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18-May-2020
Prime Bank’s earnings grow by 22% in 2019
The Bank holds Earnings Disclosure Program for FY 2019 via video-conferencing
Dhaka, Monday, May 18, 2020: Prime Bank Limited has recorded operating profit of Tk 695 crore in 2019 on solo basis which was Tk 572 crore in the previous year, registering a growth of 22%.

The bank has also recorded a net profit after tax of Tk 200 crore in 2019 on solo basis, which was Tk 219 crore in 2018.

The bank reported EPS of Tk 1.77 for the year ended on December 31, 2019 on solo basis which was Tk 1.93 in the previous year. Its net asset value (NAV) per share was Tk 23.65 in 2019 which was Tk 23.12 a year ago. The bank’s net operating cash flow per share (NOCFPS) was Tk 0.98 in 2019 which was negative Tk 2.86 in 2018. The leading private commercial bank, listed with both Dhaka and Chattogram stock exchanges, organized its Earnings Disclosure event on May 18, 2020 which was broadcast live on the bank’s Facebook page. In view of the COVID-19 outbreak, the bank has held the event through virtual media to maintain social distancing.

The bank’s Managing Director and CEO Rahel Ahmed and senior management officials presented the financial results of 2019 and answered questioned from the local and foreign investment analysts, capital market experts and financial institution partners.

DMD and CFO Mohammad Habibur Rahman Chowdhury; DMD and CRO Md. Touhidul Alam Khan; DMD and CBO Faisal Rahman; Head of Consumer Banking ANM Mahfuz; Head of MSME Banking Syed M. Omar Tayub; Head of TB, SFD and ID Shams Abdullah Muhaimin; COO Abdul Halim; Head of ICC Mohammad Jashim Uddin and Head of Brand & Communications Nazmul Karim Chowdhury joined the event.

Commenting on the occasion, Managing Director and CEO Rahel Ahmed, said: “Prime Bank has maintained consistency in delivering outstanding financial results in 2019, faring noticeably well in key financial parameters. It is encouraging to see that our emphasis on exploring new markets, product diversification, process simplification and technological innovation is bearing fruit. The consistency in growth momentum, that too against a backdrop of reducing margins and difficult market conditions, keep us firmly on the path to become the Best Bank in the country.”

The MD and CEO also gratefully acknowledged the bank’s valued customers, shareholders and stakeholders for their continued trust and patronage.
30-Apr-2020
Prime Bank gives 5% cashback on online grocery purchase during Ramadan
Dhaka, Thursday, April 30, 2020: Prime Bank Limited is providing 5% cashback to its credit card customers on purchase of grocery and other items from leading online superstores.

As Ramadan begins, more and more people are resorting to online order of groceries in view of countrywide lockdown triggered by coronavirus outbreak. In view of this situation, Prime Bank has forged partnership with the superstores and ecommerce outlets to help people maintain social distancing.

Prime Bank Visa and Mastercard credit cardholders will enjoy the cashback for online purchase from Meenaclick, Swapno, Chaldal, Pathao Food and Priyoshop till May 22, 2020.

The customers will get a maximum cashback of BDT 300 per transaction and a maximum of BDT 1,000 at each of the partner’s online outlet. The cashback amount will be disbursed after completion of the campaign.

On the cashback offer, Prime Bank’s Head of Consumer Banking ANM Mahfuz said: “People are now frequently using online platforms to purchase their daily essentials to maintain social distancing amid coronavirus pandemic. We, at Prime Bank, are also encouraging our customers to utilize alternative banking channels from the comfort of their home on 24/7 basis to ensure their safety and well-being.”

He added: “We believe our partnership with the leading superstores and ecommerce partners will help the customers save money for online purchase of groceries and other essentials at this difficult time.”

The details of the offer can be learnt at 24-hour Contact Center 16218 and also at the bank’s website - https://www.primebank.com.bd/ramadan_2020_cashback_offer/.
26-Apr-2020
Prime Bank makes Internet Banking registration more easier, yet more secured
Dhaka, Sunday, April 26, 2020: Prime Bank has made Internet Banking registration more easier for the customers.

The customers now a days are increasingly using digital banking amid COVID-19 lockdown situation. The bank has made the onboarding process more easier and simpler to provide delightful online banking experience to the valued customers.

The customers can avail the Internet Banking service, ALTITUDE, by visiting https://www.primebank.com.bd/altitude_self_register/ with only few simple steps that will require less than ten minutes.

With two-factor authentication and SMS verification, ALTITUDE is equipped with the state-of-the-art security features to ensure safety and security of the assets of the customers.

The service will greatly benefit the customers as the most customers now prefer banking from home at the time of countrywide lockdown amid Coronavirus outbreak.

The customers can avail real-time fund transfer between Prime Bank and other bank accounts, pay Prime Bank and other bank credit card bills, make DPDC, DESCO, Metlife and mobile recharge payment.

They can get real-time balance enquiry, download account statement, get details of FDR & Deposit scheme and loan information and many more.

Commenting on launch of the service, Prime Bank’s Managing Director and CEO Rahel Ahmed said: “Prime Bank has always been in the forefront of digital banking solutions. We believe digital banking is the future of banking as the customers now want banking services from the comfort of their home on 24/7 basis.”

He added: “We believe the service will be greatly beneficial to the valued customers at this difficult time of Coronavirus outbreak. We will continue to introduce more tech-enabled innovative banking services to help the valued customers enjoy banking services from anywhere anytime.”

The customers can download Altitude App from Google Play and App Store. They can call 24-hour Contact Center at 16218, or also at +88 01730 785 800, +88 01755 607 996 or send email to pib@primebank.com.bd for any Internet Banking query.
19-Apr-2020
Prime Bank organizes online Press Conference on its 25th anniversary to ensure social distancing
Dhaka, Sunday, April 19, 2020: Prime Bank Limited has organized an online press conference to mark its 25th anniversary.

In view of the present Coronavirus outbreak situation, the bank has held the Meet the Press Webcast through virtual media to maintain social distancing. This is the first online press conference in the banking sector in Bangladesh.

It has been a fabulous journey of 25 years for Prime Bank, partnering the nation in its journey of growth as a leading Bank in the country. Prime Bank had held dearly on to the plans for the bank’s Silver Jubilee celebrations for a long time, but in view of the Covid-19 situation, it has decided to postpone the celebrations. For now, let us defeat this pandemic together through Social Distancing.

The bank’s Managing Director & CEO Rahel Ahmed and senior management officials shared bank’s future plans and answered various questions of the journalists at the press meet on April 19, 2020 which was broadcast live on Prime Bank’s Facebook Page and YouTube Channel.

DMD & CRO Md. Touhidul Alam Khan, DMD & CFO Mohammad Habibur Rahman Chowdhury, DMD & CBO Faisal Rahman , Head of HR Ziaur Rahman, COO Abdul Halim, Head of Consumer Banking ANM Mahfuz, Head of TB, SFD & ID Shams Abdullah Muhaimin, Head MSME Banking Syed M. Omar Tayub, Head of IT Iqbal Hossain and Head of Brand & Communications Nazmul Karim Chowdhury also joined the press conference.

Prime Bank started operation on April 17, 1995 as a private commercial bank. Over the years, Prime Bank has emerged as the leading private commercial bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidity.

With 146 branches, 170 ATM and powered by more than 3,200 passionate employees, the bank has established its unique mark in Corporate, Consumer, SME Banking and Treasury Segments.

On this auspicious occasion, the bank’s Chairman Azam J Chowdhury said: “Prime Bank has already made its distinctive mark in the country’s banking arena through world class products and services, consistent financial results, good governance, compliance, transparency and accountability. As Bangladesh starts journey to graduate into middle income country, Prime Bank aspires to contribute to the government’s development journey through inclusive banking and entrepreneurship development. The bank sets sight to become the best Bangladeshi Bank scaling up its corporate, SME and consumer banking business across the country and through significant investment in people and technology.”

Commenting on the momentous occasion, Managing Director and CEO Rahel Ahmed said: “The bank’s customer focused and tailor made solutions have won over the valued customers. The bank will leave no stone unturned to meet the evolving needs of the customers in this changing environment. Digital innovation and improvement through continuous change in process and proposition will be forefront of our customer focused approach. At the height of rapid deployment of digital solutions, we will continue to harness our technology infrastructure with latest security solutions to safeguard our systems.”

He added: “We gratefully acknowledge the trust of our valued customers and shareholders and contribution of our employees that shape the bank what it is today. Prime Bank will continue to break new grounds blending its armour of innovative solutions with the power of passionate of employees who care for the customers.”
18-Mar-2020
Prime Bank celebrates International Women’s Day
Dhaka, Wednesday, March 18, 2020: Prime Bank Limited has recently celebrated International Women’s Day reiterating its commitment to women empowerment.

Prime Bank Women’s Network organized an interactive dialogue with participation of valued customers and female employees with the theme ‘The Road to Equality’ in Dhaka on March 9, 2020. Rahel Ahmed, Managing Director and CEO-Prime Bank, moderated the session while Rubaba Dowla, Country Managing Director-Oracle, participated as one of the panelists. Mrs. Nasim Anwar Hossain, Director-Prime Bank, and a number of successful women entrepreneurs were also present.

Women leaders from National Council of Disabled Women, Society for Welfare of Autistic Children and Hicare School also shared their stories at the session.

The inspiring personalities shared the challenges they faced in their professional and entrepreneurial journey and how they overcame all roadblocks through strong self-belief and persistence. The female employees of the bank raised a number of questions while the panelists gave insightful tips on how to strike a balance between professional and personal life and ways to in their career.

While talking to the participants, Rahel Ahmed, Managing Director and CEO-Prime Bank, said: “Prime Bank is strongly committed to women empowerment in the country through its financial services and social intervention initiatives. We are working towards making banking easily accessible by women of all strata of the society. We believe such candid discussion will provide exciting insights into designing comprehensive product suites and service propositions to meet the specific needs of female clients.”
18-Mar-2020
PRIME BANK SIGNS AGREEMENT WITH SAVVA
Prime Bank has recently signed an agreement with SAVVA. Masudul Haque Bhuiyan, Head of Cards & ADC of Prime Bank and Oscar Chowdhury, Managing Director of SAVVA, exchanged documents after signing a deal. Senior officials of both the organizations were also present on the occasion.

Under the agreement, Prime Bank’s Platinum, World Mastercard and Monarch (Priority Banking) Prestige Cardholders will enjoy special offers & discount at SAVVA.
18-Mar-2020
PRIME BANK SIGNS AGREEMENT WITH HEALTHCARE DIAGNOSTIC CENTER LTD.
Prime Bank has recently signed an agreement with Healthcare Diagnostic Center Ltd.. Masudul Haque Bhuiyan, Head of Cards & ADC of Prime Bank and Md. Rezaul Karim, Director of Healthcare Diagnostic Center Ltd., exchanged documents after signing a deal. Senior officials of both the organizations were also present on the occasion.

Under the agreement, Prime Bank’s Debit/Credit cardholders will enjoy discount facilities at Healthcare Diagnostic Center Ltd..
10-Mar-2020
Prime Bank inaugurates Mujib Corners
Dhaka, Tuesday, March 10, 2020: Prime Bank Limited has inaugurated four Mujib Corners to pay tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman on the eve of his birth centenary.

Honourable Chairman of Prime Bank Azam J Chowdhury formally inaugurated the Mujib Corners at the bank's Head Office at Adamjee Court in Motijheel, its Gulshan Office and its Gulshan Branch and on March 9, 2020. The bank's Managing Director and CEO Rahel Ahmed and senior management officials were also present.

The bank has also set up Mujib Corner in Natore. The inauguration of the Mujib Corners at Prime Bank comes as the nation prepares to celebrate the 100th birth anniversary of the great leader on March 17, 2020.

The bank is displaying books, photograph collections and other memorabilia depicting Bangabandhu's life and works at Mujib Corner.

Honourable Chairman of Prime Bank Azam J Chowdhury said: “The birth centenary of Bangabandhu carries great historical significance to the nation. Bangabandhu not only led the nation to achieve its independence, he also envisioned and established a solid foundation for its socio-economic development. He gave us an identity as people of the country. The Mujib Corner is a token of tribute to one of the greatest leaders of the world has ever seen. The books and collections will help enable our young generation know more about Bangabandhu.”
29-Feb-2020
'Prime Bank Town Hall 2020' held
'Prime Bank Town Hall 2020' for Dhaka region was held recently amidst lush greenery at Chef’s Table Courtside in the capital. More than 2300 employees of the Bank spent a fun-filled and interactive day in the presence of the Bank’s Chairman Azam J Chowdhury and Managing Director and CEO Rahel Ahmed. Bank’s future plan and strategic roadmap were shared with the employees during the discussion session.
08-Feb-2020
Prime Bank signs agreement with Clean Fuel filling Station Ltd.
ANM Mahfuz, Head of Consumer Banking Division of Prime Bank and Masudur Rahim, Chief Executive Officer of Clean Fuel filling Station Ltd., exchanged documents after signing an agreement at Prime Bank Head office recently. Masudul Haque Bhuiyan, Head of Cards & ADC-Business of Prime Bank and Md. Sorowar Alam Khandokar, Manager of Clean Fuel filling Station Ltd. were also present on the occasion.

Under the agreement, Prime Bank’s Credit Cardholders will enjoy 0% interest EMI facility on LPG Conversion at Clean Fuel filling Station Ltd..
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