United Finance

United Finance is a Bangladesh-based non-bank financial institution established in 1989 and headquartered in Dhaka. Its activities include investment services, leasing, loans, term finance and channel financing. The company operates as a financial-services provider rather than as a conventional commercial bank, serving customers through a nationwide branch network. The business has been associated with the mobilization of funds from individual depositors. According to the referenced company description, approximately 80 percent of its funding has historically been collected directly from individual depositors, making retail deposits an important component of its financing model. The company’s lending and finance activities are therefore supported by a deposit-gathering platform as well as by its broader non-bank financial operations. United Finance’s distribution footprint extends across Bangladesh. The referenced material describes 25 branch offices serving all 64 districts of the country, with locations in Dhaka and a range of other urban and regional centers, including Chattogram, Cox’s Bazar, Cumilla, Sylhet, Rajshahi, Khulna, Barishal, Rangpur and Mymensingh. This network enables the company to offer financial services beyond the capital and to support customers in multiple commercial and residential markets. The company has also had a public-facing role through sponsorship. Together with United Insurance, it regularly organized international chess tournaments until 2009. The 2009 event was identified as the ninth edition and was held on a biennial basis, linking the financial-services brand with a long-running cultural and sporting initiative. A significant ownership change occurred in November 2024, when United Group purchased United Finance PLC from its original sponsors for Tk. 174 crore, according to the referenced Wikipedia material. This transaction placed the company within the United Group structure. The available reference material does not provide sufficient detail about the post-acquisition management structure, financial performance, brand strategy or future operating plans. United Finance remains described as an active, Dhaka-based Bangladeshi financial-services company.

United Finance began operations in Bangladesh in 1989 as a non-bank financial institution. Its business developed around financial intermediation outside the conventional commercial-banking model, with activities spanning investments, leasing, loans, term finance and channel financing. The available reference material does not identify the original founders or provide a detailed account of the company’s early organizational development. Over time, United Finance built a nationwide operating presence. The company’s described network comprises 25 branch offices covering all 64 districts of Bangladesh. Branch locations have included offices in Dhaka and surrounding areas as well as centers such as Chattogram, Cox’s Bazar, Cumilla, Sylhet, Rajshahi, Khulna, Barishal, Rangpur and Mymensingh. This geographic reach has allowed the company to provide financial services across multiple regions rather than concentrating exclusively on Dhaka. Deposit mobilization has been an important part of the company’s model. The referenced description states that around 80 percent of United Finance’s funds are collected directly from individual depositors. That feature distinguishes the institution’s funding base and connects its retail-facing activities with its lending, leasing and other finance operations. The available sources do not provide a detailed breakdown of its customer segments, product pricing, assets, earnings or regulatory history. United Finance also developed visibility through sponsorship and event organization. Alongside United Insurance, it regularly organized international chess tournaments on a biennial schedule until 2009. The 2009 tournament was the ninth edition mentioned in the source material, indicating that the sponsorship program had continued for a substantial period. The company was listed on the Dhaka Stock Exchange before the ownership transaction described in the available material. In November 2024, United Group bought United Finance PLC from its original sponsors for Tk. 174 crore. The transaction represented a major change in ownership and brought the institution into the United Group portfolio. The sources supplied for this entry do not establish whether the listed status, legal structure, management team or branding changed after the acquisition. United Finance is therefore recorded as an active Bangladeshi non-bank financial institution operating under United Group ownership, with further post-2024 corporate details requiring verification.

• 2024

  United Group acquires United Finance

  [1]United Financeen.wikipedia.org

  In November 2024, United Group purchases United Finance PLC from its original sponsors for Tk. 174 crore.

• 2009

  Ninth international chess tournament

  [1]United Financeen.wikipedia.org

  The international chess tournament associated with United Finance and United Insurance reaches its ninth edition. The event was organized on a biennial basis.

• 1989

  United Finance is established

  [1]United Financeen.wikipedia.org

  United Finance begins its operations as a non-bank financial institution in Bangladesh.

A nationwide Bangladeshi non-bank financial institution combining deposit mobilization with lending, leasing, investment and business-finance services.

• Asset finance

  Leasing

  United Finance provides leasing as part of its non-bank financial-services portfolio. The available reference identifies leasing as a core business activity, but does not specify the financed asset categories, contract terms, customer segments or current product variants.

• Lending

  Loans

  The company offers loan facilities within its broader financing business. The supplied material does not distinguish consumer, corporate, secured or unsecured loan products, so the entry records loans at the portfolio level without adding unsupported product details.

• Business finance

  Term finance

  Term finance is one of United Finance’s identified services. It represents financing provided over an agreed duration, although the available source does not state the applicable maturities, sectors, rates or eligibility requirements.

• Commercial finance

  Channel financing

  United Finance provides channel financing, a form of commercial finance generally associated with participants in a distribution or supply chain. The reference confirms the offering but does not describe its specific structures, counterparties or industries served.

• Investment services

  Investment services

  Investment services are included among United Finance’s financial activities. The supplied material does not specify whether this refers to investment products for customers, corporate investment activity or a particular regulated service line.

• 2009United Finance–United Insurance international chess tournament

  Bangladesh · International chess community

  United Finance and United Insurance regularly organized an international chess tournament on a biennial basis. The 2009 competition was identified as the ninth edition.

  Outcome. The event reached its ninth stated edition in 2009. The available source does not document attendance, winners, media reach or the sponsorship’s commercial results.

  Source

• 2024

  United Group acquisition of United Finance PLCM&A

  Background

  United Finance had operated as a Bangladeshi non-bank financial institution since 1989 and was listed on the Dhaka Stock Exchange. In November 2024, its ownership changed from the original sponsors to United Group.

  Action taken

  United Group purchased United Finance PLC for Tk. 174 crore.

  Aftermath

  The transaction made United Group the parent and owner recorded for this entry. The supplied sources do not establish the post-transaction management structure, financial effects or changes to the company’s listing status.

  Purchase consideration. Tk. 174 crore (November 2024)

  Source

1. 1United Financeen.wikipedia.org