A closing ceremony of syndicated deal of BDT 430 Million for Feiya Auto Bricks was held at The Westin, Dhaka recently, which was organized by Meridian Finance as mandated lead arranger & agent. Here participant of the syndication are BIFFL, IDCOL, Meridian Finance & Union Capital Ltd. Md. Hafiz Al Asadur Rahman, Chairman of Feiya Auto Bricks Ltd, Mr. Irteza A Khan, CEO & MD of Meridian Finance, Mr. S.M Formanul Islam, ED & CEO of BIFFL & Mr. S. M. Monirul Islam, Deputy CEO of IDCOL were present in the ceremony.
We have organized Town Hall Conference 2017 successfully on November 04, 2017 in Pacific Lake View Hotel & Resort, Gulshan-1.
BFIU & Meridian Finance conducted daylong training program on Anti-Money Laundering and Terrorist Financing at on 4th November 2017.
Mr. Habibur Rahman Talukder, DGM, BFIU and Mr. Mohammad Mahbub Alam, Joint Director, BFIU conducted the training program.
Mr. Irteza A. Khan has been promoted as the CEO & Managing Director of Meridian Finance & Investment Limited (Meridian Finance) on September 01, 2017. Prior to the promotion, he was the acting Managing Director of the Company. He has also served the Company as Deputy Managing Director & Company Secretary since the early stage of the organization. Before joining in Meridian Finance, Mr. Irteza was the General Manager & Head of Consumer Division of IDLC. He served there for more than 10 years. He started his career in Delta Brac Housing Finance Corporation Ltd. in 1999. He is an MBA from North South University.
Meridian Finance inaugurated its 2nd branch in Bogra on July 15, 2017. Honorable Board of Directors, Business leaders of Bogra formally inaugurated the branch. Mr. Irteza A Khan, Managing Director (CC) of Meridian Finance and local businessmen and high officials of Meridian Finance were present in the inauguration ceremony.
Meridian Finance inaugurated its 1st branch in Gazipur on March 14, 2017. Honorable Chairman Mr. Kazi. M. Aminul Islam, Board of Directors, Business leaders of Gazipur formally inaugurated the branch.
Mr. Mafizuddin Sarker, CEO & Managing Director, Mr. Irteza A. Khan, Deputy Managing Director of Meridian Finance and local businessmen and high officials of Meridian Finance were present in the inauguration ceremony.
In the inaugural speech, the Chairman advised Team Meridian to operate the activities of the branch with the concept of partnership with the entrepreneurs for promotion of all productive enterprises, particularly the SME sector of the area which is the backbone of Bangladesh economy
We have donated computers to Chandana High School and Kazimuddin High School located at Gazipur.
Meridian Finance have organized a cricket match among the employees at Banani Chairman Bari Field.
Bangladesh Bank and Meridian Finance & Investment Limited has recently signed Three MOU under the refinancing scheme. Meridian Finance will extend loans at a subsidize rate to the entrepreneurs under Agro based product processing industries in rural areas; Cottage, Micro & Small sector and Woman Entrepreneurs. Mr. Swapon Kumar Roy, General Manager, SMESPD of Bangladesh Bank and Mr. Irteza Ahmed Khan, Deputy Managing Director of Meridian Finance signed the MOU in presence of high officials from both of the organizations.
Bangladesh Bank and Meridian Finance & Investment Limited has recently signed an MOU under the refinancing scheme of Brick Kiln Efficiency Improvement project. Meridian Finance will extend loans at a subsidize rate to this sector under Brick Kiln Efficiency Improvement scheme. Mr. Manoj Kumar Biswas, General Manager, Sustainable Finance Department of Bangladesh Bank and Mr. Irteza Ahmed Khan, Deputy Managing Director of Meridian Finance signed the MOU in presence of high officials from both of the organizations.
Meridian Finance & Investment Ltd and Election Commission Bangladesh (ECB) have signed a Memorandum of Understanding (MoU) for verification of information and national identity, at a signing ceremony, held at Islamic Foundation Bhaban, Sher-e-Bangla Nagar, Dhaka on July 27, 2016. Brigedior Gen. Sultanuzzaman Md. Saleh Uddin, DG, NIDW, ECS was present at the occasion. Syed Mohammad Musa, Director (Operations), ECB and Irteza Ahmed Khan, Deputy Managing Director of Meridian Finance signed the agreement on behalf of their respective organizations at the ceremony. Along with senior officials of both the organizations were also present at the signing ceremony.
Following the signing of this MoU, Meridian Finance will be able to verify the national identities of all its customers for ensuring transparency and accountability of its financial services. It will also help in preventing identity frauds and ensure the authenticity of Know Your Customer (KYC) forms.
To enhance the knowledge on Anti Money Laundering and Terrorist Financing, an in house training program was facilitated by Mr. Shaikh Md. Salim, Deputy General Manager & Faculty Member of Bangladesh Bank Training Academy on February 13, 2016.
Recently BLFCA organized 3 day-long training program on “Foundation Course for Entry Level Officers” from 14 – 16 February, 2016. MFIL nominated three personal to the training program as participants. Mr. Mafizuddin Sarkar, Chairman of BLFCA & Managing Director of BD Finance and Mr. Asad Khan, Managing Director of Prime Finance and Investment Ltd and ex-Chairman of BLFCA were present among others in certificate giving ceremony.
A team of Meridian Finance participated in a workshop on “Concepts and Applications of Islamic Finance & Banking” facilitated by Mr. Khaled Mahmud Raihan, ACCA, AVP, Islamic Bank Bd Ltd. at the Corporate Head Office of MFIL.
Today is Mother’s Day. It is the best time to show our love and gratitude towards our mothers. The relationship that we share with her is beyond any words. She is the source of unconditional love that nurtures us throughout our life. There is no velvet so soft as a mother’s lap, no rose as lovely as her smile, no path so flowery as that imprinted with her footsteps.
We are delighted to share a good news with our valued Clients and Stakeholders that, Meridian Finance & Investment Ltd achieved a milestone today by crossing a business portfolio of BDT 1 Billion (Taka 100 crore). We thank our Clients and Well-Wishers whole heartedly for their tremendous support as we take Meridian Finance into the next level of achievement.
As a part of Green Banking Policy of Meridian Finance to mark the occasion of World Environmental Day which was held on June 05, 2016, plants were distributed among the stakeholders to encourage tree plantation.
Eminence Electric Wires & Cables Limited has signed a term sheet agreement with Meridian Finance & Investment Limited recently at Le Meridien Dhaka to establish a state of the art cable manufacturing industry in the country to meet the growing demand for both industrial and household usage. Meridian Finance will work as the lead arranger to raise funding worth BDT 1.0 billion for this cable manufacturing industry through syndication finance. Managing Director Mr. Mafizuddin Sarker, Mr. Irteza Ahmed Khan, Deputy Managing Director of Meridian Finance and Engr. Md. Rafique Uddin, Chairman, Engr. Mohd. Mashiul Huq, Managing Director of Eminence Electric Wires and other high officials from both the institutions were present on this occasion.
Managing Director of Meridian Finance & Investment Limited Mafizuddin Sarker and Deputy Managing Director Irteza A Khan greeting Bangladesh Bank’s new Deputy Governor SM Moniruzzaman with a bouquet of flowers at the latter’s office.
Mr. Mafizuddin Sarker has recently joined Meridian Finance & Investment Ltd. as CEO & Managing Director. Prior to joining Meridian Finance, he was the Managing Director & CEO of BD Finance Ltd.
He is an MBA from the Institute of Business Administration (IBA), University of Dhaka.
Mr. Sarker has 40 years of experience in the financial market including over 18 years as Managing Director of three NBFI of country. He started his career with Bangladesh Shilpa Rin Shangstha in 1976. He had worked in International Leasing and Financial Services Limited & Lanka Bangla Finance Ltd as Managing Director. Mr. Sarker is the Chairman of Bangladesh Leasing & Finance Companies Association (BLFCA). Also he is the former Vice President of Asian Financial Services Association (AFSA).
Bangladesh Bank Governor Atiur Rahman formally inaugurated the operation of Meridian Finance & Investment Ltd at a glittering ceremony attended by leading figures from business and banking in Dhaka.
Promoters said Meridian would be “committed to sustainable business growth, pushing traditional business boundaries and introducing best practices to grow its capabilities”.
They promised “good governance, compliance and maximum stakeholder value”.
Kazi M Aminul Islam, a former secretary to the prime minister and a former alternate executive director to The World Bank Group, chairs the board of the 32nd non-banking financial services company, with a paid-up capital of Tk 100 crore, in Bangladesh.
As the company unveiled its logo with the slogan — “Shaping Stories” – Kazi Aminul Islam and fellow board members vowed to be nothing short of “the best in the business”.
The central bank governor said Meridian had fulfilled all the criteria before being awarded the licence.
Abdul Matlub Ahmad, the FBCCI President, said Meridian’s birth came at a “very challenging” time. “There’s no shortage of money in the banks. Most banks are reeling under excess liquidity. Nine new banks have come into the market.”
So the key challenge for the new entity, said the FBCCI chief, would be to come up with innovative products.
But the governor was more optimistic than others. “This is the best time to invest in Bangladesh,” he said, citing the stable currency backed by a huge foreign currency reserve.
Atiur Rahman referred to his recent visit to Peru, where he attended the board meetings of The World Bank and IMF, and said Bangladesh was being praised by everyone for its economic management.
He spoke of the World Bank Chief Economist Kaushik Basu, who described Bangladesh’s performance as “astonishing” in an interview with bdnews24.com, and other stalwarts lauding the state of economy despite gloomy global scenario.
“Quality is the key,” said Chairman of Bangladesh Leasing and Finance Companies Association Asad Khan, “for a financial services company.”
There are all indications, Khan said, that Meridian has the hallmark of that key element.
Prime Minister’s Information Adviser Iqbal Sobhan Chowdhury, Meghna Bank MD Nurul Amin, NCC Bank MD Golam Hafiz, Meridan DMD Irteza A Khan were among others present.
Irteza A. Khan joined Meridian Finance & Investment Limited (MFIL) as it’s Deputy Managing Director. Prior to joining MFIL, he led one of the largest business team with a diversified portfolio of Consumer, Corporate, SME, Investment & Securities Financial Services in IDLC Finance Group as General Manager & Head of Consumer division. Irteza started his career with Delta Brac Housing Finance Corporation Ltd as Manager& Head of Branch in 1999. He has more than 17 years of work experience in various key positions and functional areas areas in institutions like IDLC, DBH and ACNABIN & Co. Chartered Accountants (Rep. firm of Baker Tilly International).
Irteza completed MBA from North South University, Dhaka and Chartered Accountancy Intermediate from Institute of Chartered Accountants of Bangladesh (ICAB).