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08-Aug-2022
Prime Bank Launches Integrated Online Prepaid Collection Service with DESCO |
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Prime Bank & DESCO (Dhaka Electric Supply Company Limited) has partnered up for online prepaid electricity bill collection. The agreement was signed at a ceremony held at the DESCO head office situated at Nikunja in Dhaka where officials from both organizations were present.
The agreement between Prime Bank & DESCO will allow customers of DESCO to pay their prepaid electricity bills at their nearest Prime Bank branches and other alternative delivery channels. Through this agreement the transaction will be realized and updated in DESCO database in real time.
Engr. Md. Kausar Ameer Ali, Managing Director, DESCO; Kh Zoherul Islam, Joint Secretary & Executive Director (Finance), DESCO, Engr. A.K.M Mahiuddin, Executive Director (Procurement), DESCO; Shams Abdullah Muhaimin, DMD & Head of Transaction Banking Division, Prime Bank, Mohammad Farhan Adel, Senior Vice President & Head of Cash Management, Prime Bank along with other high officials from both the organizations were also present during the ceremony.
Engr. Md. Kausar Ameer Ali, Managing Director, DESCO said “DESCO is proud to have partnered up with Prime Bank that’ll ensure safe, reliable & sustainable electricity supply. This agreement will allow us to ensure technologically advanced & exceptional customer experience.” Adding to that Shams Abdullah Muhaimin, DMD, Prime Bank said, “Integrating DESCO’s database with Prime Bank’s Branch network & alternative delivery channels will help the customers of DESCO to pay their electricity bills in real time, reduce the hassle & make the whole process convenient. This will help both the organizations on their drive towards improving customer experience.”
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19-Jul-2022
Prime Bank Partners Up with Green Delta Insurance Company Ltd. |
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Prime Bank & Green Delta Insurance Company Limited (GDIC), one of the leading insurance providers of the country, has partnered up to provide insurance facilities for Prime Bank Car & Home Loan customers. With this partnership, Prime Bank’s Car & Home Loan customers can avail insurance policy to cover the risks of their vehicle or real-estate property with ease.
ANM Mahfuz, DMD & CBO, Consumer Banking Division, Prime Bank & Syed Moinuddin Ahmed, Additional Managing Director, GDIC signed MoU on behalf of their respective organizations. Miah Mohammad Rabiul Hasan, EVP & Head of Wealth Management from Prime Bank, Wafi Shafique Menhaz Khan, Deputy Managing Director from GDIC along with other high officials from both the organization were also present during the ceremony. |
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29-Jun-2022
Prime Bank Donated BDT 10 Crore to the Flood Affected People of Bangladesh |
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Considering the flood situation of the country, Prime Bank donated BDT 10,00,00,000/- (Ten Crore Taka Only) to the Prime Minister’s Relief & Welfare fund.
C Q K Mustaq Ahmed, Independent Director of Prime Bank along with Hassan O. Rashid, Managing Director & CEO of Prime Bank handed over the cheque to Dr. Ahmad Kaikaus, Principal Secretary to the Honorable Prime Minister. The handover ceremony was graced by the Honorable Prime Minister Sheikh Hasina through video conference. |
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20-Jun-2022
PRIME BANK SIGNS REMITTANCE DISBURSEMENT AGREEMENT WITH WAVE FOUNDATION |
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Prime Bank Limited has recently signed an agreement with Wave Foundation for disbursing remittance of different international exchange companies. This will be facilitated by 127 branches of Wave Foundation across Bangladesh.
Shams Abdullah Muhaimin, Deputy Managing Director of Prime Bank Limited, and Mohsin Ali, Executive Director of Wave Foundation, signed the agreement on behalf of their respective organizations.
Syed Faisal Omar, Head of Financial Institutions, Prime Bank, Anwar Hossain, Deputy Executive Director, Wave Foundation, and senior officials of both organizations were also present on the occasion.
Under this agreement, Prime Bank will utilize branches of Wave Foundation for payments of remittances channeled from remittance companies to respective beneficiaries. For this, Wave Foundation will get access to relevant processing system for payment of those remittances. In this regard, necessary training will be provided to concerned branch personnel of Wave Foundation to ensure smooth payments while ensuring necessary compliance and due diligence. This handshaking will enhance the number of payment locations for Prime bank while Wave Foundation will be able to serve their customers’ remittance needs.
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12-Jun-2022
Prime Bank Revamps its Internet Banking with MyPrime App |
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For many, internet banking has become an integral part of their day-to-day modern life. From transferring money to the loved one, to paying utility bills and even recharging mobile, it’s hard to imagine a day without the presence of banking through internet.
As popularity of mobile banking service rises, Prime Bank has revamped its mobile banking app and launches MyPrime. With its convenient user interface, MyPrime comes with up-to-date functionalities and exciting features. The user journey of the app is designed to ensure maximum convenience and ease of use for the customers. Customers can enjoy banking services (fund transfers, payments, statements, live chat, top-up, card & account details, service request etc.) from wherever, whenever.
At an event held in a hotel at Dhaka city, MD & CEO of Prime Bank Hassan O. Rashid unveiled the MyPrime app. The Senior management team of Prime Bank, Faisal Rahman, AMD; Mohammad Habibur Rahman Chowdhury, DMD & CFO; ANM Mahfuz, DMD & CBO, Consumer Banking; Shams Abdullah Muhaimin, DMD, Transaction Banking; Md. Ziaur Rahman DMD, CAMLCO & CRO were also present at the event among others.
ANM Mahfuz, Prime Bank’s DMD & CBO of Consumer Banking said, “Prime Bank was one of the first local banks to introduce internet banking in Bangladesh. With the growing demand of internet banking Prime Bank has revamped its old app Altitude to MyPrime with exciting features and easy to use UI.” “MyPrime is available on iOS and android for everyone to use.” He added
Prime Bank’s Managing Director and CEO Hassan O. Rashid says, “Consumers are embracing digital financial services at an unprecedented pace. As the banking industry embraces digital transformation, we need to serve our customers and manage their expectations 24/7.” “With MyPrime app, Prime Bank reaches yet another milestone in its digital transformation journey that will change the way we have been doing banking and serving our customers”, he added.
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05-Jun-2022
Tanjil Chowdhury re-elected as Chairman of Prime Bank |
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Tanjil Chowdhury has been unanimously re-elected as chairman of Prime Bank for a consecutive term of two-years (2022-24) on the 528th Board Meeting.
He is the Managing Director of East Coast Group (ECG), a diversified conglomerate with more than 43 years of experience in Energy & Downstream Hydrocarbons.
He completed his BA (Hons) in Accounting & Finance with distinction and went on to complete MSc in International Management (Finance) from King’s College London (KCL).
Tanjil Chowdhury is an advisor to British International Investment (BII), formerly CDC Group Plc, UK’s development financial institution, and an impact investor with assets of £7.5 billion across the world in emerging economies.
He was an elected director of Bangladesh Cricket Board for two terms and served as Chairman of the Facilities Management and Age Group Committee of BCB.
Mr. Chowdhury served as President of Bangladesh Merchant Bankers Association (BMBA) for 2014 & 2015 and was the former President of Solar Module Manufacturers Association of Bangladesh (SMMAB). He served as Convener of the Standing Committee on Financial Institutions, Capital Market and Services-2014 and Co-Convener of the Standing Committee on National Energy Strategy for Private Sector Development-2013, Dhaka Chamber of Commerce & Industries (DCCI).
He is also the former Chairman of the Prime Exchange Co. Pte. Ltd., Singapore and former General Secretary of Prime Bank Cricket Club.
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25-May-2022
Prime Bank Introduces the First-ever 24X5 Trade Shop in Bangladesh |
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The Bank has extended its real-time and customized trade solutions for its diverse local and global clients to 24 hours a day - 5 days a week for efficient and timely service, attending to the growing trade volume of its valued customers.
Under this service, general trade services will be offered from 08:00 AM to 10:00 PM and query-based customer support will be provided from 10:00 PM to 08:00 AM.
Details of services of the 24/5 Trade Shop can be found in following link.
https://www.primebank.com.bd/index.php/home/trade_shop
Hassan O. Rashid, MD & CEO, Prime Bank has said “Prime Bank has always played an important role in promoting and handling international trade and this 24/5 Trade Service initiative, I believe, will benefit our clients immensely.”
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18-May-2022
Prime Bank Supports Bangladesh Disabled Development Trust |
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Prime Bank has been a long supporter of an inclusive, accessible and sustainable world. In order to achieve that Prime Bank has partnered with Bangladesh Disabled Development Trust (BDDT) and their drive to support Persons with Disabilities (PWDs) for their capacity building and initiate income generating activities, rehabilitation services etc. Prime Bank handed over a cheque to BDDT to bear their cost of training program on the Braille System.
Hassan O. Rashid, Managing Director and CEO of Prime Bank handed over a cheque to Md. Moniruzzaman Khan, Founder and Managing Trustee (CEO) of BDDT. Hassan O. Rashid also handed over a copy of Al-Quran published in the Braille System to a visually impaired person. Along with others Mohammad Firoz Alam, EVP & Head of Credit Risk Management & Sustainable Finance Unit was also present in the program.
Commenting on the occasion, Hassan O. Rashid, Managing Director of Prime Bank, said: “Prime Bank is proud to support BDDT in their venture to help the visually impaired with their training program on Braille System”. “In order to create an inclusive world Prime Bank appreciates BDDT’s efforts and Prime Bank is committed to support person with disabilities in any way possible.” he added.
Moniruzzaman Khan, Founder and Managing Trustee (CEO) of BDDT, said: “Prime Bank’s support on creating a more disability-friendly Bangladesh is commendable. This will help us in achieving our goal of creating a more inclusive world for everyone.”
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12-May-2022
Prime Bank holds 27th Annual General Meeting (AGM) |
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The 27th Annual General Meeting (AGM) of Prime Bank Limited was held virtually on May 12, 2022 at 11:00 a.m. in the presence of 293 shareholders, Board of Directors, Independent Scrutinizer, auditors, observers, and high officials of the Bank.
The meeting was chaired by Mr. Tanjil Chowdhury, Chairman of the Bank, where, amongst others, Executive Committee Chairman Mr. Zaeem Ahmed, Audit Committee Chairman Mr. Anwaruddin Chowdhury FCA, Risk Management Committee Chairman Dr. Sharif M. N. U. Bhuiyan, former Chairman Mr. Azam J Chowdhury, and the Managing Director and CEO Mr. Hassan O. Rashid were present during the meeting.
The shareholders approved a 17.50% cash dividend for the year 2021 along with adoption of Director’s Report & Audited Financials, appointment and reappointment of directors, statutory auditor, and compliance auditor.
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22-Mar-2022
Prime Bank’s Internationally Acclaimed Nano Loan Service Platform “PrimeAgrim” Gains National Momentum |
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Prime Bank’s Internationally Acclaimed Nano Loan Service Platform “PrimeAgrim” Gains National Momentum.
After an enormous win in the international Financial Sphere receiving the Analytics & Artificial Intelligence (AI) award- Bronze at the prestigious Efma-Accenture Banking Awards along with other global Financial Institutions, "PrimAgrim" makes its mark in the national frontier with yet another accolade from Bangladesh Innovation Award 2022, in Best Innovation – Finance Category.
Prime Bank’s Head of Consumer Banking Division and DMD, ANM Mahfuz along with PrimeAgrim’s Product owner and Head of Agent & Digital Banking, Md. Majidul Haque, received the award from Salman Fazlur Rahman, MP, Private Industry and Investment Adviser to Honorable Prime Minister of Bangladesh, at the gala event recently.
The accolade comes from Prime Bank’s AI driven digital nano financing platform, “PrimeAgrim” that is embedded with artificial intelligence, machine learning and alternative credit to address emergency needs of Blue-collar Working Community. It 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.
"PrimeAgrim was designed to promote financial inclusion through digital transformation. It is wonderful that PrimeAgrim has begun to receive such acclaimed recognitions in Bangladesh which is a testament to the array of benefits “PrimAgrim” is set to bring to the nation. Motivated, we shall keep working to bring even more innovative and customer-centric digital initiatives in the future," said Prime Bank's Head of Consumer Banking Division and DMD, ANM Mahfuz.
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Philosophy 
