Prime Bank formally published its financial report of 3rd quarter recently, posting 27 percent year-on-year profit growth in the first three quarters (January – September) of the current accounting year.
The Bank reported net profit after tax of Tk 155 crore at the end of third quarter of the year 2019, registering a 27 percent increase over the profit of same period of the previous year, which was Tk 122 crore.
Earnings per share (EPS) of the Bank was Tk 1.37 for the period from January to September 2019 against that of Tk 1.08 during the same period of the previous year.
Consolidated NAV (Net Asset Value) per share of the Bank increased by more than 4 percent and stood at Tk. 23.25 as on September 30, 2019 as against Tk 22.37 of the corresponding period of the previous year.
Rahel Ahmed, Managing Director & CEO of Prime Bank, spoke on the overall situation prevailing in the banking industry & also highlighted key features of future plan of the Bank, while M Habibur Rahman Chowdhury, DMD & CFO presented the financial results.
Deputy Managing Directors Md. Golam Rabbani, Md. Touhidul Alam Khan, Faisal Rahman, along with the other senior officials of the Bank were also present on the occasion.
Local and foreign investment analysts and capital market experts participated in the programme through internet via live broadcast. Local as well as foreign investors, researchers, analysts and a huge number of individuals took part through web platforms.
Prime Bank official facebook page also covered the event live.