Dhaka, July 1 (UNB)-The cumulative home loan disbursement of Delta Brac Housing Finance Corporation Ltd. (DBH) has crossed Taka 4,000 crore.

A loan disbursement function was organised recently at the Company’s Head Office in Gulshan to mark the event, said a press release.

Senior Manager and Head of Branch Md. Zakaria Eusuf handed over the home loan disbursement cheque to their clients Sheikh Md. Saidul Alam and Zakia Sultana at the function which was attended, among others, by Company’s Chairman Faruq Choudhury, Managing Director Q. M. Shariful Ala, Tanvir Kamal, Head of Credit and Nasimul Baten, Head of Operations.

Managing Director Shariful Ala said DBH, a joint venture of BRAC, Delta Life Insurance, Green Delta Insurance, IFC of World Bank Group and HDFC of India started its operation in 1996, has emerged as the largest specialized Housing Finance Institution (HFI) in the country, and is making a major impact on the growth of home ownership in the country.

Company’s Chairman Faruq Choudhury said the company, whilst disbursing Tk.4,000 crore home loans, has retained  the highest ‘AAA’ credit rating for six consecutive years, and still managed to keep its non performing loan ratio to below 0.50% level.