DBH Finance PLC, one of the leading financial institutions in Bangladesh, proposed 17% dividend for the financial year ending December 31, 2024. The Board of Directors, in a recent meeting, recommended the dividend of 15% in cash and 2% in stock, subject to approval by the shareholders at the Annual General Meeting (AGM) scheduled for June 19, 2025, according to press release.
In 2024, DBH Finance PLC reported Net profit after tax of TK. 100.85 crore, up from TK. 98.44 crore in 2023, reflecting a year-on-year profit growth of 2.45%. The loan disbursement of the company increased by 15% in 2024 compared to previous year and core deposit portfolio also increased by 12%. Earnings Per Share (EPS) rose to TK. 5.07 from TK. 4.95, while Net Asset Value (NAV) per share increased to TK. 47.25 from TK. 43.63 compared to previous year. As of December 2024, the company maintained a strong Capital Adequacy Ratio (CAR) of 30.46% and Return on Equity (ROE) for 2024 stood at 11.15%.
Read more: DBH and IFC to work together to boost Green Housing in Bangladesh
Founded in 1996, the company in last 28 years disbursed home loans to more than 60,000 families to cater their housing needs. DBH, through its 16 branches located across the country, is providing conventional home loans, Islamic housing finance, affordable housing loan, conventional and mudaraba deposit services to the customers. The non-performing loan of the company never exceed 1% till now which helped it to obtain highest credit rating AAA for 19 consecutive years, the press release says.
For more updates, be with Markedium.
Leave a comment