Phoenix Finance & Investments Limited - Prepare to Rise

Phoenix Finance & Investments Limited, one of the leading and reliable multi products Financial Institution in Bangladesh was incorporated in Bangladesh on April 19,1995 as Public Limited Company under the Companies Act 1994. Phoenix Finance & Investments Limited (Former Phoenix Leasing Company Limited), one of the leading and reliable multi products Financial Institution in Bangladesh was incorpo

rated in Bangladesh on April 19,1995 as Public Limited Company under the Companies Act 1994 and started its operation on May 9 1995 as a Non Banking Financial Institution under Financial Institution Act 1993 , it has changed its name to Phoenix Finance & Investment Limited (PFIL) with a view to reflecting multi-dimensional financial activities the company has been doing other than Lease Financing which although , has remained as the prime area of the financial activities. PFIL has floated its share through the Initial Public Offering (IPO) of the Company for 12,50,000 Ordinary Share of TK 100 each at par amounting to Tk. 12.50 crore in 2007. Now the paid up capital of the Company has been raised to 43,70,437 share amounting to Tk. 43,70,43,700. The shares of the Company were listed with Dhaka and Chittagong Stock Exchanges on September 25, 2007. Sponsor shareholders of the company includes a renowned corporate body namely Phoenix Insurance Company Ltd., a leading Insurance Company in Bangladesh .Others are Individuals having wide range of experience in the field of Commerce and Industries. The main objective of Phoenix Finance and Investments Limited is to allocate scarce financial resources to capital investment through funding in capital machinery / equipment specially BMRE of the existing industrial enterprise to stimulate the industrial development of the country and also to provide financial assistance through leasing and other multi- dimensional products & services to all levels of entrepreneurs for a wider range of asset acquisition. The company has also diversified its products and services to such other areas as Housing and Real Estate, Bridge Financing, short term and Mid Term Loan and startup working capital to cater to divergent needs of the economy, The company also opened a SME Branch in Dhaka on February 7, 2007 for promoting Small and Medium enterprise (SME) exclusively for alleviation of poverty through creation of employment and generation of income on a sustainable basis. Besides this, PFIL also acquired 25% ownership of Brokerage Company dealing with the Dhaka and Chittagong Stock Exchange to further diversify its investment activities.