IDLC Finance’s Q3 profit up 17pc on improved asset quality

IDLC Finance reported a 17 per cent year-on-year growth in consolidated profit to BDT 2.07 billion in July-September (Q3), mainly backed by improved asset quality.

Its provision requirement fell in the third quarter, compared to the same quarter last year, after the streamlining of credit risk management, officials said. The company’s NPL ratio declined to 4.09 per cent in Q3 this year from 4.71 per cent in the same quarter of the previous year.

https://today.thefinancialexpress.com.bd/stock-corporate/idlc-finances-q3-profit-up-17pc-on-improved-asset-quality-1793208279