Phoenix Finance & Investments Limited (Former Phoenix Leasing Company 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 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.
Authorized capital of the Company is TK,1000 million divided into 10,000,000 ordinary shares of TK.100 each. 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.
| Asset Products | Debt Products |
|---|---|
| Lease Finance | Advance Income Option |
| Housing & Real Estate (Including Bangladesh Bank Refinance scheme) | Periodic Income Option |
| Short Term Finance | Monthly |
| Mid Term Finance | Quarterly |
| Long Term Finance | Half-yearly |
| Financing against confirmed work order | Yearly |
| Start-up working capital | All at Maturity Option |
| Bridge Finance | Double Money Scheme |
| Factoring | Triple Money Scheme |
| SME Loan | Monthly Saving Scheme |
| Investment in Capital Markets |
Corporate Services
- Syndication of Loan/Lease
- Corporate Advisory
- Investment Counseling
Stock Brokerage Services
PFIL provides brokerage services through its 25% owned Associated Company named Phoenix Securities Limited (PSL), a member of DSE & CSE.
Milestones
| Date | Milestone |
|---|---|
| April 19, 1995 | Incorporation |
| April 19, 1995 | Commencement of Business |
| May 09, 1995 | Licenced under Bangladesh Bank |
| September 21, 1995 | Signing of First Lease Agreement |
| April, 1996 | Member, Asian Leasing & Finance Association - ALFA |
| September 25, 1996 | Opening of Branch in Chittagong |
| September 21, 1997 | Web Site Launched |
| November 05, 2000 | Achieved Tk. 100 crore Finance |
| August 04, 2004 | Opening of Branch in Khulna |
| September, 2004 | Member, Association of National Development Finance Institutions in Member countries of the Islamic Development Bank - ADFIMI |
| September 19, 2005 | Opening of Branch in Bogra |
| January, 2006 | Member, Institute of Bankers, Bangladesh -IBB |
| February 01, 2007 | Company changes name from PLC to PFIL |
| February 07, 2007 | Opening of SME Branch in Dhaka |
| February 12, 2007 | Acquisition of DSE Member Company |
| May 20, 2007 | Prospectus issued for IPO of PFIL |
| May 27, 2007 | Head Office shifted to Eunoos Center |
| September 25, 2007 | Listed with Dhaka & Chittagong Stock Exchanges |
| September 27, 2007 | Trading of public shares of PFIL commenced |
| December, 2007 | Achieved Tk. 500 Crore Finance |
| August 28, 2008 | Opening of Uttara Branch in Dhaka |
| May 21, 2009 | Opening of Imamgonj Branch in Dhaka |
| August 10, 2010 | Opening of Dhanmondi Branch in Dhaka |
| September 5, 2010 | Awarded the International Star Award for Quality (ISAQ) in the Gold Category from Business Initiative Directions (BID) |