BB refinances Delta Brac Housing’s home loans
Monday, 5 November 2007
FE Report
Delta Brac Housing Finance Corporation Ltd (DBH), the specialist housing finance institution, has drawn down home loan from the Bangladesh Bank (BB) under BB's refinance scheme for the housing sector, according to a press release.
Dasgupta Asim Kumar, general manager of Agricultural Credit and Special Programmes Department of the Bangladesh Bank, handed over the sanction letter and other documents in connection with the refinancing to QM Shariful Ala, managing director of DBH, at a function held in the Bangladesh Bank Head Office in the city recently.
DBH is the first financial institution (FI) among all the banks and FIs of the country to have successfully disbursed home loans at 10 per cent to its customers and taken refinance from the Bangladesh Bank under the scheme.
DBH, being the specialist housing finance institution, has been providing customised home loan solutions to their customers under the BB Refinance Scheme. The BB Refinance Scheme for Housing Sector is aimed at enhancing homeownership among the middle and lower-middle income groups of borrowers through providing home loans at an affordable 10 per cent interest rate.
Under this scheme, the banks and FIs will disburse home loans to individual clients who meet the criteria set by the BB, and in turn the central bank will partially refinance the banks and FIs against their disbursed amount of home loans on a quarterly basis.
Abul Quasem, executive director, M Abdul Haque, deputy general manager, agricultural credit and special programmes department of Bangladesh Bank, Md Tohidul Islam, assistant director, agricultural credit and special programmes department of the Bangladesh Bank, were present on the occasion on behalf of the Bangladesh Bank.
Ishtiaq H Chowdhury, head of operations of DBH, and Latiful Mannan Chowdhury, manager-customer services, among others, were present on the occasion.
Delta Brac Housing Finance Corporation Ltd (DBH), the specialist housing finance institution, has drawn down home loan from the Bangladesh Bank (BB) under BB's refinance scheme for the housing sector, according to a press release.
Dasgupta Asim Kumar, general manager of Agricultural Credit and Special Programmes Department of the Bangladesh Bank, handed over the sanction letter and other documents in connection with the refinancing to QM Shariful Ala, managing director of DBH, at a function held in the Bangladesh Bank Head Office in the city recently.
DBH is the first financial institution (FI) among all the banks and FIs of the country to have successfully disbursed home loans at 10 per cent to its customers and taken refinance from the Bangladesh Bank under the scheme.
DBH, being the specialist housing finance institution, has been providing customised home loan solutions to their customers under the BB Refinance Scheme. The BB Refinance Scheme for Housing Sector is aimed at enhancing homeownership among the middle and lower-middle income groups of borrowers through providing home loans at an affordable 10 per cent interest rate.
Under this scheme, the banks and FIs will disburse home loans to individual clients who meet the criteria set by the BB, and in turn the central bank will partially refinance the banks and FIs against their disbursed amount of home loans on a quarterly basis.
Abul Quasem, executive director, M Abdul Haque, deputy general manager, agricultural credit and special programmes department of Bangladesh Bank, Md Tohidul Islam, assistant director, agricultural credit and special programmes department of the Bangladesh Bank, were present on the occasion on behalf of the Bangladesh Bank.
Ishtiaq H Chowdhury, head of operations of DBH, and Latiful Mannan Chowdhury, manager-customer services, among others, were present on the occasion.