Bangladesh House Building Finance Corpo-ration (BHBFC) set records in achieving or exceeding its targets in the fiscal year (FY) 2021-22. The organisation performed excellently well also in the fiscal year 2020-21.
The state-owned institution providing home loans and investment across the country has achieved its success in almost every indicator like reducing classified loans to a minimum level, loan sanctioning and disbursement, loan recovery, resolving court cases and overall audit objections in the FY 2021-22.
BHBFC reduced its classified loans to 4.72 per cent, the lowest among state-owned banks and financial institutions.
BHBFC Managing Director (MD) Md. Afzal Karim said it was possible for proper leadership, effective monitoring and supervision at all levels and also for efforts of all employees to achieve this success.
BHBFC set targets to sanction and disburse Tk 7.0 billion (700 crore) and Tk 6.0 billion (600 crore) respectively for the FY 2021-22. By the year, the organisation sanctioned Tk 7.15 billion (715 crore) to 1927 new borrowers and disbursed Tk 5.89 billion (589 crore). The percentage of loan recovery was 96.56 against total recoverable loans. Resolving court cases and overall audit objections BHBFC achieved the success. The BHBFC would be able to make a net profit (before tax) of Tk 2.30 billion (230 crore), the MD said.
© 2025 - All Rights with The Financial Express
