HBFC earns Tk 152cr profit last fiscal

The Bangladesh House Building Finance Corporation (HBFC) has earned a net profit of Tk. 151.79 crores in the fiscal year 2011-2012. During the year, the amount of loan disbursement is Tk. 294.84 crores. The amount of loan disbursed increased by 31.43 per cent  as compared to the year 2010-2011, says a press release. This was disclosed at the 392nd meeting of the Board of Directors of BHBFC held at its head office in the city recently. The Board approved the External Audit Report of the Corporation for the fiscal year 2011-2012.
The status of loan recovery, particularly recovery from classified loan has improved. The present rate of classified loan is 14.04 per cent  (the rate of un-classified loan is 85.96 per cent ). In the FY : 2011-2012, the Corporation has maintained the required provision. The Corporation has paid an amount of Tk. 43.15 crores as income tax during the FY : 2011-2012. In the FY : 2011-2012 the total assets of the corporation has increased to Tk. 3256.41 crores.
Md. Yeasin Ali, chairman of the Board of Directors, Bangladesh House Building Finance Corporation; Dr. Md. Nurul Alam Talukder, managing director and other directors of the board signed the External Audit Report of the BHBFC for the fiscal year 2011-2012.

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