Wednesday, 29 September, 2021

DBH posts 81pc profit growth

  • Staff Correspondent
  • 1 August, 2021 12:00 AM
  • Print news

Delta Brac Housing Finance Corporation Limited (DBH) posted 81 percent net profit growth in first half of 2021 compared to same period last year.

Since inception in 1996, the company registered commendable growth in creating home ownership in the country, said a press release.

DBH primarily focused on financing different types of home loans and fixed deposit products.

The NBFI posted net profit before tax of Tk 84.44 crore and net profit after tax of Tk 49.69 crore for the January-June, 2021 period, registering 55 percent and 81 percent growth respectively from corresponding period of previous year.

DBH has a solid Capital Adequacy Ratio (CAR) of 24 percent and Return of Equity (ROE) stands at 15 percent as on 30th June 2021.

Its earning per share (EPS) for the half year period stands at Tk 2.80 which was Tk 1.54 in June 2020.

Among all local Banks and financial institutions operating in Bangladesh, only DBH has been rated the highest credit rating AAA for 16th consecutive year.

The Non Performing Loan (NPL) of DBH is lowest in the industry as it never crossed 1 percent of its loan book.

The level of credit rating provides a very important indication of the financial safety, security and strength of the financial institutions and is particularly relevant to its depositors and other investors such as shareholders and lenders.