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Prime Bank Plc (Bangladesh)

Main Activities: Commercial Banking
Full name: Prime Bank Plc Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Prime Bank Limited is a top-tier second generation local commercial bank in Bangladesh. It was established in 1995 and is headquartered in Dhaka's financial hub, Motijheel. The bank has a wide presence across the country with 146 branches and 170 ATM locations. Prime Bank was incorporated under the Companies Act of 1994. The bank is well-known for its expertise in Corporate and Institutional Banking and its innovative Digital Banking services. In 2020, Prime Bank was recognized as the Best Bank in Bangladesh by Global Finance, a leading financial publication based in North America. It was also awarded as the Best Digital Bank in Bangladesh by Asiamoney, another global financial publication. In 2014, the bank initiated a 'Business Model Restructuring and Centralization' project to enhance resource efficiency and bring coherence to its banking practices. Prime Bank's vision is to be the best Private Commercial Bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management, and profitability with strong liquidity. Its mission is to build an efficient, market-driven, customer-focused institution with a good corporate governance structure. The bank aims to continuously improve its business policies, procedures, and efficiency through the integration of technology at all levels.

Headquarters
119/120 Adamjee Court, Annex Building-2, Motijheel C/A
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.primebank.com.bd

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1995
Key Executives
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Chairman
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Chairman
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Chief Executive Officer
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Chairman of the Executive Committee
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Vice Chairman
Ownership Details
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41.28%
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38.11%
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20.28%
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0.33%
Subsidiaries
Pbl Exchange (Uk) Limited (United Kingdom)
Pbl Finance (Hong Kong) Limited (Hong Kong SAR, China)
Prime Bank Investment Limited
Company Performance
Financial values in the chart are available after Prime Bank Plc 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 interest income
9.17%
Operating profit (EBIT)
7.26%
Net Profit (Loss) for the Period
20.14%
Total assets
8.96%
Total equity
8.28%
Total Assets Trend
-2.16%
Net Interest Income Trend
3.93%
Loans to Deposits Ratio
-4.78%
Loans to Asset Ratio
-1.89%

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