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The Premier Bank PLC

pcb_conventional · DSE: PREMIERBAN · partial (verified 2026-05-20)

Profile

Total assets
৳449,984,000,000
Deposits
৳337,513,000,000
Gross NPL
—
CRAR
— (n/a)
Net profit
৳1,342,000,000
Chairman
Dr. Arifur Rahman
MD/CEO
Md. Monzur Mofiz
Rating
—

Premier Bank is in deep financial and governance distress. The original family-controlled board was dissolved by Bangladesh Bank in August 2025 after a Tk 10,500 crore trade finance fraud at Narayanganj branch was confirmed. FY2024 profit collapsed 68% to Tk 134 crore; NPL surged to 10% by September 2024 and further to 42% by September 2025. No dividend declared for 2024. BB provided Tk 5,000 crore emergency liquidity in 2026. New reconstituted board under Dr. Arifur Rahman (chairman, Aug 2025) and new MD Md. Monzur Mofiz (Apr 2026) are managing recovery.

Recent activity

Provenance & notes

Name: Official name is 'The Premier Bank PLC' (with 'The'); DSE ticker is PREMIERBAN; Banglapedia and Wikipedia use older form 'Premier Bank Limited'. Incorporation date 10 June 1999 per Banglapedia and Wikipedia; banking licence 17 June 1999; listed DSE 2007. Paid-up capital BDT 12,334 million (1,233.43 crore) per DSE company profile as of April 30, 2026; total shares 1,233,431,133 at face value BDT 10. Authorized capital not confirmed for 2024 — Banglapedia (2020 data) cited Tk 10,000 million but this is likely stale; not set to avoid guessing. Branch count 137, sub-branches 64, ATMs 136, agent outlets 200 per Wikipedia (2024 data); employee count 2,755 per Wikipedia citing 2024 figure. Government ownership 0% per DSE shareholding (April 2026): sponsors/directors 23.92%, institutions 22.22%, public 53.86%, foreign 0%. Balance sheet figures (total assets BDT 449,984 million, deposits BDT 337,513 million, loans BDT 331,315 million) from stockanalysis.com citing FY2024 (Dec 31, 2024). Net profit BDT 1,342 million confirmed by both stockanalysis.com income statement and DSE 'Profit for Year' field (Tk 1,341.61 million). EPS BDT 1.09 and NAV BDT 21.73 per DSE. NPL ratio for FY2024 not found in a retrievable primary-source document: only known reference points are September 2024 = 10% and September 2025 = 42% (per New Age / TBS reporting); December 2024 figure not confirmed — set to null. CAR (CRAR) as of December 2024 disclosed in the Basel III Pillar III document on thepremierbankplc.com but PDF binary was unreadable by fetch; exact value not confirmed — set to null. ROA/ROE not disclosed in publicly scraped summaries; set to null. Chairman Dr. Arifur Rahman elected 21 August 2025 at 314th board meeting per Daily Star and Dhaka Tribune. MD Md. Monzur Mofiz: additional MD and MD (CC) from 14 December 2025; formal three-year appointment effective 16 April 2026 per TFE and TBS. Abu Jafar's contract terminated at 332nd board meeting 17 December 2025. No public credit rating found for 2025-26 validity; field left null. DSE market category is 'Z' as of May 2026 (distressed category). Provision deficit of Tk 7,017 crore confirmed as of March 2025 (Q1 FY2025-26). BB Tk 5,000 crore emergency loan per New Age. Tk 10,500 crore Narayanganj LC fraud per TBS. HBM Iqbal (former chairman 2011-2025, Awami League MP) fled Bangladesh after August 2024 government change; ACC opened corruption probe. Verification_status=partial: balance sheet and income statement verified from stockanalysis.com cross-checked with DSE EPS/profit; NPL and CAR for Dec 2024 not confirmed from primary PDF source.

Sources