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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.

2 articles.

Company · DSE:UNITEDFIN · Financial Institutions · Analysis · 31 Oct 2026

United Finance in 2025: 5.95% classified loans, a 9.24% cost of fund, 5.92% ROE and 94% of EPS paid out

A lease and term lender with BDT 20.7bn of loans, an 18.45% capital ratio and an unmodified audit opinion. Classified loans and the cost of fund were the highest of the 2021-2025 series in 2025; H1 2026 profit rose to BDT 50.3m from BDT 32.4m.

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.