Wellcome to National Portal
Bangladesh National Portal
See Other Government Offices
মেনু নির্বাচন করুন
Main Comtent Skiped

Introduction of Corporation

Institution: The House Building Finance Corporation was established in 1952 to provide financial assistance to the public in the housing sector to solve the housing problems of the country. Later, Bangladesh House Building Finance Corporation (BHBFC) was reorganized as the President's Order No. 7 issued in 1973 after independence.


Purpose: Housing is one of the 5 basic human needs. The demand for housing in this populous country is continuously increasing, as a result the supply of housing is becoming difficult. BHBFC's main objective is to provide assistance in solving this acute housing problem. BHBFC has been working as the only institution in the country for several years in providing finance to the housing sector. Although a few commercial banks provide loans in this sector, it can be said without a doubt that BHBFC is one of the main sources of loans for the middle and lower middle class in the housing sector.


Sources of Capital and Funds: The main source of funds for the Corporation is paid-up capital by the government. The authorized capital of the corporation is Rs 1000 crore and the paid up capital is Rs 110 crore. The corporation raises funds by selling debentures to Bangladesh Bank and commercial banks through government guarantees with the help of the Ministry of Finance. Also, the Corporation raises funds by taking government loans and deposits.


Offices: The head office of the Corporation is located at Dhaka. The headquarters has 4 divisions and 16 departments. There are 4 divisional offices in Dhaka, Chittagong, Khulna and Rajshahi. There are a total of 18 zonal offices across the country including 4 zonal offices in Dhaka. Apart from this, 72 branch offices are functioning across the country under the zonal offices. Under the Sylhet Zonal Office, the loan disbursement program is ongoing in the entire Moulvibazar district from Branch Office, Sreemangal.


Management: The Board of Directors of the Corporation consists of 6 (six) members including a Chairman appointed by the Government. The managing director is the chief executive of the corporation and an ex-officio member of the board of directors. The Board of Directors directs various aspects of the overall policy formulation and management activities of the Corporation. In addition, the board of directors is entrusted with the formulation of necessary policies to undertake and implement the necessary activities in the light of government directives. Regular meetings of the Board of Directors are held at the head office of the Corporation or any other office of the Corporation under the chairmanship of the Chairman for the performance of the duties of the Board of Directors. As per the present organizational structure of the corporation the sanctioned manpower strength is 1502. The Managing Director manages all activities as the Chief Executive Officer of the Corporation and is assisted by 1 (one) Deputy Managing Director and 6 (six) General Managers.