The Board of Delta Brac Housing Finance Corporation Ltd. (DBH) has recommended 100 percent stock dividend i.e. one bonus for each share held.
The Board meeting held at its head office also declared earning per share (EPS) Tk. 98 for 2010-11 which was Tk. 59 in the previous year, an increase of 66 per cent.
Presided over by Chairman of DBH Mr. Faruq A. Choudhury, the meeting was also attended by its Directors Mr. Nasir A. Choudhury, Mr. Nurul Huda, Mr. Muhammed Syedul Islam, Mr. Ishtiaq Mohiuddin, Mr. M. Muhibur Rahman and Mr. Q. M. Shariful Ala, Managing Director & CEO.
The meeting was informed that DBH has earned an operating profit of Tk. 1.0 billion (approx.). The Company's funds under management have increased to Tk. 35.00 billion (approx.) and the quality assets continue to be strong with non-performing loans remaining below 0.50 percent.
Expressing satisfaction over the company's performance Mr. Faruq Choudhury said "clients and shareholders trust on DBH have made it possible to become the market leader in housing finance." He expected that DBH will continue to retain its top position in the housing finance sector.
Referring to the awarding of highest credit rating triple 'AAA' for the fifth consecutive year, Mr. Choudhury said this achievement will encourage our continuous effort to expand home ownership in the country.
In the meeting he also emphasized on taking up innovative programmes to enhance earning of the Company.
The Board meeting held at its head office also declared earning per share (EPS) Tk. 98 for 2010-11 which was Tk. 59 in the previous year, an increase of 66 per cent.
Presided over by Chairman of DBH Mr. Faruq A. Choudhury, the meeting was also attended by its Directors Mr. Nasir A. Choudhury, Mr. Nurul Huda, Mr. Muhammed Syedul Islam, Mr. Ishtiaq Mohiuddin, Mr. M. Muhibur Rahman and Mr. Q. M. Shariful Ala, Managing Director & CEO.
The meeting was informed that DBH has earned an operating profit of Tk. 1.0 billion (approx.). The Company's funds under management have increased to Tk. 35.00 billion (approx.) and the quality assets continue to be strong with non-performing loans remaining below 0.50 percent.
Expressing satisfaction over the company's performance Mr. Faruq Choudhury said "clients and shareholders trust on DBH have made it possible to become the market leader in housing finance." He expected that DBH will continue to retain its top position in the housing finance sector.
Referring to the awarding of highest credit rating triple 'AAA' for the fifth consecutive year, Mr. Choudhury said this achievement will encourage our continuous effort to expand home ownership in the country.
In the meeting he also emphasized on taking up innovative programmes to enhance earning of the Company.
Source: FE
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