Fareast Finance and Investment (FFIL) is a major non-bank financial institution in Bangladesh providing leasing and loans. It is listed on the Dhaka Stock Exchange.[2]
Fareast Finance and Investment Limited was established on 21 June 2001.[3]
MA Khaleque was elected chairman of Fareast Finance and Investment Limited in 2006.[4] Khaleque was the founder of Prime Bank Limited and director of Northern General Insurance Company Limited.[4] Md Monir Hosain was elected vice-chairman of Fareast Finance and Investment Limited.[5] It was part of a 260 million taka syndicated loan to ALLTEX Industries led by One Bank Limited; Trust Bank Limited and Prime Finance and Investment Limited were the other partners.[6]
In 2007, Bangladesh Bank asked Fareast Finance and Investment Limited to go for an initial public offering.[7]
In 2010, Fareast Finance and Investment Limited was part of a United Commercial Bank led 2.5 billion taka loan for planned hospital in Chittagong, Imperial Hospital Limited.[8] The other members of the syndicate were Bangladesh Commerce Bank Limited, Dutch-Bangla Bank, NRB Global Bank Limited, Shahjalal Islami Bank, and Standard Bank Limited.[8] It had failed to offload its shares by 2010.[9]
