DBH has been awarded credit ratings AAA for long term and ST-1 for short term for sixteen consecutive years. These are the highest credit ratings and are given to companies with extremely strong financial capacity and judged to have the highest level of safety and security. DBH is to date the only local financial institution to be rated AAA for 16th consecutive year, that makes it uniquely different from other Financial Institutions in Bangladesh.
Nasimul Baten, Managing Director and CEO of DBH mentioned that the highest credit rating of DBH over this long period reflects the company’s excellence in operational areas including capital adequacy, asset quality with lowest level of Non-Performing Loans in the industry, operational efficiency, management strength and corporate governance. He thanked all the stakeholders for their contribution and trust.
Recently the Board of Directors of DBH decided to issue zero coupon bond worth Tk. 300 crore to strengthen its funding base. The bond issuance is subject to approval from Bangladesh Bank and Bangladesh Security and Exchange Commission.
The company is the market leader in housing finance in Bangladesh. DBH reported net profit growth of 20% for the first quarter of 2021 compared to same period of last year. Earnings per Share (EPS) of the company for the first quarter of 2021 rose to Tk. 2.01 (annualized Tk. 8.04) compared to Tk. 1.68 of first quarter of 2020. The Company paid 30% dividend (15% cash and 15% stock) to its shareholders for the year ended 2020.
