BHBFC earns Tk 185cr profit in FY 2014-2015

Bangladesh House Building Finance Corporation provisionally posted a net profit of about Tk. 185.02 crore in the fiscal year 2014-2015.

During the fiscal year, BHBFC sanctioned Tk.311.21 crore and disbursed Tk. 271.73 crore with BHBFC-300the part of that of the previous year. In the fiscal year 2013-2014 sanctioned and disbursed amount was Tk. 285.18 & 388.90 crore respectively.

In the fiscal year 2014-2015 the recovered amount was Tk. 482.96 crore. In the fiscal year 2013-2014 recovered amount was Tk. 459.18 Crore. The rate of increment of recovery is 5.18%.

The status of loan recovery has improved significantly. The present rate of classified loan is about 5.92%. In the fiscal year 2013-2014 it was 7.14%.

Current outstanding balance is 3,026.50 Crore, which was 2,974.73 Crore in the previous year.