Delta Brac Housing Finance Corporation Ltd has received AAA long term and ST-1 short term credit ratings for sixteen consecutive years.
These are the highest credit ratings and are awarded to companies with extremely strong financial capacity and deemed to have the highest level of safety and security.
DBH is, to date, the only local financial institution to be rated AAA for the 16th consecutive year, a press release said on Sunday.
DBH Managing Director and CEO Nasimul Baten said DBH’s highest credit rating over this long period reflects the company’s excellence in operational areas, including capital adequacy, quality of assets with the lowest level of non-performing loans in the sector, operational efficiency, sound management and corporate governance. He thanked all stakeholders for their contribution and their confidence.
Recently, DBH’s board of directors decided to issue zero coupon bonds worth Tk 300 crore to strengthen its funding base. The bond issue is subject to the approval of the Bangladesh Bank and the Bangladesh Security and Exchange Commission.
DBH recorded 20% net profit growth for the first quarter of 2021 compared to the same period of 2020.