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Prime Bank's Q3 profit soars 27per cent

Published: November 07, 2019 10:36:09 | Updated: November 09, 2019 10:44:33


Prime Bank formally disclosed its 3rd Quarter-2019 financial reports at its head office in Dhaka on Wednesday. Rahel Ahmed (2nd from left), Managing Director & CEO spoke on the overall situation prevailing in the banking industry and also highlighted future plan of the Bank

Prime Bank formally disclosed its 3rd quarter-2019 financial reports at its head office in Dhaka on Wednesday, said a statement.

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.

The 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. The Bank also reported after tax net profit of Tk.1.55 billion at the end of third quarter of the year 2019, registering a 27 per cent increase over the profit of same period of the previous year, which was Tk 1.22 billion.

Consolidated NAV (Net Asset Value) per share of the Bank increased by more than 4.0 per cent 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.

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