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News and Events

Our History & Milestones

Implementation of small and medium enterprise development initiative by Agrani SME Financing Company Limited is one of the activities to participate in the national strategy for economic growth, poverty reduction, and social development.  The Agrani SME Financing Company Limited (the Company) has been incorporated as a public limited company and a subsidiary of the Agrani Bank Limited on October 27, 2010 vide certificate of the incorporation No. C-87827/10. The Company has taken over the ongoing operation of Small Enterprises Development Project (A Norway and Agrani Bank Limited funded Project of Ministry of Finance, Bangladesh) on a going concern basis through a Vendor’s Agreement signed among the Bank & Financial Institutions Division, Ministry of Finance, Govt. of the Peoples Republic of Bangladesh, the Board of Directors on behalf of the Agrani Bank Limited and the Board of Directors on behalf of the  Agrani SME Financing Company Limited on December 27, 2011 and as per the clause as delineated in the stated Vendors Agreement, December 31, 2011 is kept as the effective date of handing over the SEDP operation as to be the operation of Agrani SME Financing Company Limited.


Though the company has incorporated more than two years back but no operational activities was started till December 31, 2011 under company’s umbrella. However, on the basis of taking over the ongoing work of Small Enterprise Development Project as at December 31, 2011 a total outstanding loan balance was Tk. 461,111,340 in 40 Thana/Upazilla of two grater districts of Faridpur and Mymensingh inherited from the SEDP Project. The year 2013 was the second year of operation of the Company. In the second year of the operation the company made operating income of BDT 130,352,499 achieved profit after Tax of BDT 38,196,346 and recorded as EPS of 3.82 compared to 2.85 of previous year.


As on December 31, 2013, the available capital of the Company is Tk 1,119,188,813 as against Tk. 1,080,657,626 of previous year which project’s a robust financial footing of the Company.


During the year 2013, the company contributed a total amount of BDT 29,736,221 as corporate Tax to the national exchequer which is almost 41% higher than that of the previous year.

 

l and medium enterprise development initiative by Agrani SME Financing Company Limited is one of the activities to participate in the national strategy for economic growth, poverty reduction, and social development.  The Agrani SME Financing Company Limited (the Company) has been incorporated as a public limited company and a subsidiary of the Agrani Bank Limited on October 27, 2010 vide certificate of the incorporation No. C-87827/10. The Company has taken over the ongoing operation of Small Enterprises Development Project (A Norway and Agrani Bank Limited funded Project of Ministry of Finance, Bangladesh) on a going concern basis through a Vendor’s Agreement signed among the Bank & Financi