BHBFC Board approves its annual audit report

The Board of Directors of Bangladesh House Building Finance Corporation (BHBFC) approved 2013-2014 Annual Audit Report of the organization on Tuesday (7th July-2015).

Chairman to the board of directors Sheikh Aminuddin Ahmed, along with other Directors and the Managing Director of BHBFC signed the report that shows 193.18 crore taka profit.

According to the report BHBFC sanctioned and disbursed 285.18 & 388.90 crore taka respectively in the financial year 2013-2014. In this year the corporation recovered 459.18 crore taka.

By recovering a huge amount of classified loan the organization has reduced the rate of classified loan from 9.25 to 7.14 percent. BHBFC has no provision deficiency now. By earning huge profit corporation paid 52.38 crore taka as income tax.