LankaBangla Investments Limited (LBIL) was incorporated in Bangladesh with the Registrar of Joint Stock Companies and Firms (RJSCF), vide registration no. C 83568/10 dated 29 March 2010 as a Private Limited Company under the Companies Act, 1994. This Company is a fully owned subsidiary of LankaBangla Finance Limited. LBIL inherited its merchant banking operation from its parent company, LankaBangla Finance Limited, which was the first merchant bank to offer discretionary portfolio management services back in 1997. The Company has obtained Merchant Banking license (registration certificate no. MB-57/2010) from the Securities and Exchange Commission on 2 January 2011. In 2010, to respond to the regulatory desire to spin off its merchant banking operation under a separate company to bring more transparency and regulatory control, LankaBangla Investments was formed as a fully owned subsidiary and it obtained full-fledged merchant banking license form SEC on 02, January, 2011 and officially started its operation on 16th January, 2011 taking ownership of the entire merchant banking of LankaBangla Finance Limited.
Later on the company converted itself into a public limited company with effect from 12 June 2013. The address of the Company’s registered office is 20, Kemal Ataturk Avenue, Banani, Dhaka-1213; besides this the corporate address of the company is Assurance Nazir Tower (Level-06), 65/B Kemal Ataturk Avenue, Banani, Dhaka-1213. This Company is a fully owned subsidiary of LankaBangla Finance Limited.
During the period of 1999-2005, its operation became stagnant due to the market condition. At the end of 2006, its merchant banking operation started again with a non discretionary portfolio product along with issue management and underwriting services. By the end of 2010, it became one of the top merchant banks.
