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News
09-Sep-2018
Prime Bank Wins Best SME Deal Award from ADB
Prime Bank Ltd. has got Best SME Deal Award from Asian Development Bank (ADB). Rahel Ahmed, MD&CEO; and Syed M Omar Tayub, EVP & Head of MSME received this prestigious award at fourth Annual ADB Trade Finance Program (TFP) Award-2018 held on 4 September 2018 in Singapore. Over 200 guests from banks and other financial institutions around the world attended the event.
13-Aug-2018
PRIME BANK SIGNED PARTICIPATORY AGREEMENT WITH BANGLADESH BANK
Prime Bank recently signed a Participatory Agreement under Investment Promotion and Financing Facility II (IPFF) project with Bangladesh Bank.

In presence of Bangladesh Bank Governor Fazle Kabir, Deputy Governor and Project Director of IPFF-II Ahmed Jamal and Managing Director of Prime Bank Rahel Ahmed signed the documents on behalf of the respective organizations. Senior Financial Sector Specialist of World Bank AKM Abdullah, DGM & Deputy Project Director of IPFF II Project Cell Rathin Kumar Paul, Joint Director Goutam Kumar Ghosh, SEVP and Head of Structured Finance of Prime Bank Shams A. Muhaimin & other high official of both organizations were present on the occasion.

Under this agreement, Prime Bank will be able to Finance it’s customers in power and infrastructure sectors at a very competitive rate of interest.
01-Aug-2018
Prime Bank launched Management Trainee Program, 2018
For details, please click here
25-Jun-2018
Md. Shirajul Islam Mollah, New EC Chairman of Prime Bank
The Board of Directors of Prime Bank Limited in a recent meeting unanimously elected Mr. Md. Shirajul Islam Mollah, M.P as the Chairman of the Executive Committee of the Board.

Mr. Md. Shirajul Islam Mollah is a Sponsor Director of the Bank. As a renowned businessman, Mr. Mollah is the Managing Director of China-Bangla Ceramic Industries Limited, Bengal Tiger Cement Industries Limited, Bajnabo Textile Mills Limited, United Shipping Lines Limited.

Widely travelled, Mr. Shirajul Islam Mollah is involved with various social and educational activities and earned recognitions from a number of organizations. He is the founder of Bajnabo Abul Faiz Mollah High School, Shibpur, Narsingdi. A philanthropist, Mr. Md. Shirajul Islam Mollah is also the Chairman of “Shirajul Islam Mollah Samaj Seba Foundation”.

Mr. Mollah is an elected Member of Parliament from Narshingdi-3 and also a member of Dhaka Stock Exchange (DSE).
10-Jun-2018
Prime Bank Elects Vice Chairman of the Board
The Board of Directors of Prime Bank Limited in a recent meeting unanimously elected Mr. Mafiz Ahmed Bhuiyan and Mr. Imran Khan as the new Vice Chairmen of the Bank for next two years.

Mr. Mafiz Ahmed Bhuiyan, Vice Chairman:

Mr. Mafiz Ahmed Bhuiyan is a Sponsor Director of Prime Bank Limited. Mr. Bhuiyan is Managing Director of IPE Technology Limited, Shepherd World Trade Limited, Shepherd Consultant & Management Ltd. and Representative Director in the Board of Citizen Securities & Investment Limited (A full-fledged Merchant Bank) as Chairman. He is former Trustee/Life Member of Eastern University & South East University and Director of Australian International School (International Holdings Ltd.) As a Businessman, Mr. Bhuiyan can be termed one of the pioneers in the field of RMG in terms of setting up backward linkage industries in collaboration with reputed overseas companies belonging to developed countries. Currently Mr. Bhuiyan is member of the Executive Committee of the Board of Prime Bank and Chairman of Prime Bank Foundation- dedicated CSR wing of the Bank. Mr. Bhuiyan takes keen interest in Games and Sports and had been an active golfer until recently.

Mr. Imran Khan, Vice Chairman:

Mr. Imran Khan, a promising business personality is a Director of Pedrollo nk Limited; a leading company engaged in import, sales and distribution of renowned Italian brand Water Pump ‘PEDROLLO’ in Bangladesh.In addition, the company also acts as a sole agent of renowned SAER, Itap, HCP and Rain Bird brand water pumps in Bangladesh. Mr. Khan is director of diversified business concerns like PNL Holdings Ltd., PNL Water Management Ltd., Halda Valley Tea Company Ltd., Halda Fisheries Ltd. and Hill Plantation Ltd. In addition, he is proprietor of Prima Enterprise, a trading house involved in import of various trading items. Mr. Khan is an Ex-Cadet of Fauzdarhat Cadet College, Chittagong and completed his post-graduation from North South University, Dhaka. [ Mr. Khan is member of numerous clubs and societies like Chittagong Club Ltd., Chittagong Boat Club, Shaheen Golf & Country Club and actively associates himself with various CSR activities. He is member of the Governing body of Lion Mukhlesur Rahman Foundation- a renowned NGO and Charitable Organization operating from Chittagong for the underprivileged and poor masses. Mr. Khan is currently a Member of the Executive Committee of the Board of Directors of Prime Bank Limited.
04-Jun-2018
Azam J Chowdhury Re-elected Chairman of Prime Bank
The Board of Directors of Prime Bank Limited in its 479th Meeting held on 30th May 2018 unanimously re-elected Mr. Azam J Chowdhury as the Chairman of the Board of Directors of the Bank for the next two years effective from 1st June 2018.

Azam J Chowdhury is an elite industrialist and entrepreneur of Bangladesh. He is the Chairman and owner of East Coast Group. In addition, he is the Chairman of The Consolidated Tea & Lands Company Bangladesh Limited (formerly, James Finlay Limited). Mr. Chowdhury is also the Managing Director of MJL Bangladesh Limited, an affiliate of Exxon Mobil Corporation in Bangladesh. Mr. Azam J Chowdhury is the Director of Omera Petroleum Ltd. one of the largest LPG operators of the country. He is also the Director of Omera Cylinders Ltd. and Omera Fuels Ltd.

Mr. Chowdhury is the President of Bangladesh Energy Companies Association (BECA) and Vice-President of LPG Operators Association of Bangladesh (LOAB). He is the President of Bangladesh Association of Publicly Listed Companies (BAPLC) and Director of Central Depository Bangladesh Limited (CDBL). Mr. Chowdhury is the President of Bangladesh Ocean Going Ship Owner’s Association (BOGSOA) since May 2012. He is the current Chairman of Audit & Finance Committee of Kurmitola Golf Club (KGC). In the past Mr. Chowdhury also served as the Chairman of Green Delta Insurance Company Limited (2001-2005).

In recognition to his performance, the Hungarian Government nominated him as the Honorary Consul of Hungary in Bangladesh.

Mr. Chowdhury is a renowned Golfer and achieved laurels several times in this sporting arena.
03-Jun-2018
Prime Bank Organizes Discussion Session on Ramadan
Prime Bank Limited organized a discussion session on Ramadan at Samson H. Chowdhury Centre, Dhaka Club recently. Member of Prime Bank Shariah Supervisory Committee Prof. Dr. Maolana Mohammad Shahidul Islam Barakati was the speaker on the subject while Managing Director of the Bank Rahel Ahmed gave vote of thanks.

Among others, Vice Chairman of the Bank Mafiz Ahmed Bhuiyan, Chairman of the Audit Committee Shamsuddin Ahmad Ph.D, Director- Md. Shahadat Hossain, M. Farhad Hussain FCA, AMD, DMD’s, senior executives of the bank, renowned Islamic thinkers and educationists, Valued Clients of the Bank were also present on the occasion.
24-May-2018
Prime Bank declares 10% Stock & 7% Cash Dividend.
23rd Annual General Meeting of Prime Bank Limited was held on Thursday, May 24, 2018 at Krishibid Institution, Farmgate, Dhaka. Azam J Chowdhury, Chairman, Board of Directors presided over the meeting.

Among different agenda, Shareholders attending the Annual General Meeting, approved the audited financial statements and also the declaration of 10% Stock & 7% Cash Dividend under reference of the year 2017 recommended by the Board.

Vice Chairperson of the Board Nasim Anwar Hossain, Chairman of the Audit Committee Shamsuddin Ahmad Ph.D, Chairman of the Risk Management Committee Dr. G.M. Khurshid Alam, Directors –Salma Huq, Md. Shirajul Islam Mollah, M.P, Md. Shahadat Hossain, Mafiz Ahmed Bhuiyan, Mohammad Mushtaque Ahmed Tanvir (Titash), M. Farhad Hussain FCA, former chairman Capt. Imam Anwar Hossain, Managing Director Rahel Ahmed, high officials along with a large number of shareholders were present at the AGM.

Mohammed Ehsan Habib, SEVP & Company Secretary conducted the AGM.
14-May-2018
School Banking Conference-2018
Md. Touhidul Alam Khan, Deputy Managing Director & Chief Business Officer of Prime Bank Ltd. given a pose with the students of London Grace International School of Mohammadpur participated in ‘School Banking Conference-2018’ arranged by Bangladesh Bank recently. Under initiatives of 57 commercial Banks, around 600 students participated from 60 schools from Dhaka district in the conference.
14-May-2018
Loan Agreement Signing ceremony
Rahel Ahmed, Managing Director & CEO of Prime Bank and Abdul Ahad, Managing Director of Dutch-Bangla Pack Limited, a joint venture concern with the Netherlands exchanging Loan Agreement recently for a Project Loan in presence of Ms. Leoni Margaretha Cuelenaere, the Ambassador of the Netherlands to Bangladesh. Md. Touhidul Alam Khan, Deputy Managing Director & Chief Business Officer of Prime Bank, Martjin de Groot, Investment Officer, FMO along with high officials from both the organizations were also present on the occasion.
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