Minimum share capital increase for Bangladeshi insurers

CapitalThe Bangladesh Securities and Exchange Commission (BSEC) has softened the minimum share capital requirement for 26 insurance companies. The latter are required to increase their share capital to 150 million BDT (1.73 million USD) instead of the 300 million BDT (3.47 million USD) previously imposed. The transaction is to be carried out through an initial public offering bid at a fixed price.

For the record, 30 out of the 78 insurers operating on the Bangladeshi market, are still not listed on the stock exchange. In September 2019, the Minister of Finance warned that the licenses of unlisted companies shall be cancelled.

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