• Tuesday, Aug 03, 2021
  • Last Update : 04:47 pm

DBH awarded AAA credit rating for 16th consecutive year

  • Published at 10:53 pm June 20th, 2021
delta

These are the highest credit ratings given to companies with strong financial capacity and judged to have the highest level of safety and security

Delta Brac Housing Finance Ltd. (DBH) was recently awarded credit ratings AAA for long term and ST-1 for short term.

These are the highest credit ratings given to companies with strong financial capacity and judged to have the highest level of safety and security. 

To date, DBH is the only local financial institution to be rated AAA for the 16th consecutive year, said a press release.

Nasimul Baten, managing director and CEO of DBH, mentioned that the highest credit rating of DBH over this long period reflects the company’s excellence in operational areas including capital adequacy, asset quality with lowest level of Non-Performing Loans in the industry, operational efficiency, management strength and corporate governance. He thanked all the stakeholders for their contribution and trust.

Recently, the Board of Directors of DBH decided to issue zero coupon bond worth Tk300 crore to strengthen its funding base. The bond issuance is subject to approval from Bangladesh Bank and Bangladesh Security and Exchange Commission.

DBH reported net profit growth of 20% for the first quarter of 2021 compared to the same period of last  year. Earnings per Share (EPS) of the company for the first quarter of 2021 rose to Tk2.01 (annualized Tk8.04) compared to Tk1.68 of the first quarter of 2020. The company paid 30% dividend (15% cash and 15% stock) to its shareholders for the year ended 2020.

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