second wave of the pandemic, IPDC has outperformed its own performance compared to the same period last year. It has maintained a strong capital base with a capital adequacy ratio of 16.78%.
