Delta Brac Housing Finance Corporation Ltd.

(DBH)
CORPORATE PROFILE
Delta Brac Housing Finance Corporation Ltd. (DBH) is the pioneer, largest and specialist in Housing Finance
institution in the private sector of the country. After commencing operation in 1996 the company has registered
commendable growth in creating home ownership in Dhaka and other major cities of the country. At the same
time, the company has been playing an active role in promoting the real estate sector to the large cross sections
of prospective clients who had but yet unfulfilled dream of owning a home.
Among all Banks and Financial Institutions of Bangladesh only DBH has been rated the highest AAA credit
rating for nine consecutive years. The level of credit rating provides a very important indication of the fi nancial
safety, security and strength of the concerned Bank or Financial Institution and is particularly relevant to its
depositors and other investors such as shareholders and lenders.

Market Capitalization (BDT)

12,324,443,625.00

Shareholders Equity (BDT)

3,170,916,416

Book Value Per Share (BDT)

27.32

Forward P/E

21.27

EPS (BDT)

5.9

Audited P/E (x)

18

Trading Currency

Bangladeshi Taka

Market Category

ROE

23.05

ROA

1.97

Credit Rating

LT: AAA, ST: ST-1

Last Dividend Declaration Date

Sep 30, 2015

Shareholding Pattern
Sponsors /Directors 75.77%
Institutions 9.30%
Foreign 11.81%
Public 3.21%

Delta Life Insurance Company Limited

BRAC
Green Delta Insurance Company Limited
HDFC Bank ,India
International Finance Corporation

Product wise Performance

Performance of Home Loan Operations

The real estate companies have become cash strapped with thousands of unsold ready apartments in their
hands which have given rise to soaring non-performing loans (NPL) for the banks investing in commercial real
estate. In light of such a scenario the performance of DBH Home Loan operations has been respectable. The
Companys loan book in housing nance grew at a very moderate pace of 8.19 percent to Taka 29.03 billion
during the nancial year while keeping gross NPL ratio at the level of 0.30 percent only. During the year, the
gross interest income from the housing nance portfolio stood at Taka 3,849.82 million.

Performance of Deposit Portfolio

At the close of June 30, 2015 the deposit portfolio of DBH stands at Taka 2,4703.12 million with an interest
payable worth another Taka 1,139.66 million. As the market shifts downward the rate of interest on the DBH
deposit products have also significantly decreased this year.

Recovery
DBH has shown steady and resilient performance in maintaining asset quality. According to the classification
policy of the Central Bank, at close of June 30, 2015 the NPL of the Company has marginally increased to 0.30
percent from 0.22 percent at end of the preceding nancial year. While aggregate NPL ratio for both Banks and
NBFIs has gone up, DBH has been successful to restrain the increase to a minimum. Needless to say, this is by
far the best gure in the nancial industry.

GDSL Commentary
Green Delta Securities Limited (GDSL) can arrange 1.2 million shares of DBH for block trade.
Price Range : BDT 105-110 ( 1 Dollar = 78.5 BDT)