BHBFC capital base to rise

The government would soon raise the capital base of Bangladesh House Building Finance Corpora-tion (BHBFC), aiming to strengthen its capacity to meet increased demand for loans.
The state-run financial institution's authorised and paid-up capital will be increased to Tk 10 billion and Tk 5.0 billion respectively from existing Tk 1.1 billion each.
Finance Minister AHM Mustafa Kamal said it on Sunday, while inaugurating virtually the online loan instalment payment system of BHBFC through Sonali Bank's e-sheba platform.
He said that a law was awaiting parliament's nod and explained that the government has taken the move amid increased demand for home loans.
BHBFC managing director Md Afzal Karim presided over the event held at a city hotel.
Comptroller and auditor general (CAG) of Bangladesh Mohammad Muslim Chowdhury, finance division senior secretary Abdur Rauf Talukder, financial institutions division secretary Sheikh Mohammad Saleem Ullah, Sonali Bank chairman Ziaul Hasan Siddiqui and BHBFC chairman Prof Dr Md Salim Uddin also spoke at the programme.
The event was told that from now on the loan instalments and the price of saleable forms and fees can be paid online from anywhere instantly using the e-sheba payment gateway through debit or credit cards or mobile wallets.
In this method, the money of the customer's own account in Sonali Bank can also be transferred as loan instalment instantly.
As soon as the deposits and transfers are made, the depositors would instantly be confirmed about the transactions as well as the latest balance by auto generated voucher and short message service (SMS).
Speaking on the occasion CAG Mohammad Muslim Chowdhury expressed satisfaction over digitisation of the payment system which will facilitate the borrowers to deposit loan instalments from any places.

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