Prime Bank’s half-year profit rises 28pc
Prime Bank’s consolidated profit rose 28 percent year-on-year to Tk 99 crore in the first half of 2019, the bank said in a statement yesterday.
Earnings per share (EPS) jumped to Tk 0.88 whereas it was Tk 0.68 in the same period a year ago. Consolidated net asset value per share also increased by more than 4 percent to Tk 22.82 on June 30 from Tk 21.93 six months ago.
The bank formally disclosed its half-yearly financial reports at its head office in Dhaka on Thursday. Local and foreign investment analysts and capital market experts attended the event through internet via live broadcast.
According to the disclosure, the bank’s deposit has grown 6 percent and loan 5 percent. The bank has also witnessed significant growth – 42 percent – in inward remittance and export and import business in the first of the current year.
At the event, Rahel Ahmed, managing director and CEO of the bank, spoke on the overall banking industry and the bank’s future plans. M Habibur Rahman Chowdhury, deputy managing director and chief financial officer, presented the financial results.
Deputy managing directors Md Golam Rabbani, Md Touhidul Alam Khan and Faisal Rahman also spoke.
