Published at: The Financial Express, February 25, 2019
Mominul Islam, Managing Director and CEO of IPDC Finance Limited has won the ‘Outstanding CEO Award’ by ADFIAP (the Association of Development Financing Institution in Asia and the Pacific) at an award ceremony held in Muscat, Oman on 20th February, 2019.
The ADFIAP’s ‘2019 Outstanding CEO’ award seeks to recognise dynamic chiefs of development financial institutions (DFIs) who have contributed to the development of their respective organizations in their respective countries.
ADFIAP, founded in 1976, is the largest and most prestigious aggrupation of development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. It counts among its 91 members in 36 countries, the Asian Development Bank (ADB), which is a Special Member of the Association. The ADB is a founding member of the World Federation of Development Financing Institutions comprising of similar associations in Africa, Europe, Latin America and the Middle East, and a non-governmental organization in consultative status with the United Nation’s Economic and Social Council. The permanent secretariat of ADFIAP is based in Manila, Philippines.
Under his leadership, IPDC’s Asset has grown from BDT. 4,325 million to BDT. 44,325 million, Revenue has grown from BDT. 266 million to BDT. 1,875 million, Human Resource from 95 to 599 and finally the NPL went down stunning everyone from 13.04% to 2.14%.
As the youngest CEO, in the financial sector of the country, he tuned IPDC to become from the phase of crisis to become one of the strongest NBFIs in Bangladesh. Under his regime from 2011 -2018, IPDC attained a complete transformation by growing its business ten fold and reducing the NPL to one of the lowest in the country from one of the highest.
Appropriate organizational capability was built in the HR, distribution, IT and brand to make this revolution a success. Such evident progress called for a successful rebranding, today it is IPDC striving to be the most passionate financial brand, to let people, Live Unbound.