People's Leasing And Financial Services Limited


Date : 2016-09-22

The 20th Annual General Meeting of the People's Leasing and Financial Services Limited was held on Thursday September 22, 2016 at 09.30 a.m. at "RAOWA CONVENTION HALL, ANCHOR, 3rd Floor, VIP Road, Mohakhali, Dhaka -1206". Mr Uzzal Kumar Nandi FCA, Chairman of the Company presided over the meeting. The Directors, guests and a large number of distinguished shareholders both sponsors and Public Shareholders attended in the meeting.

The Chairman welcomed the distinguished shareholders & guest to the 20th Annual General Meeting. The Chairman informed the shareholders in his speech that amid different barriers of economic parameters like- slowdown in investment, rising inflation in the economy, stagnation in the Capital market, tight money market situation- the company tried hard to run in its business operation in proper track for sustainable development during the year 2015. The Chairman highlighted that the company has shifted policy decision to mop up private deposits instead of being dependent on overnight borrowing deposits and term borrowings from Commercial Banks and Financial institutions. The company also took actions to increase investments and reduce impaired assets.

Thereafter the Chairman presented agenda wise topics to the shareholders like- Audit report & Audited financial statements for year 2015, Directors retirement & re-appointment etc and also placed the Annual Report-2015 including Director's Report. The shareholders also expressed their opinion on different issues and finally approved all agenda of the AGM.  

The Chairman assured the shareholders that the Board of Directors shall continue to work relentlessly to produce a better scenario in the upcoming years.

In conclusion, the Chairman thanked the honorable Shareholders, Clients, Bankers, Regulatory authorities, the Press & electronic media, online media, Law enforcing agencies, RAOWA Convention Hall management for their kind support & co-operations. He also thanked the Board members, Managing Director & all officials and staffs for their dedication, loyalty and untiring efforts to keep the company goodwill at high.