IPDC Finance has achieved the status of being the country’s largest non-bank financial institution (NBFI) by market capitalization. Since its rebranding and new growth strategy concentrating on technology, youth, women, and underserved areas, IPDC Finance Limited’s market capitalization has steadily increased.
It has claimed in a statement that it had eclipsed IDLC Finance, the country’s largest NBFI, in terms of market capitalization on Monday. IPDC’s share price was Tk 56.60, and the company’s market capitalization was Tk 21,003 million, whilst IDLC’s was Tk 20,577 million.
IPDC’s market value has increased nearly tenfold in the last seven years. During the same time period, the loan portfolio grew 12 times and the consumer deposit grew 13 times. IPDC is the most valuable corporation, followed by IDLC, Lanka Bangla Finance, and Delta Brac Housing, which are ranked third and fourth, respectively. IPDC’s success, although having less paid-up capital than IDLC, is due to its stellar performance over the last five years. In terms of assets, deposits, revenue, and profit, IPDC has outperformed its peers during this time.
Its market cap has increased nearly tenfold in the last seven years. The loan portfolio has risen 12 times and the client deposit has grown 13 times in the same time period. The most valuable corporation is IPDC, followed by IDLC, Lanka Bangla Finance, and Delta Brac Housing. IPDC’s success is due to its phenomenal performance in the last five years, despite having less paid-up capital than IDLC. In terms of assets, deposits, revenue, and profit, IPDC has outperformed its competitors during this time period.
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