POST TIME: 31 July, 2021 05:55:39 PM
DBH registers 81% profit growth
Staff Reporter, Dhaka

DBH registers 81% profit growth

Delta Brac Housing Finance Corporation Ltd (DBH), the AAA rated financial institution for last sixteen years, posted 81% net profit growth in first half of 2021 compared to same period last year, says a press release.

Since inception in 1996, the company registered commendable growth in creating home ownership in the country. 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% and 81% growth respectively from corresponding period of previous year.

DBH has a solid Capital Adequacy Ratio (CAR) of 24% and Return of Equity (ROE) stands at 15% as on 30th June 2021. Its earning per share (EPS) for the half year period stands at Taka 2.80 which was Taka 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% of its loan book. The level of credit rating provides a very important indication of the financial safety, security and strength of the financial institution and is particularly relevant to its depositors and other investors such as shareholders and lenders.