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27th Virtual Annual General Meeting
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27-Feb-2022
Prime Bank, Partners with BUET
Prime Bank Limited has signed an agreement with Bangladesh University of Engineering & Technology (BUET). Under this agreement, tuition fees deposited by a BUET student at any Prime Bank Branch will be added in real time to the central account of BUET maintained by Prime Bank. With this agreement Prime Bank becomes the first Private Commercial Bank of Bangladesh to collect tuition fees for BUET. This cooperation opens up space for both Prime Bank & BUET to collaborate in vast areas of banking services and quality education.

Shams A. Muhaimin, Deputy Managing Director of Prime Bank and Md. Jasim Uddin Akond, FCME, Comptroller, BUET, signed the agreement on behalf of their respective organizations in presence of Prof. Dr. Satya Prasad Majumder, Vice Chancellor of BUET. Among others, Prof. Dr. Abdul Jabbar Khan, Pro-Vice-Chancellor, BUET; Prof. Dr. Muhammad Anisuzzaman Talukder, Director, RISE, BUET; Mohammad Farhan Adel, SVP, Prime Bank were also present at the signing ceremony.

About the agreement, Shams A. Muhaimin, Deputy Managing Director of Prime Bank, said: “We think this agreement will be mutually beneficial for the both organizations. This is just the beginning of our partnership with BUET.” “In the coming days we hope to make this service available on our digital platforms so that student can pay their tuition fees anytime, anywhere.”, he added.

Commenting on the agreement, Prof. Dr. Satya Prasad Majumder, Vice Chancellor of BUET, said: “I have been banking with Prime Bank for a long time & their recent digital developments have been exemplary. We believe this partnership will help us in our continuous journey to providing world-class education to our students.”
25-Jan-2022
Prime Bank donates umbrellas to Chattogram Metropolitan Police
Prime Bank has donated umbrellas to the dedicated police force of Chattogram Metropolitan Police to help provide uninterrupted services during unfavorable weather. Md. Anwarul Islam, SEVP and Regional Head Ctg, of Prime Bank handed over 500 pieces of umbrellas to N M Nasir Uddin, Deputy Police Commissioner, Ctg South (Traffic).
01-Jan-2022
Achieving 100% of the targeted stimulus loan disbursement to CMSMEs
Prime Bank has received appreciation letter from Bangladesh Bank for achieving 100% of the targeted stimulus loan disbursement to CMSMEs. The letter was handed over to Managing Director & CEO of Prime Bank, Hassan O. Rashid by the Honorable Governor of Bangladesh Bank, Fazle Kabir.
26-Dec-2021
Prime Bank Introducing Mortgage Free Loan up to BDT 1 Crore for dealers of GPH Ispat Ltd.
Prime Bank has introduced a dedicated Distributor Financing Program named “Prime Dealer” to serve the dealers/distributors of large corporates across the country. Under the Prime Dealer program Prime Bank Ltd has initiated a strategic partnership with GPH Ispat Ltd.

The partnership will help registered GPH Ispat dealers to enjoy collateral free MSME loan up to BDT 1 Crore from Prime Bank with 24/7 banking and dedicated dealer helpdesk.

To grace the ceremony, Champak Chakrabortty, Head of Credit Synchronization and Monitoring Unit of GPH Ispat along with Syed Omar Tayub, SEVP & Head of MSME Banking Division of Prime Bank were present with other senior officials from both the organizations.

Commenting on the partnership, the Managing Director & CEO of Prime Bank Hassan O. Rashid said, “It is a great initiative for GPH Ispat & Prime Bank to team up and support the growth of MSME in Bangladesh towards more financial inclusion.”
25-Nov-2021
Prime Bank wins prestigious Efma-Accenture Banking Innovation Awards 2021
Prime Bank limited shines in the international Financial Sphere receiving the Analytics & Artificial Intelligence (AI) award- Bronze at the prestigious Efma-Accenture Banking Innovation Awards 2021 along with Bank of Santander, Spain (Gold) and ING Bank, Turkey (Silver). The accolade comes from Prime Bank’s AI driven digital nano financing platform, “PrimeAgrim” that focuses on innovation that facilitates banking needs and propel financial inclusion.

The Efma-Accenture Banking Innovation Awards have been a catalyst for innovation in the banking sector worldwide. The awards ceremony is widely recognized as the ‘Oscars’ of the Banking industry. Efma recognizes the best in banking innovation, attracted a record-breaking 816 entries from nearly 300 financial institutions in 73 countries.

PrimeAgrim, is a digital nano financing platform that is embedded with artificial intelligence, machine learning and alternative credit to address emergency needs of Blue-collar Working Community. PrimeAgrim is an end-to-end digital product that assesses customers’ credit eligibility and completes disbursement digitally, negating the hassles of document submission to save time and energy.

Prime Bank Limited’s Head of Consumer Banking Division and DMD, ANM Mahfuz commented on this occasion, “Prime Bank has been working relentlessly to promote financial inclusion through digital transformation. PrimeAgrim was designed and developed with that exact objective in mind. Global recognitions like this assures that we are indeed on the right path and we shall keep working to bring even more innovative and customer-centric digital initiatives in the future.”

Prime Bank Limited’s MD & CEO, Hassan O. Rashid commented on this occasion, “This is a great acknowledgement for Prime Bank. Our focus is to deploy technology and innovation for financial inclusion and this recognition certainly adds to that motivation.”
23-Nov-2021
Prime Bank rallies around the city to stand beside the pandemic affected SME industry
Prime Bank organized a three-day long road-show with the slogan, ‘Rejuvenate your Business with New Spirits’. This road show was organized to demonstrate the bank’s several services and also human resources that can help the SME sector combat the deadly aftermath of COVID-19.

Officials from Prime Bank’s head office and local branches, led by the head of SME Banking, Syed M. Omar Tayub met thousands of SME entrepreneurs in the Mirpur, Mohammadpur, Islampur, Moulvibazar, Chawk bazar, New Market and Elephant Road area of the capital. The idea was to promote wide array of SME banking services of the bank among the entrepreneurs and association leaders, that can help this industry negate the damage done by the pandemic. It is a timely initiative that will allow the ever important SME business of this country with the help of the right financial tools.

Syed M. Omar Tayub said, “It was an insightful experience to have a close interaction with so many SME business owners who got affected by the pandemic. Prime Bank will always be in the fight to help this industry flourish once again.”.

Commenting on the initiative, Prime Bank's Managing Director & CEO, Hassan O. Rashid said, “Prime Bank is extremely delighted to host such an event that shows the bank’s commitment with the SME businesses in such a critical time. I believe that, businesses affected in the COVID period will find the right solutions to regain full operation through Prime Bank’s SME Schemes”, he added.
20-Nov-2021
Prime Bank subscribed BDT 2.0 billion in the preference shares of United Mymensingh Power Limited
Prime Bank subscribed BDT 2.00 billion in the preference shares issued by United Mymensingh Power Limited (UMPL), one of the concerns of United Group – a leading business conglomerate of Bangladesh.

As part of the group’s initiative to explore alternative instruments to support its financing requirement, Prime Bank arranged and subscribed the preference shares. To grace the ceremony, Moinuddin Hasan Rashid, Managing Director and Hasan Mahmood Raja, Chief Advisor of UMPL along with Hassan O. Rashid, Managing Director & CEO and Shams A. Muhaimin, Deputy Managing Director of Prime Bank were present with other senior officials from both the organizations.

Commenting on the subscription, the Managing Director & CEO of Prime Bank Hassan O. Rashid said, “Prime Bank has long been supporting the capacity building of power sector in Bangladesh through both long-term and short term financing. I believe our continuous investment in power sector will fuel economic growth”.
14-Nov-2021
Prime Bank becomes the first bank to make payroll tax using the eTDS system.
Prime Bank is all set to use the electronic Tax Deduction at Source (eTDS) system arranged by The National Board of Revenue (NBR). This system allows users to get the TDS certificate, Monthly Report, and the Withholding Tax Return immediately along with aChallan.

By integrating data sharing with the eReturn system, users will be able to get all types of tax deduction information such as salary payments and many more. Mohammad Jahid Hasan, Commissioner of Taxes, Md. Nururzzaman Khan, Additional Commissioner of Taxes, Ariful Hoque, Deputy Commissioner of Tax and Kazi Mohammad Ziaul Haque, Senior System Analyst from NBR along with Shams Abdullah Muhaimin, DMD, Transaction Banking, Mohammad NurNobi, EVP, FAD, Mohammad Farhan Adel, SVP, Transaction Banking from Prime Bank, were present in the event.

Commenting on this agreement, Shams Abdullah Muhaimin, DMD, Transaction Banking said, “Prime Bank is always on the lookout to expand to new avenues of this digital era. By initiating tax deduction services at source, our corporate customers will be able to digitize their tax return process.
31-Oct-2021
Prime Bank donates blankets to Prime Minister’s Relief Fund
As part of Corporate Social Responsibility (CSR), Prime Bank has donated 100,000 blankets to the Prime Minister’s Relief and Welfare Fund to help the underprivileged people in the upcoming winter season.

The handover ceremony was held on Thursday, 28th October, 2021, at the Prime Minister’s Office with the Honorable Prime Minister attending the occasion virtually from Ganabhaban.

Prime Bank’s Executive Committee Chairman Zaeem Ahmed and Independent Director C.Q.K Mustaq Ahmed handed over the blankets to the Principal Secretary of the Prime Minister, Dr. Ahmad Kaikaus during the event.
23-Oct-2021
Prime Bank is set to facilitate the payroll accounts of City Group employees
Prime Bank has recently signed a ‘Prime Payroll’ agreement with one of Bangladesh’s most esteemed conglomerates, City Group.

In the presence of Faisal Rahman, AMD and ANM Mahfuz, DMD & Head of Consumer Banking Division of Prime Bank Limited, the agreement was signed by Mamur Ahmed, Head of Consumer Sales of Prime Bank Limited and, Director Md. Hasan of City Group on behalf of their respective organizations. Other top officials from both the organizations were present during the signing ceremony.

Under this payroll agreement, the employees of City Group will be eligible for privileged rates on consumer loans and credit cards while enjoying exciting benefits from the other consumer banking products of Prime Bank.

Commenting on this fruitful partnership, Faisal Rahman, AMD of Prime Bank said, “Prime Bank has been a trusted name among the big corporates for over two decades and this agreement with City Group justifies our relentless efforts to be the most reliable financial institution of this country”.
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