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Prime Bank PLC has posted a 59 per cent growth in net profit year on year in the January-March quarter this year, riding on higher interest and investment income.
The second generation private commercial bank has reported Tk 2.09 billion in net profit after tax on consolidated basis for three months through March, up from Tk 1.32 billion in the same period a year before.
Consequently, its earnings per share stood at Tk 1.85 as against Tk 1.16 in the corresponding period, says a statement.
The net operating cash flow per share, a measure of the bank's ability to generate cash from its operations, jumped to Tk 13.43 per share, from negative Tk 1.19 in the same quarter of the previous year.
The net asset value, which refers to the excess of total assets over total liabilities, reached Tk 34.44 per share as of March quarter this year, up from Tk 30.72 in the same quarter last year.
Total assets of the bank on consolidated basis stood at Tk 576.33 billion at the end of March 2025 and loans and advances of the bank was Tk 336.23 billion.
Prime Bank's capital to risk weighted assets ratio (CRAR) stood at 17.02 per cent at the end of the March quarter.
Prime Bank is committed to providing innovative banking solutions and sustainable growth, the statement added.