The New Nation - Internet Edition

BUSINESS REPORT

Sadharan Bima Corporation (SBC), the only general insurance organisation in the government sector, earned net profit of Tk 60.61 crore in 2007 as against Tk 42.04 crore in 2006.

It has contributed Tk 35.61 crore in 2007 as income tax and share of profit to the government.

Sadharan Bima Corporation earned premium of Tk 455.75 crore and paid claims of Tk 133.19 crore in 2007.

The Annual Accounts of Sadharan Bima Corporation for the year 2007 was approved in the 463rd board meeting held on August 12. The meeting was presided over by M Shamsul Alam, Chairman of the Board of Directors. All Directors of the Board Md Momtazul Islam (Secretary), Mohammad Ali Patwary (Joint Secretary), Abdur Rahman Bhuiyan, Md. Humayun Kabir FCA and Managing Director of the Corporation (Additional Secretary) Md Shafiqul Azam were present.

All General Managers and the senior officers of the corporation were also present at the meeting.

The Chairman of the Board of Directors thanked all officers and employees of the corporation for successfully maintaining the continuity of earning profit in spite of economic recession throughout the world and hoped that the trend would continue in future.

It may be mentioned that Sadharan Bima Corporation has given the government about Tk 777.70 crore as tax and profit share since its establishment up to 2007.