Premier Bank, despite facing challenges in the banking sector, achieved a remarkable profit growth of 23.26% in 2022 compared to the previous year. The bank’s net profit surged to Tk 403 crore, while the operating profit reached a record high of Tk 988 crore. Premier Bank’s stable financial performance was attributed to factors such as significant recovery from stuck-up loans, a healthy deposit mix, and a reduction in loss-making branches.
The bank witnessed a 12.53% increase in total risk-weighted assets and a 10% growth in total customer liability. Nonperforming loans remained below the industry benchmark at 3.04% of the total loan outstanding. Despite global economic crises and foreign exchange volatility, Premier Bank capitalized on its import-export surplus, benefiting from exchange rate fluctuations. The bank also plans to enhance technological capabilities, integrate bKash-linked accounts, and implement e-KYC and National Payment System Bangladesh integration for streamlined transactions. Premier Bank Securities Ltd, the bank’s subsidiary, also demonstrated strong performance in 2022.
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