ILFSL holds 261st Board Meeting
31 January 2023
Business Desk :
The 261st board meeting of the International Leasing and Financial Services Limited (ILFSL) was held recently at the company's head office.
Former education secretary Md Nazrul Islam Khan, who was appointed by the High Court, presided over the board meeting while court-appointed Independent Directors Syed Abu NaserBukhtear Ahmed, Senior District and Sessions Judge (Retired) Md. Shafiqul Islam, Brigadier General (Retired) Md. Meftaul Karim, Barrister Md. Ashraf Ali, Enamul Hasan and current Managing Director (CC) Md. Mashiur Rahman were also present.
The meeting review the action plans 2023 presented by each department of the organization. Such is the case of International Leasing and Financial Services Limited (ILFSL) where the all officers of the organization prepare the month-wary action plan for the year 2023, to reach the yearly targets.
After reviewing the action plan submitted in the meeting, the board of directors gave effective and important suggestions to each department.
Business divisions presented their loan disbursement plans. It also presented a recovery plan from the loans invested in previous years.
SME department submitted their plan for the new loan disbursement in 2023. Board of Directors advised to state the total income against the total investment as per the plan of the SME Department.
The Board of Directors reviewed the monetization plan presented by the Liability Management Department and asked to consider monetization orders smoothly and promptly based on the application of new depositors to increase the enthusiasm and confidence of people interested in saving money, and also ordered monetization of deposits of interest surrendering depositors to acknowledge their sacrifice and reduce the cash outflow of the institution.
