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BDFINANCE

All Eps Dividend Board Agm Q1 Q2 Q3

BDFINANCE 05-Oct-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 06.10.2020 to 07.10.2020. Trading of the shares of the Company will remain suspended on record date i.e., 08.10.2020.

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): Management has also decided to continue making provision to cover the full amount of investment over the years in phases and with that end in view to make provision @10% during next two years, @15% during 4th and 5th year and @ 20% during 6th and 7th year if the present situation of recoverability exists. (end)

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): the appointment of Administrator by Bangladesh Bank and involvement of Bangladesh Bank in taking care of the affairs of ILFSL for the interest of the investors, the management of Bangladesh Finance And Investment Company Limited reasonably believes that there is still no significant risk in realization of the investment made with ILFSL. However, as accounting prudent measure, 10% provision has been made on the total value of the investment in this year. (cont. 6)

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): to us that they could continue to pay interest had there not been Pandemic situation which appears to us as convincing. We are in constant communication /correspondence with ILFSL management and they have made firm commitment to us to repay the amount. Bangladesh Bank has already taken necessary measure to overcome their stressed situation. Considering the recent trends and efforts of ILFSL to continue paying interest, (cont. 5)

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): Administrator to take over the operation of ILFLS and ensure safeguard of assets so that the investors' funds remain secured. ILFLS continued to pay interest fully up to December 2018. Although irregular, they continued to pay and paid 50% of the interest for the year 2019. We have received interest in February 2020 also which indicates positive approach and intention of ILFSL towards investors' funds. They ILFLS explained their situation (cont. 4)

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): FDR with NBFIs as at 31-Dec-19 was BDT 200,000,000 & as at 31-Dec-18 was BDT 200,000,000. FDR with NBFIs represents investment in short term deposits with International Leasing & Financial Services Ltd. (ILFSL) of Tk. 200,000,000 on 3 and 6 months auto renewable terms made in years 2017 and 2018 with the objectives of ensuring continuous flow of earnings. Due to the recent financial troubles, Bangladesh Bank has appointed (cont. 3)

BDFINANCE 08-Sep-2020

(Continuation news of BDFINANCE): with International Leasing and Financial Services Limited (ILFSL) in the backdrop of involvement of Bangladesh Bank by appointing Administrator in ILFSL to run its operation and affairs smoothly. The Management has also decided to start making provision from the current year with commitment to do so till full provision is made over the years, if the present situation of recoverability exists. Note-4.1 Balance with other Banks and Financial institutions: (cont. 2)

BDFINANCE 08-Sep-2020

The auditor of Bangladesh Finance and Investment Company Limited has given the following Emphasis of Matter in the audit report of the Company prepared for the year ended on 31 December 2019. Emphasis of Matter: Without qualifying our audit opinion, we draw attention to the following matter: In Note # 4.1 to the Financial Statements the management has elaborately disclosed and clarified the status of the recoverability of investments made in the form of FDRs of Tk. 200,000,000 (cont. 1)

BDFINANCE 07-Sep-2020

The Company has informed that Mr. Md. Kyser Hamid has been appointed as Managing Director & CEO of the Company with effect from September 02, 2020.

BDFINANCE 01-Sep-2020

(Q2 Un-audited): Consolidated EPS was Tk. 0.12 for April-June 2020 as against Tk. 0.18 for April-June 2019; Consolidated EPS was Tk. 0.46 for January-June 2020 as against Tk. 0.23 for January-June 2019. Consolidated NOCFPS was Tk. 2.13 for January-June 2020 as against Tk. (0.53) for January-June 2019. Consolidated NAV per share was Tk. 16.83 as on June 30, 2020 and Tk. 16.37 as on December 31, 2019.

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