Prime Bank PLC
DDSE:PRIMEBANK29.50
BDT
+1.20
(+4.24%)
ISIN
BD0116PMBNK2
Return %
Stock
S&P 500
1Y
15.58
14.20
3Y
56.40
81.12
5Y
44.97
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Faisal Rahman
- Full Time Employees
- 3,093
- Sector
- Finance
- Industry
- Regional banks
- Address
- Dhaka Bangladesh
- IPO Date
- Mar 27, 2000
- Website
- primebank.com.bd
- Similar Companies
- Business
- Prime Bank PLC is a commercial banking and financial services institution headquartered in Dhaka, Bangladesh. Founded in 1995 and publicly listed on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker PRIMEBANK, the bank provides a comprehensive range of conventional and Islamic banking solutions to corporate entities, cottage, micro, small, and medium enterprises (CMSMEs), institutional clients, and retail consumers. The company operates primarily through three core segments: Wholesale Banking, Consumer Banking, and MSME Banking. Its systematic product and service offerings comprise corporate and institutional banking solutions, including syndicated finance, project financing, structured finance, working capital loans, trade finance, letters of credit, bank guarantees, cash management, and corporate advisory; consumer banking products, including current and savings accounts, fixed and recurring deposit schemes, home loans, auto loans, personal loans, credit and debit cards, and non-resident Bangladeshi (NRB) banking services; Islamic banking products under the Prime Hasanah brand, operating under Shari'ah-compliant principles for deposit mobilization and investment financing; treasury and market operations, covering foreign exchange dealings, money market trading, government securities transactions, and liquidity management; and offshore banking services providing foreign currency lending and international trade settlement. In addition, the bank delivers merchant banking, underwriting, and portfolio management services through Prime Bank Investment PLC; equity brokerage and custodial services through Prime Bank Securities Limited; digital financial technology solutions via Prime Bank FinTech Limited; and cross-border remittance services through international subsidiaries including Prime Exchange Co. Pte Ltd. in Singapore and PBL Finance (Hong Kong) Limited in Hong Kong. Prime Bank PLC maintains a nationwide domestic footprint of approximately 149 branches and more than 150 automated teller machines (ATMs) across Bangladesh, complemented by digital banking applications and online transactional portals. In recent developments, Prime Bank PLC has implemented key strategic alliances, expanded digital banking capabilities, and broadened its financing facilities. The bank joined Bangladesh Bank's BDT 5,000 crore Working Capital Refinance Fund to deliver low-cost financing to CMSMEs, while also participating in a BDT 500 crore start-up refinancing initiative and introducing digital nano loan facilities to advance financial inclusion. In transaction banking and payment infrastructure, the bank partnered with the Chittagong Port Authority to launch a co-branded Visa card designed to streamline port-related payments, and integrated with mobile financial services provider bKash to deliver 24/7 automated cash management and payroll solutions. Furthermore, the bank expanded corporate tie-ups for institutional payroll and consumer credit card merchant financing across the manufacturing, real estate, and retail sectors, and collaborated with the Institute of Business Administration (IBA) to launch dedicated entrepreneurship certification programs. The institution also continues to scale its environmental, social, and governance (ESG) framework, integrating sustainability criteria into credit underwriting and expanding green financing programs across priority industrial sectors.