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Company valuation reports, peer comparisons, results notes, industry reports and macro views, built from company filings and official data and independently reviewed before publishing. Company reports show their full model as view-only sheets. Facts and estimates, not investment advice.
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Company · DSE:NHFIL · Financial Institutions · Analysis · 31 Oct 2026
National Housing Finance: classified loans 9.88%, loan book down 6.0% in 2025, and treasury income 34% of operating income
A specialist home-loan company whose loan book has shrunk for three years, whose derived spread fell to 0.88pp in 2025, and whose 2025 profit of BDT 95m rested on a BDT 125m drop in provisions and a BDT 49.5m bond gain. Capital adequacy is 18.74%; BDT 222.5m sits with three NBFIs on Bangladesh Bank's wind-up list.
Company · DSE:DBH · Financial Institutions · Analysis · 31 Oct 2026
DBH Finance: 0.84% NPL and 30.7% capital, but the home-loan book has barely grown in eight years and the spread fell to 1.4pp
A lower NPL and higher capital ratio than IDLC, NHFIL and LankaBangla earns a declining return: ROE fell from 22% (2018) to 9.8% (2025) as equity piled up and deposit costs rose, treasury income carried 2025 profit, and in 2026 DBH shrank its balance sheet by 9% to cut funding costs.