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.