Bizdata Insights Main Logo

BizData Insights

BGIC Net Profit Drops 20% in 2022

Industry: Financial, Insurance
Company: Bangladesh General Insurance Company Ltd
Company Intelligence Tag: Business Insights

Bangladesh General Insurance Company (BGIC), a non-life insurer, recorded a 20% decrease in net profit for the year ending December 2022 due to a decline in premium income. The company reported a net profit of Tk 8.26 crore in 2022, down from Tk 10.3 crore in the previous year. Earnings per share (EPS) also decreased from Tk 1.92 to Tk 1.53. Despite the decline, the company declared a cash dividend of 12% for 2022, slightly lower than the previous year. The final approval of the dividend distribution is expected to be granted during the annual general meeting scheduled for August 3, 2023.

Source for more details:

Related News

HC Directs ICB to Extend Sea Pearl’s Debt Repayment Period to 10 Years

May 29, 2024

The High Court instructs the Investment Corporation of Bangladesh (ICB) to grant Sea Pearl Beach Resort & Spa an additional 10 years to settle Tk 4.38 billion dues accumulated until April. Sea Pearl, having paid only Tk 730 million against Tk 3.25 billion bonds issued in 2017, will repay the principal plus interest in 10 equal installments.

Al-Arafah Islami Bank Partners with Ecotech Organic Garden

May 29, 2024

Al-Arafah Islami Bank signed an agreement with Ecotech Organic Garden to bolster agricultural growth in Bangladesh through farmer collaboration. The agreement was inked at the bank’s Dhaka head office. Shabbir Ahmed, acting Managing Director of the bank, graced the event as the chief guest.

Govt Takes Steps to Revive RR Textile and Rajshahi Textile Mills

May 29, 2024

The Government has taken significant steps to revive the RR Textile and Rajshahi Textile Mills in Sitakunda and Rajshahi, respectively, under the control of Bangladesh Textile Mills Limited (BTMC) through the Public-Private Partnership (PPP) system. The Cabinet Committee on Economic Affairs, chaired by the Finance Minister, has given in-principle approval to launch these two textile mills on a PPP basis.

EBL Signs Agreement with Grand Sylhet Hotel

May 29, 2024

Eastern Bank PLC (EBL) and Grand Sylhet Hotel and Resort recently inked an agreement in Dhaka. This collaboration aims to provide EBL cardholders with exclusive benefits at the luxury hospitality property in Sylhet. The agreement, signed by high-ranking officials from both organizations, signifies a strategic partnership to enhance customer experience.

Amazon Seeks Central Bonded Warehouse Facility in Bangladesh

May 29, 2024

Amazon is seeking central bonded warehouse facilities in Bangladesh to capitalize on tax benefits and enhance its retailing operations for domestic and international markets, as the State Minister for Commerce reported. This move aligns with Amazon's strategy to expand its business through the procurement of goods for its global supply chain.

Cash Outside Banks Reaches TK 2.61 Trillion

May 29, 2024

There's been a noticeable increase in both bank investments and the amount of cash in people's hands, coupled with a rise in bank deposits. According to data from the central bank, the amount of cash outside banks was around 2.61 trillion taka at the end of March, compared to nearly 2.57 trillion taka in February, indicating a rise of approximately 3.621 trillion taka.

Related News

HC Directs ICB to Extend Sea Pearl’s Debt Repayment Period to 10 Years

May 29, 2024

The High Court instructs the Investment Corporation of Bangladesh (ICB) to grant Sea Pearl Beach Resort & Spa an additional 10 years to settle Tk 4.38 billion dues accumulated until April. Sea Pearl, having paid only Tk 730 million against Tk 3.25 billion bonds issued in 2017, will repay the principal plus interest in 10 equal installments.

Al-Arafah Islami Bank Partners with Ecotech Organic Garden

May 29, 2024

Al-Arafah Islami Bank signed an agreement with Ecotech Organic Garden to bolster agricultural growth in Bangladesh through farmer collaboration. The agreement was inked at the bank’s Dhaka head office. Shabbir Ahmed, acting Managing Director of the bank, graced the event as the chief guest.

Govt Takes Steps to Revive RR Textile and Rajshahi Textile Mills

May 29, 2024

The Government has taken significant steps to revive the RR Textile and Rajshahi Textile Mills in Sitakunda and Rajshahi, respectively, under the control of Bangladesh Textile Mills Limited (BTMC) through the Public-Private Partnership (PPP) system. The Cabinet Committee on Economic Affairs, chaired by the Finance Minister, has given in-principle approval to launch these two textile mills on a PPP basis.

EBL Signs Agreement with Grand Sylhet Hotel

May 29, 2024

Eastern Bank PLC (EBL) and Grand Sylhet Hotel and Resort recently inked an agreement in Dhaka. This collaboration aims to provide EBL cardholders with exclusive benefits at the luxury hospitality property in Sylhet. The agreement, signed by high-ranking officials from both organizations, signifies a strategic partnership to enhance customer experience.

Amazon Seeks Central Bonded Warehouse Facility in Bangladesh

May 29, 2024

Amazon is seeking central bonded warehouse facilities in Bangladesh to capitalize on tax benefits and enhance its retailing operations for domestic and international markets, as the State Minister for Commerce reported. This move aligns with Amazon's strategy to expand its business through the procurement of goods for its global supply chain.

Cash Outside Banks Reaches TK 2.61 Trillion

May 29, 2024

There's been a noticeable increase in both bank investments and the amount of cash in people's hands, coupled with a rise in bank deposits. According to data from the central bank, the amount of cash outside banks was around 2.61 trillion taka at the end of March, compared to nearly 2.57 trillion taka in February, indicating a rise of approximately 3.621 trillion taka.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here