The recovery of Bangladesh House Building Finance Corporation's (BHBFC) outstanding loans has increased by 11 per cent in the first six months of the current financial year than that of the previous fiscal.

The BHBFC recovered Tk 108.69 crore outstanding loans in the first six months (July-December) of current fiscal against the recovery of Taka 97.43 crore during the same period of last fiscal (2000-2001), official sources said Thursday.

The loan recovery has increased as the corporation had been advised by Finance Ministry for recovering the outstanding loans by stepping up its lawful efforts.

The BHBFC has filed 606 cases in the first six-months of the current fiscal for realising loans from borrowers against the 588 cases in the whole last fiscal. With the filing of cases Taka 4 crore more was realised than that of previous year, the sources said.

The corporation disbursed Taka 2645.84 crore loans from July to December of the current fiscal and realised Tk 2131.69 crore as outstanding loan from the borrowers during the period.

Meanwhile 2,986 cases have been filed against outstanding BHBFC loan borrowers of three categories, the sources said.

The corporation has intensified its various efforts aimed at providing quality services to its clients.

The BHBFC at the advice of the finance ministry has already taken some decisions including providing loan to appropriate person and strengthening the activities of classification of loans, and taking lawful action against the loan defaulters, the sources said.