Pragati Insurance Limited has decided to invest Tk3 crore to acquire a 30 per cent stake in First National Credit Bureau Limited, a proposed private credit information company aimed at strengthening borrower risk assessment in Bangladesh, according to a disclosure published on Sunday.
The decision was approved at the insurer’s 342nd board meeting held on 14 May, the company said.
The investment represents 30 per cent of the minimum paid-up capital of the proposed entity, which is expected to begin operations after obtaining a licence from Bangladesh Bank.
Credit bureaus play a central role in financial systems by aggregating borrower credit histories and supporting banks and financial institutions in assessing creditworthiness and managing default risk.
Pragati Insurance, founded in 1986 and listed on the Dhaka Stock Exchange, operates across fire, marine, motor and miscellaneous general insurance segments.
In a separate disclosure published on Sunday, the company reported higher earnings for January–March 2026, with earnings per share rising to Tk1.63 from Tk1.05 a year earlier, driven by increased operating income, investment returns and receivables.
Net asset value per share rose to Tk59.61 as of March 31, 2026, compared with Tk57.36 at the end of December 2025, supported by gains in investments, dividend income and cash equivalents.
