Bangladesh House Building Finance Corporation Explained

Bangladesh House Building Finance Corporation
Formation:1952 (In Pakistan Period)Reformation =1973
Native Name:বাংলাদেশ হাউজ বিল্ডিং ফাইনান্স কর্পোরেশন
Native Name Lang:bd
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali

Bangladesh House Building Finance Corporation (BHBFC) is a specialized public financial institution that finances the construction and renovation of houses and purchasing residential apartments in all over Bangladesh and its headquarters is located in 22 Purana Paltan, Dhaka.[1] [2]

History

The institution was set up in 1973 under presidential orders. It gives loans for only individual home construction and has faced criticism for giving loans mostly to government employees.[3] It is headquartered in a 10-storey building in Paltan, Dhaka.[4] In 2013 Hefazat-e-Islam Bangladesh tried to burn down the institution’s headquarters and vandalized 12 cars.[5]

Managing director

MD. ABDUL MANNAN is the current managing director of Bangladesh House Building Finance Corporation. Managing director is the chief executive and on behalf of the board, directs and controls the whole affairs of the corporation.[6]

Offices

Apart from its headquarter Bangladesh House Building finance Corporation has a total of 84 offices including 18 Zonal office and 73 Branch Office.[7] The following are where the branches for Bangladesh House Building finance Corporation Zonal Offices are located

Notes and References

  1. Web site: Bangladesh House Building Finance Corporation. Banglapedia. 12 October 2016.
  2. News: A Rajuk peon worth millions. The Daily Star. 12 October 2016. 2 September 2016.
  3. News: The home financier. The Daily Star. 12 October 2016. 6 April 2014.
  4. News: Paltan building fire under control. The Daily Star. 12 October 2016. 12 November 2015.
  5. News: 800 small, medium shops burnt, damaged in Hefazat rally. Dhaka Tribune. 12 October 2016. https://web.archive.org/web/20161012151523/http://archive.dhakatribune.com/bangladesh/2013/may/08/800-small-medium-shops-burnt-damaged-hefazat-rally. 12 October 2016. dead.
  6. Web site: http://www.bhbfc.gov.bd/site/page/41991621-ee4e-41bf-99f7-32edb585af58%2F-. bn:বাংলাদেশ হাউস বিল্ডিং ফাইনান্স কর্পোরেশন. Bangladesh House Building Finance Corporation. bn. 2020-03-20. 30 March 2020. https://web.archive.org/web/20200330064353/http://www.bhbfc.gov.bd/site/page/41991621-ee4e-41bf-99f7-32edb585af58/-. dead.
  7. Web site: http://www.bhbfc.gov.bd/site/page/18bcd685-a414-4c03-8565-e4420738e66a/-. bn:বাংলাদেশ হাউস বিল্ডিং ফাইনান্স কর্পোরেশন. Bangladesh House Building Finance Corporation. bn. 2020-03-20.