FAS Finance & Investment Ltd 2018 AR2
The report highlights FAS Finance & Investment Limited's performance and strategic initiatives for the fiscal year 2018. Despite a challenging financial environment in Bangladesh, the company achieved a 9.51% growth in its loan and lease portfolio, reaching BDT 15,353.57 million. Net interest income increased by 20.78% to BDT 409.73 million, although net profit after tax decreased slightly to BDT 118.84 million due to higher tax and provisioning requirements. The company also focused on expanding its SME and retail segments, upgrading its IT infrastructure, and continuing its commitment to corporate social responsibility.
Company: FAS Finance & Investment Ltd
Sector: Finance & insurance
Country: Bangladesh
Year: 2018
Type: AR2
Pages: 228
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FAS Finance & Investment Ltd
Annual Report
The report highlights FAS Finance & Investment Limited's performance and strategic initiatives for the fiscal year 2018. Despite a challenging financial environment in Bangladesh, the company achieved a 9.51% growth in its loan and lease portfolio, reaching BDT 15,353.57 million. Net interest income increased by 20.78% to BDT 409.73 million, although net profit after tax decreased slightly to BDT 118.84 million due to higher tax and provisioning requirements. The company also focused on expanding its SME and retail segments, upgrading its IT infrastructure, and continuing its commitment to corporate social responsibility.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees