RICB Securities Limited, a wholly owned subsidiary of Royal Insurance Corporation of Bhutan was established on 1st May, 1993 and subsequently incorporated under the Companies Act of the kingdom of Bhutan on 8th December, 1993 to carry on the business of securities broker. The authorized capital and the issued capital of the company is Nu. 50 million and 0.5 million respectively fully owned by RICB. The company was established as per RGoB directives, to promote securities trading and development of capital market in the country.
Royal Securities Exchange of Bhutan (RSEBL), the only Securities Exchange in the country is governed by Financial Services Act of Bhutan of Royal Monetary Authority of Bhutan (RMA). The Royal Securities Exchange of Bhutan (RSEBL) is established with the membership of the following securities brokers;
RICB Securities Limited over the years has been actively involved in trading securities in both primary and secondary markets. In terms of the volume of the transactions in the securities market, RICB Securities Limited has carried out 33% of the total transaction during the financial year 2012 as given below:
|Transaction (million Nu.)||2016||2015||2014|
|2016||2015||2014||2013||2012||Profit Before Tax (Nu.)||1,253,713||436,232||498,184||159,965||186,993|
In future apart from dealing in equity market, RICB Securities Limited intends to engage in trading both debt and commodity market. This would go a long way in developing & promoting capital market in Bhutan.
The government has revised the existing Rural Life Insurance Scheme (RLIS) to Nu 30,000 from Nu 15,000 with effect from July 1.Read more in Kuenselonline ->
By the end of this year, a crop insurance scheme is to be implemented in the agriculture sector in Bhutan. It will provide a hitherto absent safety net to the policy subscribers, among 70 percent of the country’s population, that are dependent on agriculture.Read more in The Bhutanese ->