Conclusion Despite the slowdown of economic activities during first half of financial year (FY) 20092010 due to the slow recovery of the world economy from the global financial crisis, Bangladesh attained reasonably high GDP growth of 5.8% in FY 2009-2010, slightly higher than the 5.7% growth in FY 2008-2009. The growth was broad based covering agriculture, industry and service sectors and mostly led by strong domestic demand along with slowly increasing external demand as recovery is gradually taking place in major economies from global financial meltdown during the last half of FY 2009-2010. Industry sector growth slowed down marginally to 6.01% in FY 2009-2010 from 6.46% growth in FY 20082009. The service sector which represents around 50% of GDP, maintained 5.9 percent growth in FY 2009-2010. Agriculture sector grew by 4.7% in FY 2009-2010 as against 4.1% growth in previous year. Leasing sector plays an important role in our economic development. Among the leasing companies in Bangladesh, IDLC Finance Limited contributes highest to the national economy. On the other hand, United Leasing Company performs very well now-a-days. And it also contributes to our national economy. But leasing sector faces several problems in our country. Steps should be taken to remove the problems of leasing sectors in Bangladesh. Bibliography •
BLFCA yearbook 2008
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Annual report of IDLC Finance Ltd 2006,2007,2008,2009,2010
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http://www.idlc.com
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http://www.bangladesh-bank.org/
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http://www.crab.com.bd/
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www.dsebd.org
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Annual report of ULC 2008
Appendix IDLC Finance Limited: Mkt Cap (in million) 2006 2007 2008 2009
1176 3038 5723 11109
Operating Income (in million) 479 883 1179 1913
Profit Profit after Total Assets (in before tax tax (in million) (in million) million) 236 157 11680 475 303 15056 708 406 17342 1273 822 22681