08 Dec
December 8, 2015

DBH approves 30% dividend

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The 19th annual general meeting (AGM) of Delta Brac Housing Finance Corporation Ltd. (DBH) held here in the capital on Tuesday (8 Dec), approved 30 percent (cash) dividend for the year ending June 30, 2015. Chairman of DBH, Faruq A Choudhury presided over the meeting which was attended by its directors- Nasir A Choudhury, Mehreen Hassan, Adeeba Rahman, M. I. Chowdhury, Q. M. Shariful Ala, Managing Director & CEO and Jashim Uddin, Company Secretary as well as the general shareholders

The general shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) on Tuesday unanimously approved 30 percent cash dividend for the year ending June 30, 2015 as proposed by the Board of Directors, says a press release.

The approval was given at the 19th annual general meeting (AGM) of the company held at Ball Room of 'Hotel Amari' in the city with its chairman Faruq A Choudhury in the chair.

The meeting was attended by its directors- Nasir A Choudhury, Mehreen Hassan, Adeeba Rahman, M. I. Chowdhury, Q. M. Shariful Ala, Managing Director & CEO and Jashim Uddin, Company Secretary as well as the general shareholders.

While placing the financial statements Faruq Choudhury said the operating profit of DBH reached to Tk. 144 crore and Company's funds under management was in excess of Tk. 5,395 crores in the fiscal 2014-15. The earnings per share during the year was Tk. 5.90, he said quoting the financial statements.

Expressing satisfaction over the performance of DBH, Faruq Choudhury said despite the difficult operating environment and overall slowdown in the real estate sector, the company's earnings showed its resilience in the year ended June 30, 2015. The innovative investment policy and the initiatives to increase quality services undertaken by the management of DBH have contributed positively to continue its profit, he said hoping that this trend would continue in future also.

Referring to the achievements of the highest credit rating triple 'AAA' for the 9th consecutive year, Q. M. Shariful Ala said these achievements reflected the fact that DBH is a role model in the corporate financial sector which will, in fact, encourage our continuous effort to expand home ownership in the Country.


21 Oct
October 21, 2015

DBH Rated Highest 'AAA' for the 9th consecutive year

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Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) recently handed over the AAA (Triple A) rating for the 9th consecutive year to Mr. Q.M. Shariful Ala, Managing Director and Chief Executive Officer (CEO) of DBH at a function held at the latter's corporate office in Dhaka. Senior officials of DBH and CRAB were present at the function.

Delta Brac Housing Finance Corporation Ltd. (DBH) has been rated 'AAA' (Triple A), topmost of the rating scale for long term and ST-1 for short term for the 9th consecutive year.

Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) recently handed over the Credit Rating Report of the company to Mr. Q.M. Shariful Ala, Managing Director and Chief Executive Officer (CEO) of DBH at a function held at the latter's corporate office in Gulshan, Dhaka. Senior officials of DBH and CRAB were present at the function.

CRAB's independent Rating Committee (RC) comprising of reputed financial experts of the country awarded this highest rating on the basis of in-depth qualitative and quantitative analysis of the audited financials of the company and other relevant information. The credit rating AAA reflects the company's extremely strong capacity to meet financial commitments and highest quality with minimal credit risk.

The CRAB rating report stated that DBH has successfully maintained excellence in operational areas including capital adequacy, asset quality with lowest level of non-performing loans, operational efficiency, management strength, corporate governance and business franchise as a specialist Housing Finance Institution. On the backdrop of difficult business environment, the quality of assets of DBH also continues to be strong with non-performing loans remaining below half percent which is the lowest in the industry coupled with consistent growth in asset size and profitability and this has actually helped DBH in achieving the highest AAA credit rating for the 9th consecutive year, it highlighted.

While receiving the rating, Mr. Shariful Ala said "we are delighted to have attained the highest rating for the 9th successive year. This rare accomplishment is a reflection of our financial strength, efficiency and strong governance."

"Till date, we have disbursed housing loan in excess of Tk. 5,600 crore in our efforts to expand home ownership in the country. Our total assets presently exceed Tk. 3,500 crore and recently our fixed deposit base crossed the Tk. 2,200 crore mark," he said adding "We thank all our stakeholders for their active support in attaining this prestigious rating once again".


08 Dec
December 8, 2014

Faruq A. Choudhury re-elected as Chairman of DBH

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Faruq A. Choudhury, former Foreign Secretary and Ambassador has been re-elected as Chairman of Delta Brac Housing Finance Corporation Ltd. (DBH) for the next two years at the 80th meeting of the Board of Directors of the Company.

Faruq A. Choudhury, a former career diplomat is presently a member of the Governing Board of BRAC and BRAC University Trustee Board. He is also a noted author and columnist. He has been a Director of DBH since its inception.


26 Nov
November 26, 2014

DBH approves 25% (cash) dividend

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Caption: The 18th annual general meeting (AGM) of Delta Brac Housing Finance Corporation Ltd. (DBH) held here in the capital on Tuesday (25 Nov), approved 25 percent (cash) dividend for the year ending June 30, 2014. Chairman of DBH, Faruq A Choudhury presided over the meeting which was attended by its directors- Mr. Nasir A Choudhury, Mr. Rajeev Sardana, Ms. Mehreen Hassan, Mr. M. I. Chowdhury, Mr. Shameran Abed, Ms. Adeeba Rahman, Mr. Q. M. Shariful Ala, Managing Director & CEO and Mr. Jashim Uddin, Company Secretary of DBH as well as the general shareholders.

The general shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) on Tuesday unanimously approved 25 percent (cash) dividend for the year ending June 30, 2014 as proposed by the Board of Directors, says a press release.

The approval was given at the 18th annual general meeting (AGM) of the company held at The Eden Ball Room of �Hotel Amari� in the city with its chairman Faruq A Choudhury in the chair.

The meeting was attended by its directors- Mr. Nasir A Choudhury, Mr. Rajeev Sardana, Ms. Mehreen Hassan, Mr. M. I. Chowdhury, Mr. Shameran Abed, Ms. Adeeba Rahman, Mr. Q. M. Shariful Ala, Managing Director & CEO and Mr. Jashim Uddin, Company Secretary as well as the general shareholders.

While placing the financial statements Faruq Choudhury said the operating profit of DBH reached to Tk. 139 crore and Company�s funds under management was in excess of Tk. 4,860 crores in the fiscal 2013-14. The earnings per share during the year was Tk. 5.15, he said quoting the financial statements.

Expressing satisfaction over the performance of DBH Faruq Choudhury said despite the difficult operating environment and overall slowdown in the real estate sector, the company�s earnings showed its resilience in the year ended June 30, 2014.

The innovative investment policy and the initiatives to increase quality services undertaken by the management of DBH have contributed positively to continue its profit, he said hoping that this trend would continue in future also.

Referring to the achievements of �Best Financial Institution� in 2014 by DHL-Daily Star Bangladesh Business Award and the highest credit rating triple �AAA� for the 8th consecutive year, Mr. Choudhury said these achievements proved that DBH is the role model in the corporate financial sector which will, in fact, encourage our continuous effort to expand housing sector in the Country.


21 Jul
July 21, 2014

DBH provides scholarships to the students of BRAC University

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As a part of the Corporate Social Responsibility (CSR) program of Delta Brac Housing Finance Corporation Limited (DBH), the Company granted funds to BRAC University to provide scholarships to the exceptionally talented students coming from lower income families. The recipients of the scholarship would be called �DBH Scholars�.

In this connection, a simple ceremony was held at DBH�s head office at Dhaka on July 21, 2014 wherein Mr. Syed Aminul Islam, Head of Finance of DBH handed over a cheque amounting to Tk. 48.00 lacs to the Treasurer of BRAC University, Mr. Sukhendra Sarkar. Mr. Q M Shariful Ala, Managing Director and CEO of DBH, Mr. S. N. Kairy CFO of BRAC & BRAC International, Mr. Jashim Uddin, Company Secretary of DBH and Ms. Ismat Shereen, Head, RMO & PRO of BRAC University were also present on this occasion, said a statement.


27 Feb
February 27, 2014

DBH Rated Highest 'AAA' for the 8th consecutive year

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Delta Brac Housing Finance Corporation Ltd. (DBH) has been rated 'AAA' (Triple A), topmost of the rating scale for long term and ST-1 for short term for the eighth consecutive year.

Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) recently handed over the Credit Rating Report of the company to Mr. Q.M. Shariful Ala, Managing Director and Chief Executive Officer (CEO) of DBH at a function held at the latter's corporate office in Gulshan, Dhaka. Senior officials of DBH and CRAB were present at the function.

CRAB's independent Rating Committee (RC) comprising of reputed financial experts of the country awarded this highest rating on the basis of in-depth qualitative and quantitative analysis of the audited financials of the company and other relevant information. The credit rating AAA reflects the company's extremely strong capacity to meet financial commitment sand highest quality with minimal credit risk.

The CRAB rating report stated that DBH has successfully maintained excellence in operational areas including capital adequacy, asset quality with lowest level of non-performing loans, operational efficiency, management strength, corporate governance and business franchise as a specialist Housing Finance Institution. On the backdrop of difficult business environment, the quality of assets of DBH also continues to be strong with non-performing loans remaining below half percent which is the lowest in the industry coupled with consistent growth in asset size and profitability and this has actually helped DBH in achieving the highest AAA credit rating for the eighth consecutive year, it highlighted.

While receiving the rating, Mr. Shariful Ala said "we are delighted to have accomplished this major achievement of being rated as the highest rated entity among all the banks and financial institutions of the country for eight successive years. This rare accomplishment is a reflection of our financial strength, efficiency and strong governance."

"Till date, we have disbursed housing loan in excess of Tk. 4950 crore in our efforts to expand home ownership in the country. Our total assets presently exceed Tk. 3,100 crore and recently our fixed deposit base crossedthe Tk. 2,000 crore mark," he said adding "We thank all our stakeholders for their active support in attaining this prestigious rating once again".


09 Jan
January 9, 2013

DBH Employees volunteer building low cost homes

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Employees of Delta Brac Housing Finance Corporation Ltd. (DBH) along with the volunteers of USA, Newzealand, Australia and China took part in the volunteers-sponsorship home building activities launched by Habitat for Humanity International Bangladesh (HFHIB) at Doluchara village of Sreemongal of Sylhet. Under the programmed, Habitat for Humanity International Bangladesh (HFHIB), an internationally reputed non-government organization (NGO) with the financial assistance of DBH constructed the low cost houses for the low income families of Tripura tribes at Doluchara.

A team of employees of DBH headed by Deputy Manager (Brand and Communications) Imtiaz Elahi, went to Doluchara recently to join the day long home building activities of HFHIB. They carried brick, sand and cement, mixed mortars and laid bricks for walls. Senior Officials of HFIHB and 76 international volunteers of different countries also took part in the build.

As part of Corporate Social Responsibility (CSR), DBH is joining such program since 2009 to provide affordable shelter and housing for low income families. DBH is the first among the country�s financial institutions which is supporting to build low cost houses for low income families.

DBH Managing Director Q. M. Shariful Ala said each corporate house has some social responsibility and DBH, as part of CSR, is being carried out program for the homeless poor people since 2009.

We want to make our contribution in the society as we believe that business and society go hand in hand,  Sharif said adding this sort of program will not only help building low cost reliable housing solutions in the country, but also inspire others to stand by the low income families the country.

Sharif said the scarcity of land is the major problem to provide shelter for the people of low income group. He urged both government and private sector to come forward to meet the fast growing demand of housing for the low income families of the country.


19 Dec
December 19, 2012

DBH Rated Triple A for the 7th Consecutive Year

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Delta Brac Housing and Finance Corporation Ltd. (DBH) was rated �AAA� (Triple A), top to the rating scale for long term and ST-1 for short term for the seventh consecutive year.

Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) today handed over the Credit Rating Report of the company to Mr. Q.M. Shariful Ala, Managing Director and Chief Executive Officer (CEO) of DBH at a function held at the latter�s corporate office in Dhaka. Senior officials of DBH and CRAB were present at the function.

CRAB�s independent Rating Committee (RC) comprising of financial analysts of home and abroad prepared the credit rating report on the basis of qualitative and quantitative analysis and balance sheet for the fiscal year 2011-12 of the company. The credit rating AAA indicates highest level of safety and security for the prospective investors and other stakeholders of the companies.

The CRAB rating report said DBH has maintained an operating efficiency that has ensured the strong position of the company. In the face of difficult market conditions, the quality of assets also continues to be strong with non-performing loans remaining below quarter percent and this has actually helped DBH achieving the highest AAA credit rating for the seventh consecutive year, it said.

While receiving the rating, Shariful Ala said �we are delighted to receive this rating which is reflection of our strong financial strength and a testimony of our commitment to ensuring that our depositors and lenders are consistently provided the highest possible level of safety and security.�

�During 2012, our home loan disbursements crossed Tk.4000 crores and as a matter of fact, among all local banks and financial institutions, DBH is the only one to have retained the highest credit rating in such a successive manner,� he said adding we are thankful to all our clients and colleagues in the Company for their support in getting this prestigious rating once again.


09 Dec
December 9, 2012

Dividend Information

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The NRB Shareholders and the Shareholders whose Bank details are incomplete, their dividend will only be paid through issuance of dividend warrant (about 400 only out of 3391) along with the sale proceeds of the fraction shares from 10.12.2012 to 12.12.2012 from our Head Office situated at Landmark Building (9th fl.), 12-14 Gulshan North C/A, Gulshan-2, Dhaka. The respective shareholders are requested to collect their dividend warrant during office hours only.

The warrants not deliver by hand will be sent to the addresses of the shareholder through courier services on December 13, 2012.


19 Nov
November 19, 2012

DBH to pay 25 percent dividend for the FY 2011-12

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Delta Brac Housing Finance Corporation Ltd. (DBH) will pay 25 percent dividend (15 percent stock and 10 percent cash) for the Financial Year 2011-12.
The general shareholders of the company unanimously gave approval of the stock and cash dividends as proposed by the Board of Directors at the 16th Annual General Meeting (AGM) of the company held today in the city�s La Vita of Lakeshore Hotel in Gulshan.

The meeting was attended by its directors Mr. A Z Mohammad Hossain, Barrister Mehreen Hassan, Swapan Kumar Sarkar, Shamsuddin Chowdhury, Managing Director and CEO Q. M. Shariful Ala and the shareholders.

While placing the financial statements Faruq Choudhury said the loan portfolio of DBH grew to Tk. 2,360 crore and Company�s funds under management was in excess of Tk. 3,979 crores in the fiscal 2011-12. The earnings per share during the year was Tk. 3.91, he said quoting the financial statements.

Expressing satisfaction over the performance of DBH Faruq Choudhury said despite the global economic recession and overall slowed down in sales in the real estate sector, the company�s earnings showed its resilience in the fiscal 2011-12.

The innovative investment policy and the initiatives to increase quality services undertaken by the management of DBH have contributed positively to continue its profit, he said hoping that this trend would continue in future also.

Faruq Choudhury said the cumulative home loan disbursement of DBH has crossed Tk. 4,000 crore milestones, which made it possible for the Company to retain its top position in the field of home loan disbursement, he said.

Referring to the awarding of highest credit rating triple �AAA� for the 6th consecutive year, Choudhury said this achievement proved that DBH is the only local financial institution to have received the highest credit rating which will, in fact, encourage our continuous effort to expand housing sector in the Country.


18 Nov
November 18, 2012

Faruq Choudhury re-elected as Chairman of DBH

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aruq A. Choudhury, former Foreign Secretary and Ambassador has been re-elected as Chairman of the Board of Directors of Delta Brac Housing Finance Corporation Ltd. (DBH) for the next two years.

He was re-elected as chairman at the 69th meeting of the Board of Directors of DBH held on Wednesday (14 November 2012).

Faruq Choudhury, a former career diplomat is presently a member of the Governing Board of BRAC and BRAC University Trustee Board. He is also a noted author and columnist. He has been a Director of DBH since its inception.


14 Aug
August 14, 2012

Price sensitive information

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28 Jun
June 28, 2012

DBH's home loan disbursement crosses Tk. 4,000 crore

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he cumulative home loan disbursement of Delta Brac Housing Finance Corporation Ltd. (DBH) has crossed Taka 4,000 crore, the highest amount of home loans disbursed by a single private financial institution in the housing sector. A loan disbursement function was organized at the Company's Head Office in Gulshan (June 28) to mark the event.

Senior Manager and Head of Branch Md. Zakaria Eusuf handed over the home loan disbursement cheque to their clients Sheikh Md. Saidul Alam and Zakia Sultana at the function which was attended, among others, by Company's Chairman Faruq Choudhury, Managing Director Q. M. Shariful Ala, Tanvir Kamal, Head of Credit and Nasimul Baten, Head of Operations.

With the handing over the cheque, DBH's home loan disbursement crossed Tk. 4,000 crore. This amount together with clients own equity contribution of equivalent amount helped DBH channelize more than Tk. 8,000 crore investments in housing sector since its inception, said Shariful Ala.
 


30 Jan
January 30, 2012

DBH Rated Highest Triple A for the 6th Consecutive Year

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Delta Brac Housing Finance Corporation Ltd., known as DBH, was awarded highest level credit rating �AAA� (Triple A) for the sixth consecutive year. DBH is, to date, the only local Financial Institution licensed by Bangladesh Bank to be rated Triple A for the last 6 consecutive years.

Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) handed over the Credit Rating Report to Mr. Q.M. Shariful Ala, Managing Director and CEO of DBH at a function held at the latter�s corporate office in Dhaka on Sunday (29 January 2012). Senior officials of DBH and CRAB were present at the function.

CRAB�s independent Rating Committee comprising of financial analysts from home and abroad prepared the credit rating report on the basis of qualitative and quantitative analysis of the financials of DBH, and the rating is valid up to December 31, 2012.

The CRAB rating report indicated that Triple A rating has been given to DBH for excellent financials, healthy and sustainable franchises and a first rated operating environment.

�Triple A reflects DBH�s strong asset quality, capital adequacy, operating efficiency, management strength, corporate governance and market leadership,� Managing Director of CRAB Hamidul Huq said adding �in fact, the credit rating is an indication of the safety, security and strength of a financial institution which is relevant to its depositors and other investors such as shareholders and lenders�.

Q. M. Shariful Ala said �we are delighted to be awarded the coveted Triple A rating for the sixth consecutive year. Receiving Triple A is a testament to our strong fundamentals and will help in our continuous efforts to expand and finance home ownership in the country�.


17 Sep
September 17, 2011

DBH Board recommends 100 percent stock dividend

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The Board of Delta Brac Housing Finance Corporation Ltd. (DBH) has recommended 100 percent stock dividend i.e. one bonus for each share held.

The Board meeting held at its head office on Thursday (15 September) also declared earning per share (EPS) Tk. 98 for 2010-11 which was Tk. 59 in the previous year, an increase of 66%.

Presided over by Chairman of DBH Mr. Faruq A. Choudhury the meeting was also attended by its Directors Mr. Nasir A. Choudhury, Mr. Nurul Huda, Mr. Muhammed Syedul Islam, Mr. Ishtiaq Mohiuddin, Mr. M. Muhibur Rahman and Mr. Q. M. Shariful Ala, Managing Director & CEO.

The meeting was informed that DBH has earned an operating profit of Tk. 100 crores (approx.). The Company�s funds under management have increased to Tk. 3,500 crores (approx.) and the quality assets continue to be strong with non-performing loans remaining below 0.50 percent.

Expressing satisfaction over the company�s performance Mr. Faruq Choudhury said �clients and shareholders trust on DBH have made it possible to become the market leader in housing finance.� He expected that DBH will continue to retain its top position in the housing finance sector.

Referring to the awarding of highest credit rating triple AAA for the fifth consecutive year, Mr. Choudhury said this achievement will encourage our continuous effort to expand home ownership in the country.

In the meeting he also emphasized on taking up innovative programmes to enhance earning of the Company.


07 Feb
February 7, 2010

Trading of DBH First Mutual Fund starts

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Transaction of the DBH First Mutual Fund unit starts from February 07, 2010 in both the Stock Exchanges of the country. DBH the leading home loan provider Financial Institution sponsored the DBH First Mutual Fund to extend its role to the capital market of the country.

IPO of DBH First Mutual Fund was oversubscribed by about 13 times. A total of Tk. 530 crore was deposited against Tk. 40 crore public subscription which was the largest ever subscription for a mutual fund public offering in Bangladesh.

LR Global Bangladesh Ltd. is the Asset Manager of DBH First Mutual Fund which has a long history of deep and extensive experience in investments in frontier countries including Bangladesh.

Bangladesh General Insurance Co. Ltd (BGIC) is the Trustee of the DBH First Mutual Fund and Standard Chartered Bank is the Custodian of the Fund.


05 Feb
February 5, 2010

DBH employees volunteer building low cost homes

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Employees of Delta Brac Housing Finance Corporation Ltd. known as DBH took part in the volunteers-sponsorship home building activities launched by Habitat for Humanity International Bangladesh (HFHIB) at Savar in Dhaka on Friday (5 February 2010).

Habitat for Humanity International Bangladesh (HFHIB), an internationally reputed non-government organization (NGO) with the financial assistance of DBH is constructing low cost houses for the low income families at Savar.

A team of employees of DBH headed by Dominic D' Cruze, Head of Marketing and Customer Management, went to Savar on 5 February to join the day long home building activities of HFHIB. They carried brick, sand and cement, mixed mortars and laid bricks for walls. Senior Officials of HFIHB also took part in the build.

As part of Corporate Social Responsibility (CSR), DBH arranged similar programme in 2009 to provide affordable shelter and housing for low income families at Kaligonj. DBH is the first among the country's financial institutions which is supporting to build low cost houses for low income families.

DBH Managing Director Q. M. Shariful Ala said "we want to make our contribution in the society as we believe that business and society go hand in hand." This sort of programme will help build low cost but reliable housing solutions for the low income families of the country, he said.

Mr. Shariful Ala said the scarcity of land is the major problem to provide shelter for the people of low income group. He urged both government and private sector to come forward to meet the fast growing demand of housing for the low income families of the country.


31 Jan
January 31, 2010

DBH Rated Highest 'AAA' for the 4th Consecutive Year

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Delta Brac Housing Finance Corporation Ltd., known as DBH was rated 'AAA' (Triple A), top to the rating scale for long term and ST-1 for short term for the fourth consecutive year.

Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) handed over the Credit Rating Report to Mr. Q.M. Shariful Ala, Managing Director of DBH at a function held at the latter's corporate office in Dhaka. Senior officials of DBH and CRAB were present at the function.

CRAB's independent Rating Committee comprising of financial analysts of home and abroad prepared the credit rating report on the basis of qualitative and quantitative analysis and balance sheet for the financial year 2008-09 of the company.

The CRAB rating report indicated that AAA credit rating has been given to DBH for excellent financials, healthy and sustainable franchises and a first rated operating environment.

"AAA reflects DBH's strong asset quality, capital adequacy, operating efficiency, management strength, corporate governance and market leadership," Managing Director of CRAB Hamidul Huq said adding "in fact, the credit rating is an indication of the relative safety, security and strength of a financial institution which is relevant to its depositors and other investors such as shareholders and lenders".

Q. M. Shariful Ala said "we are happy to get AAA for the fourth consecutive years. Receiving triple AAA is a testament to our strong fundamentals and will help increasing our services as well as DBH's continuous efforts to expand home ownership in the country.


23 Nov
November 23, 2009

DBH's dividend payout increases by 38 percent

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The dividend payout of Delta Brac Housing Finance Corporation Ltd. (DBH) has increased by 38 percent compared to last year as the company has declared 15 percent stock dividend i.e., 3 bonus shares against every 20 ordinary shares and 17 percent cash dividend for 2008-09.

The announcement of stock and cash dividends by the board was approved by the general shareholders at the company's 13th AGM that held at the Harmony Hall of Bangbandhu International Conference Centre in the city today. Chairman of DBH Mr. Faruq A. Choudhury, who presided over the meeting, presented the Directors' Report, the Auditors' Report and the audited Financial Statements for the FY 2008-09 at the AGM.

The AGM was also attended by Directors Mohammad Aminul Alam, Dr. Syed Mukarram Ali, Nasir A. Choudhury, Dr. Kabir Hussain Choudhury, Nurul Huda, Muhammed Syedul Islam, Pradip Kumar Mukherjee, Q. M. Shariful Ala, Managing Director and the general shareholders.

According to the financial statements, the earning per share (EPS) has increased to Tk. 64 in the year 2008-09 against Tk. 47 in the last year showing a growth of 36 percent.

DBH continued to grow its business and profitability despite stiff competition from banks and other financial institutions and sluggish trend in the real estate sector due to the fallout of global economic recession.

DBH has earned a net profit after payment of income tax of Tk. Tk. 233.89 million as against Tk. 176 million in the previous year. The company's funds under management have increased by 38 percent to Tk. 23,800 million and the quality assets continue to be strong with non-performing loans remaining below 0.50 percent.

The statement said DBH's loan book experienced a 35 percent rise to Tk. 13,241 million from Tk. 9,791 million in the previous year. Loan disbursement during the year was Tk. 5,327 million against Tk. 4,002 million in the previous year representing a growth of 33 percent.

Expressing satisfaction over the company's performance despite downturn in the real estate sector caused by the global economic recession Mr. Faruq Choudhury said "clients and shareholders trust on DBH have made it possible to become the leaders in housing finance." DBH will continue to retain its top position in the housing sector as like in the past, he hoped.

Referring to the awarding of highest credit rating triple 'AAA' for the fourth consecutive years, Mr. Choudhury said this achievement will encourage our continuous effort to expand housing sector in the country. The success made by the company had been possible because of the strong support received from its clients and regulators, including the Bangladesh Bank and the Securities and Exchange Commission, other relevant government agencies, shareholders, DBH Board members and its competent and professional work force, he said.

The shareholders appreciated the operational and financial performance during the period under review.


12 Jul
July 12, 2009

DBH provides assistance to HFHIB for building shelters for the Aila affected families

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Delta Brac Housing Finance Corporation Ltd. (DBH), the specialist in housing finance, has provided financial assistance to the project of Habitat for Humanity International-Bangladesh (HFHIB) for building shelters to the Cyclone Aila affected families of Shyamnagar and Ashashuni upazilas of Satkhira.

Managing Director of DBH Q. M. Shariful Ala today handed over a cheque of Taka 500,000 to National Director of HFHIB Ms. Kelly Koch at a simple ceremony here in Dhaka.

HFHI-B's Disaster Management Manager Ranadhir Kumar Das and PR & Resource Development Manager Emelda Mullick, DBH Head of Finance & Company Secretary S. H. Aslam Habib, Head of Marketing and Communications Dominic D' Cruze were, among others, present.

Ms. Kelly Koch thanked DBH for their generous contribution and assured that the amount will be used for building affordable transitional shelters for the cyclone Aila affected families in Satkhira District who are living in most vulnerable conditions.
DBH is a Corporate Social Responsibility (CSR) partner of HFHI-B which engaged in building affordable low cost homes worldwide. The company took decision to provide assistance to the Aila affected families after getting a report from HFHI-B's Disaster Rapid Assessment Team (DRAT) on Cyclone Aila's damage which concluded that the shelter needs are most dire in Shyamnagar and Ashashuni upazilas of Satkhira.

"DBH joins hand in this humanitarian effort as it is committed to make contributions in the society side by side its business," said Managing Director of DBH Q. M. Shariful Ala adding it's not possible for the government alone to carry out such a huge rehabilitation work in the cyclone Aila affected families.

Both government and private sector should come forward to resolve the humanitarian problem of the Cyclone Aila affected areas, he added.

As part of its CSR effort, DBH patronizes number of programmes for providing shelters for the poor and underprivileged each year. Last year, it took part in a volunteer-home building activity with HFHI-B at Kaligonj in Dhaka.


21 Jan
January 21, 2009

DBH Property Spotlight Launched

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Delta Brac Housing Finance Corporation Ltd. known as DBH has launched a program titled DBH Property Spotlight today (June 21, 2009) to highlight large housing projects aimed at increasing home ownership levels of the middle and lower middle income population of the country. DBH will provide home loans on easy terms for the purchasers of flats in these housing projects.

DBH, the specialist in housing finance has already signed an agreement with Rupayan Housing Estate Ltd for providing home loans with interest rate starting from 9 percent for the purchasers of flats in Rupayan Town project at Bhuighar, 8 km away from Dhaka. DBH is expected to sign agreement with a number of developer companies who are building satellite town in the suburbs of Dhaka city. Home loan with 9 percent interest will be provided to clients subject to fulfillment of the criteria set by Bangladesh Bank under its refinance scheme.

During DBH Property Spotlight programme, a special team will be engaged to provide home loan service to the prospective clients of that project. The flat purchasers will also enjoy special discount on loan processing fees with quick loan approval facility.

Head of Home Loans of DBH Nasimul Baten said that some developers are coming up with satellite town projects in the outskirts Dhaka to meet the housing demand of the middle class people. Taking into cognizance the huge demand to purchase flats in the satellite town, DBH has come up with loan facilities on easy terms for the purchasers of flat. DBH Spotlight program will benefit particularly the middle class people who are interested to buy flats with the support of home loans, he added.


01 Jan
January 1, 2009

DBH Launches Property Services

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Delta Brac Housing Finance Corporation Ltd. (DBH), the country�s sole home loan specialist, has recently launched DBH Property Services (DBHPS) with the intent of providing professional and risk free service for individuals interested in selling or buying properties. At present DBHPS is operating in Dhaka city only. Prospective buyers will also be eligible for home loans subject to DBH guidelines.

Managing Director of DBH, Mr. Q M Shariful Ala said �Many buyers and sellers of property have been cheated by unscrupulous brokers who lack professional ethics. At DBHPS, buyers and sellers can rest assured that their interests are protected by a �AAA� rated financial institution like DBH.�

DBH, a leading financial institution with highly reputable of local and foreign investors including World Bank�s private sector affiliate International Finance Corporation (IFC) has introduced DBHPS to give the service an institutional shape and make the entire process of buying and selling of property as easy as possible.

Mr. Shariful Ala said while such professional brokerage services are common in many developed economies, hitherto no such services were available in Bangladesh. He went on to mention �based on feedback from many clients, we realized that buyers and sellers of property preferred to deal with an institution like DBH, instead of individual brokers.� And it only made sense that being the leader in real estate financing, DBH should step in to meet this need �, he said adding � We have launched the property services so that customers who deal with DBHPS will receive the best service, and are not cheated in buying and selling of their property�.

DBH currently offers the widest range of home loan products including apartment/flat purchase, home construction, improvement of existing homes, as well as lucrative deposit schemes. Its six branches and a sales center are located in Dhaka, Chittagong and Sylhet.
 


20 Dec
December 20, 2008

DBH Joins Hand in an Exceptional Programme

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Faruq A. Choudhury, former foreign secretary and a noted columnist and author has been re-elected as Chairman and Nasir A. Choudhury, a leading figure of the insurance industry of Bangladesh as Vice-Chairman of Delta Brac Housing Finance Corporation Ltd. (DBH) for the next one year in the 98th meeting of the Board of Directors of the Company held at a local hotel on Thursday.


Mr. Faruq A Choudhury has earned reputation for writing articles on contemporary issues in the national daily newspapers and many books. He was awarded Bangla Academy Sahitya Puroshkar 2015 for writing book on biography and travelogue and IFIC Bank Sahitya Puroshkar 2014 for `Joboner Balukabelay’. Faruq A. Choudhury, a former career diplomat and High Commissioner to India was Adviser of BRAC from 1992 to 2006. He is presently a member of the BRAC University Trustee Board. He has been a Director of DBH since its inception.


Mr. Nasir Choudhury is a pioneer and renowned personality in the field of insurance in Bangladesh. He was the founder managing director and presently adviser of Green Delta Insurance Company Limited. He is also the Chairman of Green Delta Securities Ltd., Green Delta Capital Ltd & GD Assist Ltd. He is also a Director of Progressive Life Ltd and United Hospital Ltd. Mr. Nasir A Choudhury was honored in 2010 with the DHL-Daily Star “Lifetime Achievement Award” for his contribution towards the development of the insurance industry in Bangladesh. He has been a Director of DBH since its inception.