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Bangladesh National Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers
Full name: Bangladesh National Insurance Company Limited Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Bangladesh National Insurance Company Limited (BNIC) is a public limited company located in Dhaka, Bangladesh. It was incorporated on 21 May 1996 under the Companies Act, 1994 and is licensed to operate all types of general insurance business, excluding life insurance. The company obtained its certificate of commencement of business on 1 June 1996 and registration from the Controller of Insurance on 18 June 1996. BNIC operates through 28 branches and one local office strategically located throughout the country. The main objective of the company is to provide various types of insurance, guarantee, and indemnity services, including fire, motor, marine, engineering, personal accident, contractor all risk, industrial all risk, and health insurance. BNIC is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange and is rated 'AA-' for its long-term financial security characteristics by the Emerging Credit Rating Ltd.

Headquarters
Rashid Tower (3Rd Floor), House No. 11, Road No. 18, Gulshan-1
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.bnicl.net

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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33.96%
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5.9%
Company Performance
Financial values in the chart are available after Bangladesh National Insurance Company Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
7.41%
Operating profit (EBIT)
-10.14%
Net Profit (Loss) for the Period
-53.06%
Total assets
2.85%
Total equity
6.11%
Net Premiums Earned Trend
-47.64%
Net Profit Trend
N/A
Return on Equity (ROE)
-7.45%
Underwriting Expenses Ratio
0.46%

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