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Prime Bank PLC, a leading commercial bank in the country, announces its first quarter (Q1) financial results for the period ended on 31 March 2025.
The board of directors of the bank adopted its Q1 unaudited financial statements at the board meeting held on Thursday, 24 April 2025.
The bank has secured a 59% net profit after tax (NPAT) growth in Q1, 2025 on a consolidated basis, according to a media release.
The NPAT was recorded at Tk 2.09 billion compared to Tk 1.32 billion for the same period of the previous year. Earnings per share stood at Tk 1.85 as against Tk 1.16 of the corresponding period.
Net Asset Value (NAV) per share and Net Operating Cash Flow per share (NOCFPS) were recorded as Tk 34.44 and Tk 13.43 respectively, in Q1, 2025, which were Tk 30.72 and Tk (1.19) in the same period of last year.
Total assets of the bank on a consolidated basis stand at Tk 576.33 billion at the end of March 2025 and loans and advances of the bank were Tk 336.23 billion. At the end of Q1 2025, Prime Bank’s Capital to Risk Weighted Assets Ratio (CRAR) stood at 17.02%.
Prime Bank is committed to providing innovative banking solutions and sustainable growth.