Bangladesh House Building Finance Corporation (BHBFC) reduced its classified loans to 4.72 percent in fiscal 2021-22, which is the lowest among state-owned banks and financial institutions, a press release said Wednesday.
BHBFC Managing Director (MD) Md. Afzal Karim said it has become possible for effective monitoring and supervision at all levels.
BHBFC set targets of sanctioning and disbursing Tk 700 crore and 600 crore respectively for the FY 2021-22. By the year, the organization sanctioned Tk 715 crore to 1927 new borrowers and disbursed Tk 589 crore respectively. The percentage of loan recovery is 96.56 percent of total recoverable loans.
Resolving court cases and overall audit objections BHBFC has achieved the success of gaining the percentage of 179 and 113 respectively.
For all of those achievements BHBFC would be able to gain a net profit (before tax) of Tk. 230 crore, the MD hoped.
