BHBFC seeks Tk 5.0b to meet demand for loan
The Bangladesh House Building Finance Corporation (BHBFC) has sought Tk 5.0 billion from the government for a fund to meet the demand for loan in the real estate sector.
The lone state-owned financing body for housing sector applied to the bank and financial institution division to lend the money for raising the fund, reports BSS.
Meanwhile, Finance Minister A M A Muhith has directed the banking division to prepare a survey report to this end.
Talking to the news agency, BHBFC Managing Director Dr M Nurul Alam said they sought the money to meet the fund crisis of the corporation.
"We could not provide sufficient loan due to fund constraint, although there is huge demand for loan in housing sector," he added.
He said the government could give the money to the BHBFC from annual development programme as loan or allocation.
BHBFC sources said the corporate had kept its loan activities mainly in Dhaka and Chittagong metropolitan cities. But, it has now extended activities outside the two metropolitan cities especially few districts, upazilas and growth centres. BHBFC has increased its field level offices to 29 from 25.
Source: financialexpress-bd.com
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