Delta Brac Housing Finance Corporation Ltd (DBH), the largest housing finance company in the country, posted net profit growth of 17% in 2021 compared to the previous year.
The board of directors of the company in a recent meeting recommended a 25% dividend for the shareholders for 2021, out of which 15% is proposed as cash dividend and 10% is proposed as a stock dividend, subject to approval from general shareholders during the annual general meeting (AGM) which will be held on April 17, reads a press release.
DBH, the only NBFI of the country with an exclusive focus on home loans, posted an operating profit of Tk191.76 crore and net profit of Tk104.39 crore for the year 2021, registering 18% and 17% growth respectively from the previous year.
It's earning per share (EPS) for the year 2021 stands at Tk5.89 which was Tk5.03 in 2020.
Since its inception in 1996, for the last 25 years, the company registered commendable growth in creating home ownership in the country.
The company has its operations in Dhaka, Chittagong, Sylhet, Comilla, Gazipur, Narayanganj, Khulna and Rajshahi and since inception, it has disbursed home loans amounting to more than Tk13,300 crore with NPL less than 1% of its loan portfolio.
The company achieved the highest credit rating AAA for sixteen consecutive years.
