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3rd quarter profit of Prime Bank soars 27 Pc


Published : 11 Nov 2019 07:41 PM | Updated : 01 Sep 2020 03:53 PM

Prime Bank formally disclosed its 3rd Quarter-2019 financial reports in a ceremony at its head office in the capital recently. 

Local and foreign Investment analysts and capital market experts participated in the program through internet via live broadcast. Local &Foreign investors, researchers & analysts and many other individuals participated in the program through web platforms. 

Earnings per share of the bank was Tk.1.37 for the period from January to September 2019 against that of Tk.1.08 during the same period last year. The Bank also reported Net profit Tk.155 core during the three quarter of the year 2019, which was Tk.122 core during the same period of previous years. 

The profit rose 27% against corresponding quarter of the previous year. Consolidated NAV (Net Asset Value) per share of the bank increased by more than 4% to Tk. 23.25 on September 30,2019 as against Tk.22.37 of the same period of the previous year.

Rahel Ahmed, Managing Director & CEO spoke on overall Banking Industry & future plan of Prime Bank and M Habibur Rahman Chowdhury, DMD & CFO presented the financial results and then they answered queries in a Q & A session, where Deputy Managing Directors - Md. Golam Rabbani, Md. Touhidul Alam Khan, Faisal Rahman, along with the other senior officials of the Bank were also present on the occasion.