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Lower- and middle-income people are expected to get greater access to housing finance as two local and international financial institutions have joined hands for ensuring affordable housing loans for them.
In this regard, DBH Finance PLC (DBH), a leading housing finance institution of the country, recently signed a project services agreement with International Finance Corporation (IFC), said a statement.
It said, Country Manager of IFC for Bangladesh, Bhutan and Nepal Martin Holtman and Managing Director and Chief Executive Officer (CEO) of DBH Finance Nasimul Baten signed the agreement on behalf of their respective sides at a ceremony in the city.
Partha Guha Thakurta, Asia Pacific Head of FIG Risk Advisory, IFC, A K M Tanvir Kamal, DMD & Head of Credit of DBH, Md Hassan Iftekhar Yussouf, DMD & Head of IT of DBH and other high officials of both the organisations were present at the signing ceremony.
In collaboration with the IFC, the DBH aims to strengthen its affordable housing loan product by establishing a value proposition for the affordable housing segment and effectively targeting the lower-middle income group, the statement said adding the DBH, a specialised housing finance institution, has strong focus in affordable housing finance.