The BHBFC will increase its authorised capital to Tk 10 billion and paid up capital to Tk 5.0 billion to meet the growing demand, once the concerned law in this regard is enacted, said the finance minister on Sunday.
Finance Minister AHM Mustafa Kamal said this while addressing a function virtually this afternoon after inaugurating the payment of BHBFC's loan instalments through Sonali e-services.
He said, "This decision has been taken in order to strike a balance between the growing demand and supply."
With this service, anyone can now pay instantly the loan instalments of the Bangladesh House Building Finance Corporation (BHBFC) side by side its government fixed fees and prices of all kinds of forms.
The clients of the corporation can now make payments from their own bank accounts, debit and credit cards and also from their mobile wallets through using the Sonali Bank Limited's Sonali e-service payment gateway.
Soon after the payments, the clients would be notified about their payments and current loan situation through auto-generated voucher and SMS.
The minister said soon after its inception, both the authorised and paid up capital of the BHBFC was Tk 1.10 billion each. But, considering the growing demand for house building financing, framing of a law is at the final stage at Jatiya Sangsad and once it is framed, the authorised capital of the corporation would rise to Tk 10 billion while the paid up capital to Tk 5.0 billion.
He expressed his satisfaction as the BHBFC has attained unimaginable successes in all the business indicators in the last fiscal year (FY21) due to the timely steps for simplification of loan disbursement. "I hope this journey of success will continue in the coming days and thus the corporation will brighten its image further."
Kamal recalled that Father of the Nation Bangabandhu Sheikh Mujibur Rahman restructured the BHBFC after the country's independence to provide loan support from the government level to build houses.
Following his footsteps, the finance minister said Prime Minister Sheikh Hasina has implemented projects for providing flats to slum dwellers at an affordable price, provided house loans to the government employees, ensured shelters for the homeless and managed house loans for people of all walks of life.
Terming the introduction of the system for paying loan instalments of BHBFC through online undoubtedly as a benevolent initiative, Kamal said this would further simplify the client services. "Sonali e-service method is a unique addition to the Digital Bangladesh platform."
Presided over by BHBFC Managing Director M Afzal Karim held at a city hotel, Comptroller and Auditor General Mohammad Muslim Chowdhury, Finance Division Senior Secretary Abdur Rouf Talukder, Financial Institutions Division Secretary Sheikh Mohammad Salim Ullah, SBL Chairman Ziaul Hasan Siddiqui, BHBFC Chairman Prof Dr Md Selim Uddin spoke on the occasion, among others.
