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Press Release




GSP Finance elects new Chairman to Executive Committee of the Board

The Board of Directors in its 195th Board meeting held on 7th December, 2016 under the Chairmanship of Mr. Feroz U. Haider unanimously elected Mr. Moin U. Haider, Director as Chairman to the Executive Committee of the Board. He has been a shareholder since 2000 & has been serving the Board as Director since 2005. He is a graduate in Business Economics from Lewis & Clerk College, Portland, Oregon, USA in 2003 and has an Associate of Occupational Studies Degree in Automotive Technology from Universal Technical Institute, Phoenix, Arizona, USA in 2004. Mr. Haider has also obtained the Canadian Securities Certification from Canadian Securities Institute, Toronto, Canada in 2012.




GSP Finance appoints two Vice Chairmen to the Board of Directors

The Board of Directors in its 195th Board meeting held on 7th December, 2016 under the Chairmanship of Mr. Feroz U. Haider unanimously elected Mr. Saber Hossain Chowdhury, MP, President of Inter-Parliamentary Union, Director of GSPB and Dr. ATM Shamsul Huda, Ex. Chief Election Commissioner, Government of the People’s Republic of Bangladesh, Independent Director of GSPB as Vice Chairmen to the Board of the Company.




GSP FINANCE declares 15.50 % Cash Dividend

The 21st Annual General Meeting of GSP Finance Company (Bangladesh) Limited was held on Sunday, May 15, 2016 at the ‘Trust Milonayaton’, 545 Old Airport Road, Dhaka Cantonment Dhaka. The Shareholders approved 15.50% Cash Dividend for the year ended December 31, 2015 in the Annual General Meeting.

The Meeting was presided over by Mr. Feroz U. Haider, Chairman of the Company and attended by local, foreign & independent Directors, honorable shareholders and other senior officials of the Company. The shareholders thanked the Board of Directors and the Management of the Company for the success and continuous growth of the Company.




Exchange documents of refinance schemes for setting up agro-processing units in rural areas

Mr. Md. Nazrul Hossain, Managing Director and CEO of GSP Finance Company (Bangladesh) Limited, and Mr. Swapan Kumar Roy, General Manager of Bangladesh Bank, exchange documents of refinance schemes for setting up agro-processing units in rural areas. Mr. S K Sur Chowdhury, Deputy Governor of Bangladesh Bank, was also present in the signing ceremony. Under this scheme Bangladesh Bank will provide refinance for financing working capital, mid term loan and long term loan @ 10% interest in agro based industries with a view to create employment opportunity, agro based products processing and poverty alleviation in the rural areas.




GSP Finance Company holds Budget Meeting for the Accounting Year-2016

The Annual Budget Meeting for the accounting year-2016 of GSP Finance Company(Bangladesh) Limited was held on Thursday, October 8, 2015 at 2.30 p.m in the Board room of the Company at 1, Paribagh Mymensingh Road, Dhaka-1000. The meeting was presided over by Mr. Feroz U. Haider, Chairman of the company and attended by Directors Mr. Moin U. Haider, Mr. Aziz Al Kaiser, Mr. Mohamed Abdul Jalil, Dr. ATM Shamsul Huda (Independent Director), Col.M. Nurul Islam, Psc. (Retd)(Independent Director), Mr.A. K. Abdul Matin FCA (Alternate Director of Mr. Wolf-Peter Berthold), Mr. Md. Nazrul Hossain, Managing Director and CEO and other senior officials of the Company. After threadbare discussion on the budget and other matters, the Board of Directors of GSP Finance Company (Bangladesh) Limited approved the budget for the accounting year-2016.




GSP Investments Limited Signs with LankaBangla Securities Limited

GSP Investments Limited (GSPI), a fully-fledged merchant bank & a wholly owned subsidiary of GSP Finance Company (Bangladesh) Limited has signed an agreement with LankaBangla Securities Limited (LBSL) where LBSL will act as a panel broker of GSPI. The agreement was signed on 14th June, 2015 at the office premises of GSP Investments Limited, located in Paribagh, Dhaka.

Under the agreement, clients of GSP Investments Limited will be able trade their shares through LankaBangla Securities Limited. GSP Investments Limited’s business includes Portfolio Management, Issue Management, Underwriting of Public Issue & Right Issue, Pre-IPO Placement & Margin Loan facility. Multi Securities & Services Limited (MSSL) & Haji Ahmad Brothers Securities Ltd (HABSL) are also panel brokers of the company.

Mr. Mahmudul Alam, CEO (C.C.) of GSP Investments Limited and Mr. Mohammad Khairul Anam Chowdhury, CEO and Director of LankaBangla Securities Limited signed the agreement on behalf of their respective organizations.

Mr. Kaiser A. Chowdhury, Executive Director of GSP Finance Company (Bangladesh) Limited, Mr. Gazi Mohammed Tareq, Assistant General Manager & Head of Compliance of LBSL, Mr. Rehan Muhammad, Sr. Manager of LBSL, Mr. A F M Shaheed, Assistant Manager of LBSL and Md. Shahan Reza, Sr. Manager of GSPI attended the signing ceremony.




GSPB Sign with LEADS for BankUltimus

GSP Finance Company (Bangladesh) Limited, one of the top rated Financial Institutions which provides a wide range of Financial Products & Services, has decided to introduce Core Financial Solution to further upgrade its technology platform to provide advanced service levels to its customers. GSP Finance has selected “BankUltimus” designed and developed by LEADS Corporation Limited, a leading software company of Bangladesh. An Agreement to this effect was signed between GSP Finance Company (Bangladesh) Limited and LEADS Corporation Limited on June 08, 2014 by Mr. Kaiser Tamiz Amin, Managing Director and CEO and Mr. Shaikh Shahid, CEO & Director of their respective companies. The signing ceremony was attended by Mr. Feroz U. Haider, Chairman, GSP Finance Company (Bangladesh) Limited. Members of senior management of both companies were also present.