IDLC reports 53% profit growth in 2024, declares 20% dividend
IDLC Finance PLC has reported a standout financial performance for 2024, closing the year with a standalone net profit after tax of Tk 167.3 crore—up 53% from the previous year. On a consolidated basis, net profit stood at Tk 200.3 crore, reflecting a 32% year-on-year increase.
Earnings per share rose to Tk 4.82, compared to Tk 3.64 in 2023. Customer deposits grew to Tk 8,391 crore, while the company maintained a healthy loan portfolio of Tk 11,397 crore.
IDLC's Return on Equity (ROE) climbed to 10.33%, and Return on Assets (ROA) improved to 1.35%, signalling efficient use of both capital and assets. The Non-Performing Loan (NPL) ratio dropped to 4.45%, significantly lower than the industry average, supported by a provision coverage ratio of 106.11%.
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The group's subsidiaries—IDLC Securities Limited, IDLC Investments Limited, and IDLC Asset Management Limited—also sustained their momentum, contributing to the overall robust financial results.
The company's 351st Board Meeting, held at its corporate head office in Gulshan, approved the financial statements for 2024 and proposed a 20% dividend—15% in cash and 5% in stock—to enhance capital strength.
The Board credited the strong results to strategic focus, sound governance, and long-term vision amid a challenging economic environment. Looking ahead, IDLC reaffirmed its commitment to building a sustainable, inclusive, and future-ready financial institution.
