BHBFC Reduces Classified Loan into 3.80 Percent

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BHBFC Reduces Classified Loan into 3.80 Percent

Bangladesh House Building Finance Corporation (BHBFC) has achieved rare success in reducing its classified loans. On the last day of financial year 2022-23, the amount of classified loans of the institution was only 160 crore BDT. The rate of classified loan of BHBFC is only 3.80 percent. The classified loans were 4.65 percent of total loans of the institution in the FY 2021-22. The growth is 12.57 percent in this regard.
BHBFC has sanctioned 8 hundred and 46 crore taka as house building loan and disbursed 6 hundred and 96 crore taka for the same in the year, which are the new records for the institution. The growth in both sanctioning and disbursement is more than 18 percent.
The total loan recovery is also the highest this year since the inception of the institution, which is about 716 crore taka. This year the growth in loan recovery is about 10 percent. The state-owned organization has also achieved its highest-ev er profit as a result of record success in all indicators indicative of business objectives. The amount of profit earned in this financial year is about 264 crore taka. In this case the growth rate is about 9 percent.
This achievement has been possible under the directives of the Financial Institutions Department (FID) of the Ministry of Finance, proper monitoring of the Board of Directors and efficient leadership of the management. Mr. Abdul Mannan, the Managing Director of BHBFC, expressed his sincere congratulations, best wishes and gratitude to all concerned for this achievement.

Bmirrorhttps://bmirror.net/
businessmirror20@gmail.com

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