Prime Bank PLC
Profile
- Total assets
- ৳550,195,000,000
- Deposits
- ৳355,697,000,000
- Gross NPL
- 4.22%
- CRAR
- n/a
- Net profit
- ৳7,322,000,000
- Chairman
- Tanjil Chowdhury
- MD/CEO
- Faisal Rahman (Acting CEO from 2026-04-01; Hassan O. Rashid served as MD/CEO until 2026-03-31)
- Rating
- AA1
Provenance & notes
Established April 17, 1995 per Wikipedia and official website. established_year and license_year both 1995. Branch count 149 per official website (primebank.com.bd) and Wikipedia; earlier sources cited 146 (Q3 2024 interim statements) — the 149 figure is current as of the website (fetched 2026-05-20). ATMs: 153 per Wikipedia; earlier sources cited 158. Employee count 2,968 per Wikipedia (includes 710 female staff). Paid-up capital BDT 11,323,000,000 per stockanalysis.com FY2024 balance sheet (S&P Global Market Intelligence); Wikipedia FY2025 common stock shows 11,606M reflecting post-2024 stock dividend. Total assets BDT 550,195,000,000 per stockanalysis.com FY2024; Wikipedia shows BDT 548,118,450,000 — difference is rounding/consolidation adjustment; the stockanalysis.com figure is used as it cites S&P Global and is consistent with reported Q3 2024 total assets of ~BDT 532,000,000,000. Total deposits BDT 355,697,000,000 and gross loans BDT 368,356,000,000 per stockanalysis.com FY2024 balance sheet; loans exceed deposits partly due to non-deposit funding (bonds, interbank). NPL BDT 14,489,000,000 (4.22%) from search-result snippet citing 2024 annual report; NPL coverage 119% from same source. Net profit BDT 7,322,000,000 per MarketScreener earnings announcement citing DSE filing; EPS BDT 6.3122 per same source. ROA 1.43% and ROE 20.27% per stockanalysis.com ratios page (FY2024). CAR: Q3 2024 CRAR was 18.26% per TBS/New Age quarterly report; full-year 2024 CAR not confirmed from audited source, so capital_adequacy_ratio_pct left null pending full annual report verification. shareholders_equity_bdt BDT 38,785,000,000 per stockanalysis.com FY2024. Chairman Tanjil Chowdhury re-elected for 2024-26 term (third consecutive term); first assumed chairmanship at 500th board meeting circa June 2020 — chairman_since set to 2020-06-01 approximately. Azam J Chowdhury (founder) remains a board director. CRAB rating: CRAB official website shows AA1/ST-1 Stable as of June 25, 2024; however, multiple press reports (Daily Star, Financial Express, Daily Sun) reference a CRAB upgrade to AAA; the discrepancy may reflect a subsequent upgrade after June 2024 not captured on the static CRAB page. This record uses AA1 from the directly verified CRAB page; the rating_actions section flags the discrepancy. CRISL had previously assigned AA/ST-1. is_listed_dse=true; also listed on CSE (ticker PRIMEBANK). Subsidiaries include Prime Exchange Co. (Singapore), PBL Finance (Hong Kong), Prime Bank Securities Ltd, Prime Bank Investment Ltd, Prime Bank Foundation. foreign_ownership_pct not confirmed from primary source; BII (British International Investment) holds a stake from its October 2021 $30 million investment. verification_status=partial: CAR not confirmed from 2024 audited source; foreign ownership not confirmed; authorized capital not found; agent banking outlet count not found; CRAB AAA vs AA1 discrepancy not resolved. Activity evidence hold: removed 3 exact generated refresh event(s) on read. Generated scores, positions, activity actions and verification stamps are unavailable. Retained events and unmatched action text require source review; original raw records are unchanged. Financial fields matching legacy class defaults are unverified pending document review; a matching value alone does not establish that the original figure was false.
Sources
- https://en.wikipedia.org/wiki/Prime_Bank_PLC.
- https://www.primebank.com.bd/board-of-directors
- https://crab.com.bd/crab-has-announced-the-entity-rating-of-prime-bank-plc/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/balance-sheet/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/ratios/
- https://www.marketscreener.com/quote/stock/PRIME-BANK-PLC-6501187/news/Prime-Bank-PLC-Reports-Earnings-Results-for-the-Full-Year-Ended-December-31-2024-49663531/
- https://www.newagebd.net/post/mis/291361/prime-bank-ceo-hassan-o-rashid-resigns
- https://www.tbsnews.net/economy/banking/prime-bank-ceo-resigns-set-join-eastern-bank-md-1362746
- https://www.tbsnews.net/economy/corporates/tanjil-chowdhury-re-elected-chairman-prime-bank-plc-868831
- https://www.thedailystar.net/business/banking/news/prime-banks-aaa-rating-reflects-excellence-governance-stability-3935941
- https://thefinancialexpress.com.bd/trade/crab-upgrades-prime-banks-long-term-credit-rating-to-aaa
- https://en.bonikbarta.com/business/CjWtvRDWI1Rs9ikV
- https://www.primebank.com.bd/
- https://www.primebank.com.bd/assets/reports/annual-disclosure/PRIMEBANK-Annual-Report-2024-web.pdf