In the backdrop of economic liberalization and financial sector
reforms, a group of highly successful local entrepreneurs conceived an idea of
floating a commercial bank with different outlook. For them, it was competence,
excellence and consistent delivery of reliable service with superior value
products. Accordingly, Prime Bank Ltd. was created and commencement of business
started on 17th April 1995. The sponsors are reputed personalities in
the field of trade and commerce and their stake ranges from shipping to textile
and finance to energy etc.
As a fully licensed commercial bank, Prime Bank Ltd. is being
managed by a highly professional and dedicated team with long experience in
banking. They constantly focus on understanding and anticipating customer
needs. As the banking scenario undergoes changes so is the bank and it
repositions itself in the changed market condition.
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 2009, the bank has posted an operating profit of
Tk.1520.34 million and its capital funds stood at Tk.3177.32 million. Out of
this, Tk.1400 million consists of paid up capital by shareholders and Tk.1777.32
million represents reserves and retained earnings. The bank’s current capital
adequacy ratio of 9.96% 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 0.96%.
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.
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