The New Nation - Internet Edition

National Housing Finance and Investments Ltd. (NHFIL) secured the "ICMAB Best Corporate Award 2007" given by the Institute of Cost and Management Accountants of Bangladesh (ICMAB).

Evaluation for the award by the Award Committee was based on the assessment of all Financial Institution's Capital Adequacy, Asset Quality, Earning Profitability, Liquidity & Financial Flexibility and Transparency in financial disclosure. Capital Adequacy, both in quantitative and relative terms, was considered.

National Housing is a unique Loans and Savings institution operating in the country licensed by Bangladesh Bank under the Financial Institutions Act, 1993.

Incorporated in 1998 with a paid up capital of Tk 40.00 crore, its shareholders are corporate based. Among them are 3 Banks (IFIC Bank, National Bank & United Commercial Bank) 7 Insurance Companies (Pragati, Reliance, Jiban Bima, Sadharan Bima, Eastern, Eastland & National Life) 7 Corporate/Business Groups (Square Pharmaceuticals, Bangladesh Lamps, HRC Bangladesh, Shaw Wallace, Borak Travels, Summit Industrial and Mercantile Corporation & Unicorn Equities), 1 Development Finance Company and 2 Non-Resident Bangladeshi Overseas Investors Forums (UK and Zambia). Its core business is Housing Finance but also include Term Loan, Lease Finance & Equity Finance for Industrial and commercial purposes.

M. Haider Chowdhury is the Chairman of the Company and Md. Abdur Rob is the present Managing Director.

Because of visionary approach, National Housing has earned a profound reputation among its customers and well wishers National Housing will certainly end over for further improving its performance in the coming years.