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Prime Bank PLC, a leading commercial Bank in the country, announced its annual dividend payment for the year 2024.
The Board of Directors of the bank adopted its annual audited financial statements at the Board Meeting held on Thursday, 13 March 2025 and recommended 20 per cent dividend - 17.50 per cent cash and 2.5 per cent stock for its shareholders for the year 2024, according to a media release.
This dividend declaration reflects the commitment of the bank to deliver sustainable financial results to its’ shareholders while maintaining a strong financial position.
The bank posted a 54 per cent growth of Net Profit after Tax (NPAT) compare to previous year. The standalone NPAT was recorded at Tk 745 crore in 2024 against Tk 484crore in 2023. Earnings per share stood at Tk. 6.58 as against Tk. 4.27 of the corresponding year.
Net Asset Value (NAV) per share and Net Operating Cash Flow per share (NOCFPS) was recorded at Tk. 34.27 and TK. 3.06 respectively.
The bank’s total assets stands at Tk. 54,812 crore at the end of December 2024. Prime Bank’s Capital to Risk Weighted Assets Ratio (CRAR) stood at 17.37 per cent which is one of the highest in the banking industry.
The bank has announced the date of Annual General Meeting (AGM) to be held on 05 May 2025, while the record date set as 10 April 2025.