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.
United Finance PLC (DSE: UNITEDFIN), named United Finance Limited until 6-Jan-2025, is a finance company licensed by Bangladesh Bank, incorporated on 27-Apr-1989 and listed on the Dhaka Stock Exchange since 1994. It provides lease finance, term loans, short-term working-capital finance and home loans, and takes…
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.
National Housing Finance PLC (NHFPLC, DSE: NHFIL) is a housing-finance company licensed by Bangladesh Bank (BB) under the Finance Company Act 2023. It lends to households against mortgages and funds itself mainly with term deposits. At 31-Dec-2025 it had loans of BDT 13,078.6m, deposits of…
Company · DSE:LANKABAFIN · Financial Institutions · Analysis · 31 Oct 2026
LankaBangla Finance: NPL nearly doubled to 13.7% in 2024, and a BDT 4.3bn provision shortfall deferred by Bangladesh Bank equals 60% of solo equity
The 2024 accounts arrived ten months late with four emphasis-of-matter paragraphs, no dividend for the first time since listing, and a BB-approved deferral of BDT 4,265m of loan provisions. The FY2025 annual and every 2026 interim are still unfiled; the last filing is September 2025.
LankaBangla Finance PLC is one of Bangladesh's larger non-bank financial institutions (NBFIs), licensed by Bangladesh Bank (BB) and listed on the Dhaka Stock Exchange (DSE) since 2006. It lends to corporates, small and medium firms and households, issues Mastercard and Visa credit cards, and owns…
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.
DBH Finance PLC is a specialist housing-finance company licensed by Bangladesh Bank (BB) under the Finance Company Act 2023. It was incorporated in 1996 as a joint venture of BRAC, Delta Life Insurance and Green Delta Insurance with two foreign partners, HDFC of India and…