Bangladesh House Building Finance Corporation

Establishment

 House Building Finance Corporation was

established in 1952 to provide financial
assistance in housing sector.
 After independence, the corporation was
reconstituted as House Building Finance
Corporation (BHBFC) by the President’s Order
no 7 of 1973.
 Corporate Profile

Name Bangladesh House Building Finance Corporation

Legal status State Owned

Date of incorporation 1952 ( In Pakistan Period)

Formal Inauguration By the President’s Order no 7 of 1973

Registered office 22, Purana Paltan, Dhaka -1000

Authorized capital Tk.110 Crore.

Paid up capital Tk. Tk 2583.34 crore.

Total human resource 739

Number of zonal office 14

No. of branches 10

website web: http://www.bhbfc.gov.bd

Objective
 Shelter is one of the five basic needs of human being to
alleviate the acute housing problem. The primary
objective is to alleviate the acute housing problem in the
country. It is the only financial institution in the housing
sector that has been financing for the last 6 decades.
 Although some of the commercial banks and private
sector housing institutions are providing financial
assistance to this sector, yet, BHBFC continues to be the
major source of housing credit for the middle and lower
middle-income group of people till today.
Source of Fund

 BHBFC is the only state-owned specialized financial

institution of its kind. The total paid-up capital of the
corporation is paid by the Government of Bangladesh.
 The corporation raised its fund by selling Government
guaranteed debentures with the assistance of the
Ministry of Finance to Bangladesh Bank and to other
Commercial Banks.
Management
 Board ofBHBFC is designated by the Government. The
Board consists of 6 (six) members:
 One Chairman
 One Managing Director and
 4 other directors.

Managing Director is the chief executive and a member of

the Board by post.
Management
 The Board of Directors formulates overall policy and
directs on the Corporation’s activities. To manage the
Corporation the Board acts on commercial consideration
guided by the Government directives. Managing Director,
on behalf of the board, directs and controls the whole
affairs of the Corporation. Board meeting is held
regularly at the Head Office or at any other office of the
Corporation where the Chairman officiate the meeting.
Managing Director manages all activities of the
Corporation as chief executive officer and General
Managers help the Managing Director to manage the
tasks.