BHBFC earns Tk 1950m profit in FY14

Bangladesh House Building Finance Corporation (BHBFC) earned a profit of Tk 1,950 million (Tk 195 crore) in the immediate past fiscal 2013-2014. The amount is Tk 57.8 million more than the previous year’s profit of Tk 1,889.9 million. Managing Director of the BHBFC Dr M Nurul Alam Talukdar said the corporation has registered the success overcoming fund constrains. ‘We could have made more profit if we had sufficient funds,’ he said. During the fiscal 2013-2014, the BHBFC endorsed a total loan of Tk 2,851.8 million. A provisional report of the BHBFC said at present the rate of classified loan stands at 6.50 per cent, which was 9.25 per cent in fiscal 2012-13, according to BSS.