[ad_1]
The shareholders of Delta Brac Housing Finance Company (DBH) unanimously authorised a 25 percentdividend (15 % money and 10 % inventory) for the 12 months ended on December 31, 2021, as proposed by the board of administrators.
As well as, the shareholders additionally authorised two particular resolutions to alter its title from “Delta Brac Housing Finance Company Ltd” to “DBH Finance PLC” and enhance its licensed capital from Tk200 crore to Tk400 crore, mentioned a press launch.
The approvals got on the twenty sixth annual basic assembly (AGM) of the corporate, held just lately utilizing the digital platform with its Chairman Nasir A Choudhury within the chair.
The assembly was attended by its Administrators Dr AMR Chowdhury, Md Mujibur Rahman, Moin Uddin Ahmed, M Anisul Haque, Anisur Rahman, Rahseda Ok Choudhury, Maj Gen Syeed Ahmed (Rtd), Vice-Chairman Mehreen Hassan, Managing Director and CEO Nasimul Baten, and Firm Secretary Jashim Uddin, in addition to the overall shareholders.
Whereas replying to the queries of the overall shareholders, MD and CEO Nasimul Baten highlighted the achievement of the very best credit standing, “AAA”, for the sixteenth consecutive 12 months with the bottom degree of non-performing loans.
He additionally talked about that, as a specialised housing finance establishment, DBH registered an 18 % progress in working revenue in 2021 in comparison with the earlier 12 months.
The NPL ratio is barely 0.63 % of the whole mortgage portfolio, which is among the greatest within the nation’s monetary sector. In his speech, the chairman of the corporate, Nasir A Choudhury, mentioned “The revenue after tax of the corporate reached Tk104 crore for 2021, which is 17 % greater than the earlier 12 months.” He additionally talked about that the corporate’s whole property elevated to Tk6,028 crore.
Newest Information
[ad_2]
Source link