Anis leaves IDLC, to join new company soon
Tuesday, 31 March 2009
Raihan M Chowdhury
Mr Anis A Khan, a top corporate professional has decided to end his six year’s service with IDLC Finance Ltd, country's largest non-banking financial institution.
"I am going to join the top post of a private commercial bank soon subject to the approval from the Bangladesh Bank," Mr Anis told The FE in an interview Sunday.
He joined the IDLC as its chief executive officer and managing director on April 1,2003.
He said he loves new challenges, new environment and the departure from IDLC is the testimony to that vision only.
"I am happy as IDLC witnessed a robust growth in all aspects during my tenure and hope to see further growth of the company," he said.
"Over the last six years, IDLC has been transformed into a diversified 'multi-product financial institution' offering leasing, term loans, short-term finance, factoring, syndications, structured finance, merchant banking and capital market products and services including underwriting, IPOs, corporate and financial advisory, mergers and acquisitions advisory, securitisation and bonds/debentures issue advisory, portfolio management, home, auto and personal loans and a range of deposit products," he added.
The company's number of products whopped to 50 against 20 during the 2003 to 2008 period.
Combining emotions and memories of a six year service in the IDLC, Mr Anis said his old area, commercial banking, is a different cup of tea, but he sees it as normal since the new responsibility will broaden his experience.
"Though IDLC was a precious job for me but the new assignment will be as much as gracious…", he commented.
He said the supportive and facilitating role of Bangladesh Bank, Securities and Exchange Commission (SEC) and other stakeholders also helped him achieve thriving growth in all the business areas of IDLC during the last six years.
The company's total assets, operational revenue, profit before tax and net profit whopped 232.54 per cent, 294.81 per cent, 259.20 per cent and 235.84 per cent growths respectively in 2008 against those in 2002.
Similarly, shareholders' equity, year-end market price per share, net asset value per share, market value addition per share, number of shares and market capitalisation thrived 167.22 per cent, 241.13 per cent, 60.33 per cent, 511.33 per cent, 66.67 per cent and 468.55 per cent growths respectively during the same period.
IDLC's earning per share and dividend per share whopped 235.84 per cent and 16.67 per cent respectively in 2008 against 2002.
The company's total assets and operating revenue stood at Tk 17,442 million and Tk 2,618 million respectively in 2008.
The net profit rose to Tk 406 million in 2008.
"IDLC had only two branches when I joined, but now it has as many as 20 branches and offices across the country," Mr Anis said.
The company had only 70 officials in 2002, now it offers rewarding career opportunities to above 400 officials.
Prior to join IDLC, he served the then Grindlays Bank PLC, ANZ Grindlays Bank and Standard Chartered Bank, both in Bangladesh and abroad.
Mr Anis A Khan, a top corporate professional has decided to end his six year’s service with IDLC Finance Ltd, country's largest non-banking financial institution.
"I am going to join the top post of a private commercial bank soon subject to the approval from the Bangladesh Bank," Mr Anis told The FE in an interview Sunday.
He joined the IDLC as its chief executive officer and managing director on April 1,2003.
He said he loves new challenges, new environment and the departure from IDLC is the testimony to that vision only.
"I am happy as IDLC witnessed a robust growth in all aspects during my tenure and hope to see further growth of the company," he said.
"Over the last six years, IDLC has been transformed into a diversified 'multi-product financial institution' offering leasing, term loans, short-term finance, factoring, syndications, structured finance, merchant banking and capital market products and services including underwriting, IPOs, corporate and financial advisory, mergers and acquisitions advisory, securitisation and bonds/debentures issue advisory, portfolio management, home, auto and personal loans and a range of deposit products," he added.
The company's number of products whopped to 50 against 20 during the 2003 to 2008 period.
Combining emotions and memories of a six year service in the IDLC, Mr Anis said his old area, commercial banking, is a different cup of tea, but he sees it as normal since the new responsibility will broaden his experience.
"Though IDLC was a precious job for me but the new assignment will be as much as gracious…", he commented.
He said the supportive and facilitating role of Bangladesh Bank, Securities and Exchange Commission (SEC) and other stakeholders also helped him achieve thriving growth in all the business areas of IDLC during the last six years.
The company's total assets, operational revenue, profit before tax and net profit whopped 232.54 per cent, 294.81 per cent, 259.20 per cent and 235.84 per cent growths respectively in 2008 against those in 2002.
Similarly, shareholders' equity, year-end market price per share, net asset value per share, market value addition per share, number of shares and market capitalisation thrived 167.22 per cent, 241.13 per cent, 60.33 per cent, 511.33 per cent, 66.67 per cent and 468.55 per cent growths respectively during the same period.
IDLC's earning per share and dividend per share whopped 235.84 per cent and 16.67 per cent respectively in 2008 against 2002.
The company's total assets and operating revenue stood at Tk 17,442 million and Tk 2,618 million respectively in 2008.
The net profit rose to Tk 406 million in 2008.
"IDLC had only two branches when I joined, but now it has as many as 20 branches and offices across the country," Mr Anis said.
The company had only 70 officials in 2002, now it offers rewarding career opportunities to above 400 officials.
Prior to join IDLC, he served the then Grindlays Bank PLC, ANZ Grindlays Bank and Standard Chartered Bank, both in Bangladesh and abroad.