CORPORATE HISTORY AND MILESTONES


Reliance Finance Limited (REFL), began its journey in March 1996 as a Public Limited Company under license from Bangladesh Bank to provide innovative financial services. Since inception, Reliance Finance Limited has been rendering prompt and cost effective financial services with distinctive customer service. The Company has diversified its business and the growth has been steady and satisfactory.

 

Key Milestone

 

4th March 1996

Incorporation of the Company

11th April 1996

Certificate of Commencement of Business

15th May 1996

License from Bangladesh Bank as Non-Bank Financial Institute under the Financial Institutions Act, 1993

8th September 1996

Approval of Bangladesh Bank to open a Branch at Globe Chamber, 5th floor, 104, Motijheel C/A, Dhaka

01st August 2001

Change of the name of the company from Bahrain Bangladesh Finance & Investment Company Limited to Oman Bangladesh Leasing & Finance Ltd.

18th January 2007

Relocation of Company’s Registered and Corporate Head Office at 11/A, Toyenbee Circular Road, Motijheel, Dhaka.

12th January 2010

Change of the name of the company from Oman Bangladesh Leasing & Finance Ltd. to Reliance Finance Limited

07th April 2010

Incorporation of Reliance Brokerage Services Ltd.

03rd May 2011 Received permission from Bangladesh Bank to increase authorized capital from Tk.50.00 crore to Tk.200.00 crore
27th March 2012 Licensed for GEC Branch and Dhanmondi Branch
02nd  April 2013 Received permission from Bangladesh Bank to increase authorized capital from Tk.200.00 crore to Tk.400 crore
11th January 2015 Licensed for Uttara Branch