DBH awarded AAA credit rating

Staff Correspondent

21 June, 2021 12:00 AM printer

DBH has been awarded credit ratings AAA for long term and ST-1 for short term for sixteen consecutive years.

These are the highest credit ratings and are given to companies with extremely strong financial capacity and judged to have the highest level of safety and security, said a press release.

The company declared 30 percent dividend (15 percent cash and 15 percent stock) to its shareholders for the year ended 2020.

DBH is to date the only local financial institution to be rated AAA for 16th consecutive year, that makes it uniquely different from other financial institutions of the country.

Recently the Board of Directors of DBH decided to issue zero coupon bond worth Tk 300 crore to strengthen its funding base. The bond issuance is subject to approval from Bangladesh Bank and Bangladesh Security and Exchange Commission.