Delta Brac Housing Finance Corporation

Last updated

DBH Finance PLC.
Company typePublic company
DSE:  DBH
CSE:  DBH
Industry Real estate finance
Founded1996;28 years ago (1996)
Headquarters,
Bangladesh
Area served
Bangladesh
Key people
Nasimul Baten (MD & CEO)
ProductsLoans: 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
RevenueIncrease2.svg BDT 3,065.0 million (2011)
Increase2.svg BDT 907.0 million (2011)
Website dbhfinance.com

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]

Contents

History

DBH 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 Limited25%
BRAC25%
Green Delta Insurance Company Limited20%
HDFC15%
IFC15%

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 Limited17.34%
BRAC18.39%
Green Delta Insurance Company Limited15.31%
HDFC12.22%
IFC12.22%
General Public24.52% [5]

About the company

DBH 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]

Related Research Articles

Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.

A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank, a community development credit union (CDCU), a community development loan fund (CDLF), a community development venture capital fund (CDVC), a microenterprise development loan fund, or a community development corporation.

<span class="mw-page-title-main">Johor Corporation</span> State owned corporation

Johor Corporation (JCorp) is Johor’s principal development institution for the State of Johor, Malaysia. Headquartered in Johor Bahru, its operations extend across multiple countries including Malaysia, Singapore, Indonesia, Brunei, Australia, Thailand, Cambodia and Bangladesh.

The IDBI Bank Limited is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector. In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Development Finance Institution" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from 21 January 2019. IDBI was put under Prompt Corrective Action of the Reserve Bank of India and on 10 March 2021 IDBI came out of the same. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated 17 December 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited. Presently, IDBI Bank is one of the largest Commercial Banks in India.

DBH may refer to:

<span class="mw-page-title-main">Ares Management</span> American asset management company

Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 with additional offices across North America, Europe, and Asia.

<span class="mw-page-title-main">Power Finance Corporation</span> Central Public Sector Undertaking

Power Finance Corporation Ltd. is an Indian central public sector undertaking owned by the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net worth as on 30 June 2023 is INR 1.184 trillion. PFC is the 8th highest profit making Central Public Sector Undertaking (CPSU) as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India's largest NBFC and also India's largest infrastructure finance CPSU. Government has raised status of PFC from 'Navratna' to 'Maharatna' on 12 October 2021.

<span class="mw-page-title-main">Public–Private Investment Program for Legacy Assets</span>

On March 23, 2009, the United States Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the United States Treasury Department announced the Public–Private Investment Program for Legacy Assets. The program is designed to provide liquidity for so-called "toxic assets" on the balance sheets of financial institutions. This program is one of the initiatives coming out of the implementation of the Troubled Asset Relief Program (TARP) as implemented by the U.S. Treasury under Secretary Timothy Geithner. The major stock market indexes in the United States rallied on the day of the announcement rising by over six percent with the shares of bank stocks leading the way. As of early June 2009, the program had not been implemented yet and was considered delayed. Yet, the Legacy Securities Program implemented by the Federal Reserve has begun by fall 2009 and the Legacy Loans Program is being tested by the FDIC. The proposed size of the program has been drastically reduced relative to its proposed size when it was rolled out.

<span class="mw-page-title-main">HDFC Life</span> Indian life insurance company

HDFC Life Insurance Company Limited is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services. The company was incorporated on 14 August 2000.

Real estate in Bangladesh refers to the industry and market related to the buying, selling, and development of properties in the country. It is a fastest growing sector in Bangladesh.

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

Bandhan Bank Ltd. is a banking and financial services company, headquartered in Kolkata.

Small finance banks (SFB) are a type of niche banks in India. Banks with a SFB license can provide basic banking service of acceptance of deposits and lending. The aim behind these is to provide financial inclusion to sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

Sadharan Bima Corporation is the one and only state-owned non-life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh. Both Sadharan Bima Corporation, the non-life insurer, and Jiban Bima Corporation, the life insurer, were created under the Insurance Corporation Act of 1973 of Bangladesh.

The financial system of Bangladesh consists of three broad sectors. They are

  1. Formal sector
  2. Semi-formal sector
  3. Informal sector

Union Bank of Colombo PLC, commonly referred to as UBC, is a commercial bank in Sri Lanka. It is licensed by the Central Bank of Sri Lanka, the central bank and national banking regulator.

<span class="mw-page-title-main">IDLC Finance Limited</span> Bangladeshi financial services company

IDLC Finance PLC, formerly known as Industrial Development Leasing Company of Bangladesh Limited (IDLC), is a multi-product non-banking financial institution with headquarters in Dhaka, Bangladesh. It offers financial services in the form of small and medium enterprise (SME) finance products, supplier and distributor finance, corporate finance, structured finance, retail finance, deposits and treasury products. The IDLC group also provides merchant banking, stock broker and asset management services via its three subsidiaries, IDLC Investments Limited, IDLC Securities Limited and IDLC Asset Management Limited, respectively.

Piramal Capital and Housing Finance Limited is a non-deposit taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India.

Alliance Holdings Limited (AHL) is a Bangladeshi conglomerate company based in Dhaka, Bangladesh. It is active in business areas such as inland container terminals, prefabricated steel building manufacturing, power generation, lubricant blending, and financial services.

References

  1. 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.
  2. "AAA Credit Rating for 7 consecutive years". Beyondbuildingbd.com. Archived from the original on 28 March 2014. Retrieved 28 May 2013.
  3. "Delta Brac Housing Finance Corporation Ltd. (DBH)". BankersBD.com. Archived from the original on 1 February 2014. Retrieved 31 August 2013.
  4. "The home financier". The Daily Star. 6 April 2014. Retrieved 12 October 2016.
  5. "Corporate Profile". Delta Brac Housing Finance Corporation Ltd. Archived from the original on 19 April 2013. Retrieved 28 May 2013.
  6. "DBH gets triple A for sixth year". The Daily Star. Retrieved 28 May 2013.
  7. "DBH rated highest 'AAA' for 9th consecutive year". The Financial Express. Retrieved 31 August 2013.