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03-Jun-2023
Prime Bank is set to facilitate the payroll accounts of Concorde Garments Group employees |
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Prime Bank has recently signed a ‘Prime Payroll’ agreement with Concorde Garments Group.
In the presence of Faisal Rahman, Additional Managing Director of Prime Bank and Ahmed Kamal Khan Chowdhury, Finance Director of Concorde Garments Group, the agreement was signed by Mamur Ahmed, Head of Consumer Sales of Prime Bank and Executive Director Basher A. Khan of Concorde Garments Group on behalf of their respective organizations. Other top officials from both the organizations were also present during the signing ceremony.
Under this payroll agreement, the employees of Concorde Garments Group will be eligible for privileged rates on consumer loans and credit cards while enjoying exciting payroll benefits from the other consumer banking products of Prime Bank.
Commenting on this fruitful partnership, Faisal Rahman, Additional Managing Director of Prime Bank said, “Prime Bank has been a trusted name among the large corporates for almost three decades and this agreement with Concorde Garments Group reinforces our relentless efforts to be the most reliable financial institution of this country”.
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29-May-2023
Prime Bank shareholders approve 17.50% cash dividend |
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Prime Bank Limited has announced a 17.50% cash dividend for the year 2022. The announcement was made during the 28th Annual General Meeting (AGM) of Prime Bank Limited which was held virtually on Sunday, May 28, 2023 at 05:00 p.m. Board of Directors, Independent Directors, auditors, observers, and high officials of the Bank were present during the AGM.
The AGM was chaired by Tanjil Chowdhury, Chairman of the Board of Directors. Former Chairman Azam J Chowdhury, Vice Chairman - Md. Shahadat Hossain and Nazma Haque, Executive Committee Chairman Imran Khan, Audit Committee Chairman Anwaruddin Chowdhury FCA, Risk Management Committee Chairman Zaeem Ahmed and the Managing Director and CEO, Hassan O. Rashid were present during the meeting. Tanvir Siddiqui, Company Secretary, conducted the AGM.
The Shareholders of Prime Bank Limited declared 17.50% cash dividend and approved the Financial Statement of the Bank for the year 2022 along with adoption of Director’s Report & Audited Financials, appointment and reappointment of directors, statutory auditor, and compliance auditor.
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17-May-2023
Prime Bank signs agreement with Crowne Plaza Dhaka Gulshan |
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Prime Bank recently signed an agreement with Crowne Plaza Dhaka Gulshan at Crowne Plaza premises in Dhaka.
Nazeem A. Choudhury, Deputy Managing Director of Prime Bank and Mohammad Fawaad, Director of Operations of Crowne Plaza Dhaka Gulshan, signed the MoU (Memorandum of Understanding) on behalf of their respective organizations. Masudul Haque Bhuiyan, Head of Cards & ADC of Prime Bank Ltd & senior officials from both organizations were also present during the MoU signing ceremony.
Under the agreement, Crowne Plaza will be offering Buy One Get One Free buffet and special discounts on rooms, fitness center, laundry service, A-La-Carte menu at Beast restaurants, banquet hall for Prime Bank credit cardholders. Crowne Plaza Dhaka Gulshan is a prestigious five-star hotel in the country and has become very famous for their hospitality.
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10-May-2023
Prime Bank donates computers to JAAGO Foundation and Bidyanondo Foundation |
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As part of Corporate Social Responsibility (CSR), Prime Bank has donated Computers to JAAGO Foundation and Bidyanondo Foundation for providing basic education to the poor and underprivileged children of the society.
Faisal Rahman, Additional Managing Director and Md. Ziaur Rahman, Deputy Managing Director of Prime Bank handed over the computers to Salman Khan Yeasin, Head of Corporate Communication, Bidyanondo Foundation and Farah Madiha Binte Zaki, Deputy Manager, JAAGO Foundation respectively at the Bank’s head office in Dhaka on 10th May, 2023.
Among others Ziaur Rahman, Head of Human Resources and A Y M Mostafa, Chief Technology Officer of the Bank were also present on the occasion.
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06-May-2023
Nazeem A. Choudhury joins Prime Bank as Deputy Managing Director |
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Nazeem A. Choudhury has joined Prime Bank Limited as the Deputy Managing Director (DMD).
Mr. Choudhury has more than 22 years of diversified experience in Business Development, Sales & Marketing and Communications. Prior to his joining Prime Bank Limited, he served in multiple capacities with Beximco Pharmaceuticals, Metlife, Eastern Bank Limited and lastly served at Meghna Bank Limited as SEVP & Head of Retail & SME Banking.
He has completed his MBA from IBA, University of Dhaka and also has a Masters degree in English from University of Dhaka. He is a certified Project Management Professional.
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13-Apr-2023
Prime Bank Sponsors Tennis Competition |
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Prime Bank has always been a great supporter of growth of sports & athletes in Bangladesh. As part of this, Prime Bank has recently sponsored the 32nd Nasir Uddin Memorial Tennis Competition 2023, which was organized by the Tennis Sub-Committee of Officers Club Dhaka.
Cabinet Secretary and Club Chairman Md. Mahbub Hossain inaugurated the program as the chief guest. General Secretary of Officers Club Dhaka Mesbah Uddin was present as special guest of the event. Senior Secretary and Executive Chairman of Bangladesh Economic Zones Authority Shaikh Yusuf Harun presided over the inauguration program. On behalf of Prime Bank Deputy Managing Director Shams Abdullah Muhaimin and other senior officials were present on the occasion.
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11-Apr-2023
Prime Bank signed agreement with Bangladesh Bank |
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Prime Bank has recently signed an agreement on ‘AIIB Funded COVID-19 Emergency and Crisis Response Facility Project (CECRFP, L0415-A)’ for availing refinance facility against Government Stimulus Package for the CMSME sector at Bangladesh Bank Head Office in Dhaka.
Md Abdul Wahab Project Director (CECRFP), SME & Special Programs Department of the Bangladesh Bank and Hassan O. Rashid, Managing Director & CEO of Prime Bank signed the agreement on behalf of their respective organizations. Abu Farah Md. Nasser, Honorable Deputy Governor of the Bangladesh Bank was also present in the event as the chief guest.
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21-Mar-2023
Prime Bank signed agreement with Bangladesh Bank |
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Faisal Rahman, Additional Managing Director of Prime Bank, exchanged signed documents of an agreement with Abdur Rouf Talukder, Governor of Bangladesh Bank (BB), at the Bangladesh Bank headquarters in Dhaka recently over disbursing loans for export-oriented and production-based industries from a Tk 5,000 crore “Green Transformation Fund” of the central Bank. |
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25-Feb-2023
Syed M Omar Tayub promoted as DMD of Prime Bank |
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Syed M Omar Tayub has recently been promoted as Deputy Managing Director of Prime Bank. Prior to this new role, Mr. Omar Tayub was working as Senior Executive Vice President and Head of MSME Banking in Prime Bank, where he has played a pivotal role in transforming and flourishing the MSME banking business of the bank. He’s currently serving on deputation as the MD & CEO of Prime Bank Investment Ltd., a wholly owned subsidiary of Prime Bank.
Mr. Omar started his career in Standard Chartered Bank and has more than 22 years of experience in leadership roles across MSME and Consumer Banking functions in leading commercial banks of Bangladesh.
He has completed Honors and Masters in Physics from the University of Chittagong and EMBA from IBA, University of Dhaka. He has also attended various local and overseas trainings and workshops throughout his career.
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20-Feb-2023
Prime Bank and International Islamic Trade Finance Corporation (ITFC) Sign Master Murabaha Agreement |
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Prime Bank has signed a Master Murabaha Agreement with International Islamic Trade Finance Corporation (ITFC) - a member organization of Islamic Development Bank (IsDB). The arrangement will support growing trade business of Prime Bank for SME and Corporate segment. Under this agreement, ITFC will provide trade facility against Letter of Credit issued by Prime Bank. This is a 3-Year facility extended to Prime Bank, following a previous 1-Year Trade facility from ITFC under Murabaha Agreement.
Prime Bank’s Managing Director and CEO Hassan O. Rashid and ITFC’s COO Nazeem Noordali led the agreement signing ceremony on behalf of respective organizations.
ITFC’s General Manager- Trade Finance Abdihamid Aweis Abu and Prime Bank’s Additional Managing Director Faisal Rahman, DMD– Transaction Banking, Financial Institutions & Debt Capital Market Shams A Muhaimin were present along with other senior executives from both parties in the occasion.
“We are proud to partner with Prime Bank Limited and provide trade facility to the bank to support SME growth and the import of raw materials in Bangladesh. Private sector development is key for the country’s economic growth and supporting SMEs gain access to trade facility is a central tenet of the ITFC strategy, which also helps SMEs to participate in global value chains.” said Nazeem Noordali, COO of ITFC.
“We are very delighted to conclude the 3-Year Master Murabaha Trade agreement with International Islamic Trade Finance Corporation which will expand our capacity to conduct cross-border trade business. The support from ITFC has strategic value and significance as it comes at a time when businesses are witnessing challenges as a result of global economic turmoil. This will strengthen our existing bilateral relationship with ITFC and other member organizations of Islamic Development Bank.” said Hassan O. Rashid, Managing Director and CEO of Prime Bank.
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Philosophy 
