Prime Bank Ltd posted a 27 percent year-on-year profit growth in the first three quarters (January - September) of the current accounting year. In this period, the bank made improvement in other indicators as well.
The private commercial bank, listed with both the stock exchanges of the country, in its earnings disclosure event at its head office in Dhaka on Wednesday, presented various details of its business and financial results.
Many local and foreign investment analysts, capital market experts and reporters participated in the quarterly earnings call through internet via live broadcast.
In his financial presentation M Habibur Rahman Chowdhury, chief financial officer and deputy managing director of the bank, said Prime Bank's earnings per share (EPS) was Tk1.37 in the first nine months of 2019, which was Tk1.08 during the same period last year.
The bank reported a net profit of Tk155 crore during the period, registering a 27% increase over the profit it made in the same period of the previous year, which was Tk122 core.
The consolidated net asset value per share (NAVPS) of the bank stood at Tk23.25 on September 30, 2019, which was Tk22.37 on the same date in the previous year, increased by more than 4 percent.
Rahel Ahmed, managing director & chief executive officer of Prime Bank spoke on the overall situation prevailing in the banking industry and also highlighted key aspects of ongoing business and future plan of Prime Bank.
The bank's 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.
The team answered queries from investors and analysts during an open floor discussion session.