The shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) unanimously approved a 25% dividend (15% cash & 10% Stock) for the year ending December 31 last year as proposed by the Board of Directors, says a press release. The shareholders also approved two special resolutions for changing its name from ‘Delta Brac Housing Finance Corporation Ltd.’ to ‘DBH Finance PLC’ and increasing its authorized capital from Tk. 200 crore to Tk. 400 crore. Also read:B’Yeah: Shaping up the Youth Entrepreneurship Prospects in Bangladesh The approvals were given at the 26th annual general meeting (AGM) of the company held on Sunday by using a digital platform with its Chairman, Nasir A Choudhury in the chair. In the meeting, Managing Director and CEO Nasimul Baten highlighted the achievement of the highest credit rating ‘AAA’ for the 16th consecutive year with lowest level of Non-Performing Loan. He also mentioned that as a specialized housing finance institution, DBH registered 18% growth in Operating Profit in 2021 compared to previous year. The NPL ratio is only 0.63% of the total loan portfolio, which is one of the best in the country's financial sector. Besides, the chairman of the company Nasir A Choudhury said that the profit after tax of the Company reached to Tk. 104 crore for 2021 which is 17% higher than previous year, mentioning that Company’s total assets increased to Tk. 6,028 crore. Also read:'Seeds for the Future 2022 Bangladesh' inaugurated Expressing satisfaction over the performance of DBH, Nasir Choudhury said despite the difficult operating conditions and overall slowdown in the economy due to Covid-19, the company’s performance demonstrated its resilience and strength. The initiatives undertaken by the management to improve the risk management and service quality contributed positively to continue its profit, he said, hoping that this trend will continue in future also.

Delta Brac Housing Finance Corporation Ltd (DBH) recently opened its 13 th branch in Rajshahi city with an aim to provide home loan and deposits services to the people of this region. The branch located at the third floor of Dulal Tower at Shaheb Bazar, Moni Chottorat the heart of Rajshahi city was inaugurated by Nasimul Baten, Managing Director and CEO of DBH The DBH MD said he hopes that the new branch will promote real estate development in this region and contribute to increase home ownership and in the process help DBH to attain significant business growth, particularly in the affordable housing segment. Read: Bangladesh well on track to adopt fintech for sustainable growth: Salim DMD & Head of Credit of DBH A. K. M. Tanvir Kamal, Head of Administration & Recovery Saiyaf Ejaz, Head of Loan Operations Md. Zakaria Eusuf, Head of Deposits, Business Planning & Alternate Channels Sabed Bin Ahsan, Branch In-Charge Md. Ashikur Rahman and other senior officials were present during the inauguration ceremony. This is the 13th branch of the company and first in the northern part of the country after having its branches in other major cities like Dhaka, Chattogram, Sylhet, Cumilla, Khulna Gazipur and Narayanganj. DBH, the home loan specialist institution with AAA credit rating for 16 consecutive years, is planning to expand geographically to cover major urban areas across the country. Read DBH: Shareholders approve 25% dividend, propose for name change

Delta Brac Housing Finance Corporation (DBH) has won gold at the 8th ICSB National Award 2020 for corporate governance excellence in the non-bank financial institution (NBFI) category. The award ceremony, hosted by the Institute of Chartered Secretaries of Bangladesh (ICSB), was held in the capital recently. Read: 50 years of Bangladesh's independence: Singer offers 50% discount on special edition refrigerators Company Secretary of DBH Md Jashim Uddin received the trophy and certificate from Commerce Minister Tipu Munshi. Nasimul Baten, managing director and CEO of DBH, said, "We received the "Gold Award" from the ICSB for corporate governance excellence in the NBFI category in 2018 and 2019 as well. This recognition will inspire us to continue to strive for excellence." Read Delta Brac Housing opens its 13 th branch in Rajshahi