National Housing Finance and Investments Limited

National Housing Finance and Investments Limited
Company typePublic
DSE: NHFL
IndustryFinancial services
HeadquartersDhaka, Bangladesh
Websitewww.nationalhousingbd.com

National Housing Finance and Investments Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services.[1][2] It is listed on the Dhaka Stock Exchange.[3] Mahbubur Rahman is the chairman and Khalilur Rahman is the managing director of National Housing Finance and Investments Limited.[4]

History

National Housing Finance and Investments Limited was established in August 1998 under the Companies Act, 1994.[5] It and International Leasing and Financial Services Limited were founded by Rezaur Rahman, son of A. F. Mujibur Rahman, with funds from Shaw Wallace Bangladesh Limited and Mohammed Matiul Islam, former Finance Secretary of Bangladesh.[6][7][8] A major shareholder of the Institution is Transcom Group, founded by Latifur Rahman.[9] The shares are held by Bangladesh Lamps Limited, Borak Travels, Eastland Insurance, Eastern Insurance Company Limited, HRC Group, IFIC Bank, Jiban Bima Corporation, National Bank Limited, National Life Insurance Company Limited, Pragati Insurance Limited, Reliance Insurance Limited, Sadharan Bima Corporation, Shaw Wallace Bangladesh, Square Pharmaceuticals Limited, and United Commercial Bank.[10]

In 2004, the National Housing Finance And Investments Limited declared a nine percent dividend under chairman M Haider Chowdhury.[11] In 2006, M Haider Chowdhury was re-elected chairman of the National Housing Finance and Investments Limited.[12]

In August 2007, Bangladesh Bank ordered the National Housing Finance and Investments Limited to offload shares through an initial public offering.[13] National Housing Finance and Investments Limited signed an agreement with ERA InfoTech Limited to acquire core software in 2018.[14]

In September 2022, the National Housing Finance and Investments Limited signed an agreement with Bangladesh Bank to provide refinancing.[15] HRC Group sold 2 million shares of the National Housing Finance and Investments Limited through the Dhaka Stock Exchange.[16] In 2023, it was awarded by the Institute of Chartered Secretaries of Bangladesh for good governance.[17]

Board of directors

Board Members
Name Position Reference
Mahbubur Rahman Chairman [18]
Khondaker Showkat Hossain Director [18]
Md. Kabir Reza Director [18]
A.K.M. Moinuddin Director [18]
Mohammad Khaled Mamun Director [18]
Abdul Muyeed Chowdhury Independent Director [18]
Mohammad Shamsul Islam Director [18]

References

  1. ^ "Rehab housing fair starts in Dhaka tomorrow". The Daily Star. 22 December 2004. Retrieved 2024-12-11.
  2. ^ "Driving economic growth". The Daily Star. 2024-05-26. Retrieved 2024-12-11.
  3. ^ "Stocks maintain gaining streak". The Daily Star. 2021-09-10. Retrieved 2024-12-11.
  4. ^ "ন্যাশনাল হাউজিং ফাইন্যান্স অ্যান্ড ইনভেস্টমেন্টস লিমিটেডের ১০% লভ্যাংশ অনুমোদন". Prothomalo (in Bengali). 2020-09-21. Retrieved 2024-12-11.
  5. ^ "National Housing Finance PLC |". www.nationalhousingbd.com. Retrieved 2024-12-11.
  6. ^ "The 136-year-old company on its last legs". The Business Standard. 2022-07-01. Retrieved 2024-12-11.
  7. ^ "A night to recognise business luminaries". The Daily Star. 26 June 2011. Retrieved 12 February 2019.
  8. ^ "Eastland Insurance Company Limited Company Profile". Retrieved 12 February 2019.
  9. ^ "Transcom Chairman Latifur Rahman passes away". Dhaka Tribune. Retrieved 2024-12-11.
  10. ^ "Nat'l Housing Finance completes 25yrs of operation". The Daily Star. 2023-08-20. Retrieved 2024-12-11.
  11. ^ "Nat'l Housing declares 9pc dividend". The Daily Star. 15 May 2005. Retrieved 2024-12-11.
  12. ^ "Nat'l Housing chairman reelected". The Daily Star. 26 July 2006. Retrieved 2024-12-11.
  13. ^ "The Daily Star". The Daily Star. 14 August 2007. Retrieved 2024-12-11.
  14. ^ "National Housing Finance and Investments to implement core software from ERA". The Daily Star. 2018-03-05. Retrieved 2024-12-11.
  15. ^ "Bangladesh Bank pens deal with National Housing Finance for disbursement of term loans". The Business Standard. 2022-09-06. Retrieved 2024-12-11.
  16. ^ "HRC Bangladesh to sell 20 lakh of its National Housing Finance shares". The Business Standard. 2022-10-11. Retrieved 2024-12-11.
  17. ^ "43 companies awarded for good corporate governance". New Age (Bangladesh). 17 October 2023. Retrieved 11 December 2024.
  18. ^ a b c d e f g "National Housing Finance PLC |". www.nationalhousingbd.com. Retrieved 2024-12-11.