Dhaka, Bangladesh (BBN) – The Board of Delta BRAC Housing Finance Corporation Limited (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) BDT 98 for 2010-11 which was BDT 59 in the previous year, an increase of 66 percent.
Presided over by Chairman of DBH Faruq A. Choudhury, the meeting was also attended by its Directors Nasir A. Choudhury, Nurul Huda, Muhammed Syedul Islam, Ishtiaq Mohiuddin, M. Muhibur Rahman and Q. M. Shariful Ala, Managing Director & Chief Executive Officer.
The meeting was informed that DBH has earned an operating profit of BDT 1.0 billion (approx.). The Company’s funds under management have increased to BDT 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.
BBN/SSR/AD-18Sept11-9:35 am (BST)
