BANKING AND FINANCE

Profile of

Prime Bank limited

At a Glance

Year of establishment:

1995

Head office:  Adamjee Court Annexe Building-2,119-120, Motijheel C/A, Dhaka-1000
Contact number: 9567265, 9570747-8
No of branch: 49
Managing Directors M. Ehsanul Haque
Chairman: Mohammed Aminul
Website: www.prime-bank.com

BACK GROUND

Prime Bank Ltd is a leading private sector bank in Bangladesh which started its operation on 17th April 1995. Prime Bank Ltd. is managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs.

Prime Bank Ltd. has already made significant progress within a very short period of its existence. The bank has been graded as a top class bank in the country through internationally accepted CAMEL rating. The bank has already occupied an enviable position among its competitors after achieving success in all areas of business operation.

Prime Bank Ltd. offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society within the framework of Banking Company Act and rules and regulations laid down by our central bank. Diversification of products and services include Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture, and real state to software.

The bank has consistently turned over good returns on Assets and Capital. During the year 2007, the bank has posted an operating profit of Tk. 3257 million and its capital funds stood at Tk 6382 million. Out of this, Tk. 2275 million consists of paid up capital by shareholders and Tk 2659.21 million represents reserves and retained earnings.

The bank’s current capital adequacy ratio of 11.50% is in the market. In spite of complex business environment and default culture, quantum of classified loan in the bank is very insignificant and stood at less than 1.35%.

Prime Bank Ltd., since its beginning has attached more importance in technology integration. In order to retain competitive edge, investment in technology is always a top agenda and under constant focus.

Keeping the network within a reasonable limit, our strategy is to serve the customers through capacity building across multi delivery channels. Our past performance gives an indication of our strength”, the bank officials said.

“We are better placed and poised to take our customers through fast changing times and enable them compete more effectively in the market they operate.”

 

 

 

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