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News
22-May-2019
PRIME BANK SIGNS AGREEMENT WITH RADISSON BLU DHAKA
Prime Bank has recently signed an agreement with Radisson Blu Dhaka Water Garden. Zubayer Ershad, Head of Consumer Banking Business of Prime Bank and Alexander Haeusler, General Manager of Radisson Blu Dhaka Water Garden, exchanged documents after signing a deal. Shaila Abedin, Head of Segments of Prime Bank was present on the occasion.

Under the deal, Prime Bank’s Platinum, World MasterCard and Monarch (Priority banking) Prestige Card holders will enjoy Buy One Get One (BOGO) offer on buffet breakfast, lunch and dinner round the year.
22-May-2019
PRIME BANK SIGNS AGREEMENT WITH WELL GROUP
Prime Bank has recently signed an agreement with Well Group at Well Group’s Head Office in Dhaka. In presence of Md. Touhidul Alam Khan, Deputy Managing Director & CBO of Prime Bank and Abdus Salam, Founder Chairman of Well Group, the agreement was signed by Shaila Abedin, Head of Segments of Prime Bank and Syed Nurul Islam, Chairman & CEO of Well Group on behalf of their respective organizations. Other high officials of both organizations were also present on the occasion.

Under the deal, Prime Bank’s Debit/Credit Cardholders will get 10% discount on food items at Well Food.
16-May-2019
Prime Bank’s Annual General Meeting Held
Shareholders of Prime Bank Limited approved 12.50% Cash Dividend and the Financial Statement of the Bank for the year 2018 in the 24th Annual General Meeting held on Thursday, May 16, 2019 at KIB Auditorium, Farmgate, Dhaka. Azam J Chowdhury, Chairman, Board of Directors presided over the meeting.

Vice Chairman of the Board Mafiz Ahmed Bhuiyan & Imran Khan, Chairman of the Executive Committee Md. Shirajul Islam Mollah, Chairman of the Risk Management Committee Dr. G.M. Khurshid Alam, Directors –Quazi Sirazul Islam, Md. Nader Khan, Md. Shahadat Hossain, Nasim Anwar Hossain, Salma Huq, Waheed Murad Jamil, Mohammad Mushtaque Ahmed Tanvir (Titash), Zaeem Ahmed, M. Farhad Hussain FCA, former chairman Capt. Imam Anwar Hossain, Managing Director Rahel Ahmed, high officials along with a large number of shareholders were also present.

Mohammed Ehsan Habib, SEVP & Company Secretary conducted the AGM.
04-May-2019
PRIME BANK TO ARRANGE SYNDICATED FACILITY FOR TWO POWER PROJECTS OF X INDEX COMPANIES
X Index Companies mandated Prime Bank Limited to act as Lead Arranger to raise syndicated facility for development of its two power projects recently. In presence of Md. Mazherul Quader, Chairman, Mahin Bin Mazher, MD of X Index Companies and Md. Touhidul Alam Khan, DMD & CBO of Prime Bank, Md. Mamunur Rashid, DMD of X Index Companies handed over the mandate letter to Shams A. Muhaimin, SEVP & Head of Structured Finance of Prime Bank. Imtiaz Ahamed Bhuiyan, EVP of Prime Bank, Abdul Wasi FCMA, SVP of X Index Companies and other executives of X Index Companies and Prime Bank were also present.

X Index Companies (XIC), one of the leading business conglomerates of Bangladesh, started its journey with Index Architects Limited in 1977 which is the flagship entity of the group. Architect Md. Mazherul Quader is the founder of the Group. He has designed and constructed notable structures i.e. Aarang Plaza, BRAC Centre etc. in Bangladesh as well as in UAE, Liberia, Sri Lanka, Uganda and few other countries. The group diversified its business in the field of real estate development, building construction, manufacturing of ceramics, feed manufacturing, poultry farming and hatchery etc. Major concerns of the Group are X-Ceramics Ltd., Monalisa Ceramics Ltd. and Index Agro Industries Ltd. etc.

The Sponsors of X Index Companies are planning to implement two power projects in the name of Tangail Palli Power Generation Ltd. (“TPPGL”) and Kanchan Purbachal Power Generation Limited (“KPPGL”) on Build, Own and Operate (“BOO”) basis.

Prime Bank is mandated to raise syndication finance for project of TPPGL and KPPGL respectively as Lead Arranger. It may be mentioned here that, the syndication finance of X- Ceramics Ltd., the successful ceramic project of X Index Companies was arranged by Prime Bank in 2009.

Prime Bank started its journey of loan syndication in 1999 and raised around BDT 32.0 billion through 32 syndication transactions for glass manufacturing, pharmaceuticals, ceramic, tourism, textile industry, chemical, micro credit and agricultural finance, infrastructure development, telecom etc. Among these, some of the projects are considered first of its kind in the country.
27-Apr-2019
PRIME BANK SIGNS “PRIME PAYROLL” AGREEMENT WITH EMINENCE CHEMICAL INDUSTRIES
Prime Bank has recently signed a “Prime Payroll” agreement with Eminence Chemical Industries Limited. In presence of Md. Touhidul Alam Khan, Deputy Managing Director & CBO of Prime Bank, the agreement was signed by Mamur Ahmed, Head of Consumer Sales & Collection of Prime Bank and Belayet Hussain, Managing Director of Eminence Chemical Industries Limited on behalf of their respective organizations. Other high officials of both organizations were also present on the occasion.

Under the payroll agreement, the employees of Eminence Chemical Industries Limited will enjoy certain privileged services & facilities from Prime Bank.
03-Apr-2019
Prime Bank Donates to "Prime Minister’s Relief and Welfare Fund"
Prime Minister Sheikh Hasina receives a cheque from Managing Director & CEO of Prime Bank Rahel Ahmed at Ganobhaban on April 02, 2019. The Bank made the donation to the Prime Minister’s Relief and Welfare Fund to support the Churihatta’s Fire affected people at Chawkbazar. Chairman of Bangladesh Association of Banks Md. Nazrul Islam Mazumder was also present on the occasion.
02-Apr-2019
Prime Bank signed PrimePay Agreement with The ACME Laboratories Limited
The ACME Laboratories Limited has signed an agreement with Prime Bank for ‘PrimePay’ – a digital platform of Prime Bank for processing payment instructions.

In presence of Nagina Afzal Sinha, Chairman, The ACME Laboratories Limited; Mizanur Rahman Sinha, Managing Director, The ACME Laboratories Limited and Shams Abdullah Muhaimin, Head of Transaction Banking, Prime Bank has signed the agreement on behalf of their respective organizations.

Md. Humayun Kabir, Director – International Business, The ACME Laboratories Limited, Md. Ferdous Khan, Director – Sales & Distribution, The ACME Laboratories Limited, Shahbaj Talat, Team Head, Corporate & Institutional Banking, Prime Bank, Mahbuba Ashraf, Team Head, Transaction Banking, Prime Bank & Mohammad Farhan Adel, Head of Cash Management, Prime Bank were also present in the event along with other high officials from both the organizations.
27-Mar-2019
Prime Bank conducted training program on ‘Prevention of Money Laundering & Terrorist Financing’
Prime Bank’s AML & CFT Division recently organized a day long training program on “Prevention of Money Laundering and Terrorist financing” for the officials of eight (08) Branches of Rajshahi Division at Shimanto Conference Center , BGB, Rajshahi.

The training program was inaugurated by A. K. M. Fazlur Rahman, Executive Director of Bangladesh Bank, Regional Office, Rajshahi and Habibur Rahman, Additional Managing Director & CAMLCO of Prime Bank chair the program. Mohd. Afzal Hossain, SVP & Deputy CAMLCO and A. K. M. Enamul Haque, VP & Regional Head Rajshahi & Khulna were also present on the training program.
27-Mar-2019
Prime Bank Receives "Relationship Award 2018"
Prime Bank Limited has received "Relationship Award 2018" from La-Caixa Bank, Spain in recognition of the excellent cooperation in the year 2018. Angel Gil Gutierrez, Head of Asia, GCC and Pacific for FI, La-Caixa Bank S.A., Spain handed over the award to Hassanul Zahed, Head of International Banking, Prime Bank in an event held at Pan Pacific Sonargaon Hotel in Dhaka.
27-Mar-2019
Prime Bank signs agreement with Chattogram City Corporation
Chattogram city dweller now can easily deposit their Holding Tax and Trade License Fees through online at selected branches of Prime Bank. In this regard, a MoU has signed at Chattogram City Corporation recently.

In presence of A J M Nasir Uddin, Mayor, Chattogram City Corporation, Md. Shamsuddoha, Chief Executive Officer, Chattogram City Corporation and Md. Anowarul Islam, EVP & Team Head, CnIB, Prime Bank has signed the Agreement on behalf of their respective organizations. Abu Shahed Chowdhury, Secretary, Chattogram City Corporation, Rupam Chowdhury, AVP & RM, CnIB, Prime Bank and Muhammad Zubair, FAVP & RM, TB, Prime Bank were also present along with other high officials from both the organizations.
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