People'S Leasing And Financial Services Limited (Bangladesh)

People's Leasing and Financial Services Limited (PLFS) is a financial institution located in Dhaka, Bangladesh. It was incorporated as a Public Limited Company under the Companies Act-1994 on August 12, 1996. The company obtained a license from Bangladesh Bank on November 24, 1997, to carry out lease finance business. The authorized capital of the company is Tk. 500 million, divided into 50 million ordinary shares of Tk. 10/- each, while the paid-up capital as of September 30, 2017, stands at Tk. 285 million, subscribed by the sponsors. PLFS aims to be the best performing financial institution in the country, offering quality financial solutions. Their mission is to create maximum value for stakeholders, pursue customer satisfaction by providing the best and quality services, maximize shareholder's value through a sustained return on investment, create an enabling environment for employees to build their careers, contribute to the well-being of society as a responsible corporate body, and help create wealth for the nation. The company follows a corporate philosophy of performing financial responsibilities with proper accountability and ethical standards. PLFS focuses on the development of productive enterprises and industrial units in line with the government's industrialization program for the economic development of the country. Their employees are trained to be good professionals and genuine development partners for entrepreneurs, aiming for organizational excellence. The company's strategic objectives include developing a high-quality and strategically balanced portfolio, providing a wide range of financial solutions and services to customers, mobilizing balanced sources of funds for marketing operations, and ensuring good corporate governance.