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Prime Bank PLC.

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Prime Bank
Company typePrivate (non-government)
DSE: PRIMEBANK
IndustryBanking
Founded1995; 29 years ago (1995) in Dhaka, Bangladesh
Headquarters
Dhaka
,
Bangladesh
Key people
Tanjil Chowdhury (Chairman)
Md. Shahadat Hossain (Vice Chairman)
Imran Khan (Vice Chairman)
RevenueIncreaseUS$272 million (2016)
IncreaseUS$27 million (2016)
Total assetsIncreaseUS$9.2 billion (2016)
Number of employees
3,090 including 681 female employees (as of 31 December 2020)[1]
Websiteprimebank.com.bd

Prime Bank Limited[2][3] is a private commercial bank in Bangladesh with its headquarters in Dhaka.[4][5] With 146 branches and 170 ATM the bank has operation in corporate, consumer, MSME and sustainable banking.[6] Prime Exchange Co. Pte Ltd., Singapore, PBL Exchange (UK) Limited, PBL Finance (Hong Kong) Limited,[7] Prime Bank Foundation and Prime Bank Securities Limited are subsidiaries of the bank.

History

Prime Bank was created and commencement of business started on 17 April 1995. It was incorporated under the Companies Act of 1994. The Bank is traded at the Dhaka Stock Exchange and Chittagong Stock Exchange.[4][8] Prime Bank is the title sponsor of the 2013 edition of Bangladesh Premier League cricket tournament.[9] They are also the owners of Prime Bank Cricket Club.

Islamic banking

Islamic Banking operations of Prime Bank Limited started in the year 1995 through the opening of Islamic banking branch at Dilkusha, Dhaka. The operations of the Islamic banking supervised by Prime Bank Shari’ah Supervisory Committee.[10]

Women banking

In 2020, Prime Bank bank has launched women banking facilities called Neera. This banking includes products that help unbankned women achieve financial freedom and independence.[11] Prime Bank has a countrywide programme to drive financial literacy among the unbanked women of the society.[12]

References

  1. ^ "Annual Report 2020: Harnessing Potential" (PDF). Prime Bank. Archived from the original (PDF) on 15 August 2021.
  2. ^ "Prime Bank to diversify loan portfolios to growing sectors". The Financial Express. Dhaka. 16 April 2016. Retrieved 2022-03-17.
  3. ^ "Prime Bank holds business conference". The Daily Star. 2003-01-21. Retrieved 2016-05-09.
  4. ^ a b "Prime Bank Limited". Banglapedia. Retrieved 2016-05-09.
  5. ^ "Top five uncapped players to watch out for". Dhaka Tribune. Retrieved 2016-05-09.
  6. ^ "Primebank.bd | Prime Bank Ltd. Financial Statements". The Wall Street Journal. Retrieved 2021-07-27.
  7. ^ "PBL Finance (H.K) Limited". Bangladesh Chamber of Commerce & Industry Hong Kong (BCCIHK). 2020-05-18. Retrieved 2021-07-27.
  8. ^ "Prime Bank celebrates 15th anniversary". The Daily Star. 2010-04-17. Retrieved 2016-05-09.
  9. ^ "Prime Bank title sponsor of BPL". The Daily Star. 2013-01-01. Retrieved 2016-05-09.
  10. ^ "Prime Bank launches Hasanah". The Daily Star. 2008-08-14. Retrieved 2016-05-09.
  11. ^ "Prime Bank introduces 'Neera' for wellbeing of women - Women's Own". The Daily Observer. Retrieved 2021-07-19.
  12. ^ "Prime Bank NEERA's financial literacy initiative for unbanked women". The Financial Express. Dhaka. Retrieved 2021-07-27.


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