Reliance Finance Limited

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Reliance Finance Limited
Industry Finance
Predecessor Oman Bangladesh Leasing & Finance Ltd
Number of locations
4 Branches (2017)
Area served
Bangladesh
Services Financing, Investment
Total assets
  • Increase BD৳ 15,847 million (2014)
  • BD৳ 13,929 million (2013)
Divisions Sales, Credit-Sale Financing, Human Resource Management, Credit Risk Management.
Website {{#property:P856}}

Reliance Finance Limited[1] is one of the leading financial institutions operating in Bangladesh. Our core competencies cover lease finance, term finance, real estate finance, SME finance, public issue of shares, portfolio management, margin loan, share trading etc.

The client is the focal point of all our activities. We are committed to providing our client with excellent, innovative and fast solutions across all business segments. We want to be the preferred financial institutions for our clients as they enjoy distinct service culture.

Reliance Finance Limited holds a leading position in the capital market operations. It is the undisputed number one in providing comprehensive and integrated capital market services.

Reliance Finance Limited boasts up a broadly diversified business profile. This enables us to offer our clients the full range of services, they expect from a leading financial institution.

We are committed to our corporate citizenship, promoting the common good in the community where we operate.

We offer our employees excellent opportunities to further their career. We share our success with them through performance related systems of incentives. This helps to foster entrepreneurship. At the same time, we ensure strict compliance with the ethical principles.

Reliance Finance seeks to constantly increase its return on equity for its shareholders, building on a systematic program of value-based management.

CORPORATE HISTORY AND MILESTONES[edit]

Reliance Finance Limited (REFL), began its journey in March 1996 as a Public Limited Company under license from Bangladesh Bank to provide innovative financial services. Since inception, Reliance Finance Limited has been rendering prompt and cost effective financial services with distinctive customer service. The Company has diversified its business and the growth has been steady and satisfactory.

4th March 1996 Incorporation of the Company
11th April 1996 Certificate of Commencement of Business
15th May 1996 License from Bangladesh Bank as Non-Bank Financial Institute under the Financial Institutions Act, 1993
8th September 1996 Approval of Bangladesh Bank to open a Branch at Globe Chamber, 5th floor, 104, Motijheel C/A, Dhaka
01st August 2001 Change of the name of the company from Bahrain Bangladesh Finance & Investment Company Limited to Oman Bangladesh Leasing & Finance Ltd.
18th January 2007 Relocation of Company’s Registered and Corporate Head Office at 11/A, Toyenbee Circular Road, Motijheel, Dhaka.
12th January 2010 Change of the name of the company from Oman Bangladesh Leasing & Finance Ltd. to Reliance Finance Limited
07th April 2010 Incorporation of Reliance Brokerage Services Ltd.
03rd May 2011 Received permission from Bangladesh Bank to increase authorized capital from Tk.50.00 crore to Tk.200.00 crore
27th March 2012 Licensed for GEC Branch and Dhanmondi Branch
02nd April 2013 Received permission from Bangladesh Bank to increase authorized capital from Tk.200.00 crore to Tk.400 crore
11th January 2015 Licensed for Uttara Branch
References
  1. ^ "Front page - Reliance Finance Limited". Reliance Finance Limited. Retrieved 2017-07-13.