The New Nation - Internet Edition

ECONOMIC REPORTER

Higher officials of the Bangladesh House Building Finance Corporation (BHBFC) held a meeting at the corporation's head office in the capital. The meeting evaluated strategic plans and implementation during the July-January period of current fiscal year.

The meeting, which was chaired by the BHBFC Managing Director A K M Sajedur Rahman, discussed corporation's business with other district heads of BHBFC. Zonal and regional officials of the corporation were also present in the discussion.

It was mentioned that total Tk 117 crore was allocated as loan target for the first seven months of the fiscal year 2007-08.

Till the date, total Tk72 crore was dispersed among clients of every category as house finance loans.

Beside that, Tk201 crore was collected from the clients, which was 85 per cent of targeted Tk236 crore, set for the period. The collection was Tk13 crore higher than the collection recorded during the same period in previous year, as mentioned in the meeting.

During the same period, collection of classified loan was Tk40 crore from the targeted Tk60 crore, as mentioned.

During the first seven month of 2007-08 fiscal year, the corporation earned Tk4.53 crore from the sale of abandoned houses. It was Tk 3.77 crore higher than the amount collected in the previous year.

Beside that, during the period, settlement of 331 cases was targeted, where the corporation overwhelmingly settled 355 such deputes in the court.