View with images and charts Prime Bank Limited Historical Background: Prime Bank Limited is among the best of Bangladeshi banks which was incorporated in 12 th February, 1995 by a group of entrepreneurs. The bank aims to be the ‘most efficient bank in Bangladesh in terms of customer service, profitability and technological abilities. The bank operates as a scheduled bank under banking license issued by Bangladesh Bank, the central Bank of the country on April, 17, 1995 through opening of its Motijheel branch at Adamjee Court Annex Building, Motijheel Commercial Area, and Dhaka-1000. 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 competitions after achieving success in all areas of business operation. The growth of the deposit is growing fast. The deposits balance of PDL reached the level of Tk. 70.5 billion during 2007 from Tk. 54.7 billion of previous years. The growth rate is 28.85 percent. And this was possible due to superior customer service delivery at the branch level, expansion of branch network to rural areas where foreign remittance flow is significant. The Prime Bank Limited, held the third position among the PCBs (Public commercial Bank), earning Tk. 1.93 billion as operating profit during the six months period of June-08 against tk. 1.55 billion of the corresponding periods of the previous year. So, the growth of profit position of the bank is increases 22.09% percent. At present, the bank has a network of 62 branches strategically located in different cities. All the branches are functioning in computerized environment. The principal activities of the Bank are banking and related businesses. The banking business include deposits taking, cash withdrawal, extending credit to corporate organization, retail and small and medium enterprise, trade financing, project financing, lease and hire purchase financing, issuance of local and international credit cards etc. The mode of banking includes conventional and Islamic banking. The services are provided through both traditional and modern products. It also provides investment banking and advisory services under the license issued by Securities and Exchange Commission, Bangladesh. Its Subsidiary at Singapore is engaged in providing remittances facilities to expatriate Bangladeshis. Through its Off-shore branch it provides banking business involving Non-resident foreign currency denominated assets and liabilities. Board of Directors • • • •
Azam J Chowdhury Chairman, Board of Directors Mohammad Aminul Haque Chairman, Executive Committee Capt. Imam Anwar Hossain Chairman, Audit Committee Quazi Sirazul Islam Vice Chairman, Executive Committee