DBH Finance PLC. (also known as DBH) is a private sector non-bank financial institution in Bangladesh. It is a public limited company listed in Dhaka Stock Exchange and Chittagong Stock Exchange. It was established in 1996 by an international joint venture[1] and started its operation in 1997. DBH specialises in real estate finance and is the largest institution in real estate finance. It is considered a pioneer and market leader in the private sector housing finance. DBH is the only financial institution in Bangladesh that has been receiving the highest credit rating of 'AAA' for 18 consecutive years.[2]
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| Company type | Public company |
|---|---|
| DSE: DBH CSE: DBH | |
| Industry | Real estate finance |
| Founded | 1996 |
| Headquarters | , Bangladesh |
Area served | Bangladesh |
Key people | Nasimul Baten (MD & CEO) |
| Products | Loans: Credit card, Car loan, Marriage Loan, Home Loan, Apartment Loan, Home Construction Loan, Housing Plot Loan, Home Extension Loan, Home Improvement Loan, Home Owner's Family Loan, Flexi Plus Home Loan Deposits: Annual Income Deposit, Annual Plus Income, Monthly Income Deposit, Quarterly Income Deposit, Cumulative Deposit, Flexible Fixed Deposit, Profit First Deposit, Easy Way Deposit, Children's Deposit, Easy Home Deposit |
| Revenue |  BDT 3,065.0 million (2011) |
| BDT 907.0 million (2011) | |
| Website | dbhfinance |
History
editDBH commenced its operation in 1997 as an international joint venture to promote private sector real estate financing in Bangladesh. There were 5 promoters in the initiative out of which 3 were local & 2 were international promoters. Their local promoters were Delta Life Insurance Company Limited, BRAC & Green Delta Insurance Company Limited. International sponsors included HDFC & IFC.[3][4]
Initially the company was formed as a private limited company and shareholding of the company was as follows:
| Sponsor | % of shareholding |
|---|---|
| Delta Life Insurance Company Limited | 25% |
| BRAC | 25% |
| Green Delta Insurance Company Limited | 20% |
| HDFC | 15% |
| IFC | 15% |
In 2008, the company became a public limited company and went for initial public offering (IPO). In the IPO, the company raised Taka 50 million issuing 500,000 ordinary shares. As of December 2012, the company has paid up a capital of Taka 1.16 billion. Current structure of shareholding of DBH is as follows:
| Sponsor | % of shareholding |
|---|---|
| Delta Life Insurance Company Limited | 17.34% |
| BRAC | 18.39% |
| Green Delta Insurance Company Limited | 15.31% |
| HDFC | 12.22% |
| IFC | 12.22% |
| General Public | 24.52%[5] |
About the company
editDBH is considered a market leader in the private sector real estate financing in Bangladesh. As a non-bank financial institution, DBH can operate in all the areas that a non-bank financial institution is allowed to do business in. However, it has been focusing on real estate financing only from the start which earned it the name 'specialist in housing finance'. It has provided home loans to more than 23,000 clients so far. DBH has a very good credit rating.[6] It has been receiving highest credit rating of 'AAA' for 18 consecutive years.[7]
References
edit- ^ Rahman, S M Mahfuzur (2012). "Delta BRAC Housing Finance Corporation". In Islam, Sirajul; Jamal, Ahmed A (eds.). Banglapedia: National Encyclopedia of Bangladesh (First ed.). Asiatic Society of Bangladesh. Archived from the original on 16 March 2008.
- ^ "AAA Credit Rating for 7 consecutive years". Beyondbuildingbd.com. Archived from the original on 28 March 2014. Retrieved 28 May 2013.
- ^ "Delta Brac Housing Finance Corporation Ltd. (DBH)". BankersBD.com. Archived from the original on 1 February 2014. Retrieved 31 August 2013.
- ^ "The home financier". The Daily Star. 6 April 2014. Retrieved 12 October 2016.
- ^ "Corporate Profile". Delta Brac Housing Finance Corporation Ltd. Archived from the original on 19 April 2013. Retrieved 28 May 2013.
- ^ "DBH gets triple A for sixth year". The Daily Star. Retrieved 28 May 2013.
- ^ "DBH rated highest 'AAA' for 9th consecutive year". The Financial Express. Retrieved 31 August 2013.