Nat’l Housing Finance completes 25yrs of operation

National Housing Finance and Investments Ltd, a specialised financial institution, has completed 25 years of operation in the financial sector.

The institution has been serving and empowering people to achieve their dreams of homeownership while promoting financial inclusion and environmental sustainability with a branch network and customer-centric approach for the last two decades.

Whether it is facilitating the purchase of flats or providing financial support to build houses, the institution's customised solutions have positively impacted the lives of numerous families.

Currently, it is operating its activities all over the country with 10 branches and three sales offices, said a press release.

The branches are located in Motijheel, Gulshan, Karwanbazar, Gazipur, Chattogram, Rajshahi, Bogura, Rangpur, Khulna and Feni, while its sales offices are in Uttara, Mirpur and Narayanganj.

In 1998, the institution embarked on a journey with a bold vision to create a financial institution that would not only serve as a safe haven for our customers' hard-earned money, but also as a catalyst for economic growth and development in the community.

National Housing is now owned by 15 renowned corporate shareholders, which include three banks (National Bank, United Commercial Bank and IFIC Bank), seven insurance companies (Jiban Bima, Sadharan Bima, Eastern, Eastland, National Life, Reliance and Pragati) and five corporate/business groups (Square Pharmaceuticals, Bangladesh Lamps, HRC Group, Shaw Wallace Bangladesh and Borak Travels).

National Housing obtained Bangladesh Bank licence on December 29, 1998, as a non-bank financial institution specialised to cater the basic need of shelter.

National Housing became a member of Dhaka Stock Exchange on December 23, 2008, and Chittagong Stock Exchange on November 11, 2008.

The institution disbursed its first home loan on June 16, 1999.

Motiul Islam, the first finance secretary of Bangladesh, was the founder chairman of the institution after which M Haider Chowdhury became the chairman.

Later, Latifur Rahman, a visionary legend of the corporate world and then chairman of Transcom Group, became chairman of the company for 11 years and led the institution to a new height. During Rahman's tenure, the network of National Housing expanded further.

Incumbent chairman Mahbubur Rahman, who is also president of the International Chamber of Commerce-Bangladesh, has continued the journey of National Housing towards prosperity.

Mohammad Shamsul Islam, managing director of National Housing, has taken a raft of measures to bring the company to a new height.