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Prime Bank PLC

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

Profile

Total assets
৳550,195,000,000
Deposits
৳355,697,000,000
Gross NPL
4.22%
CRAR
— (n/a)
Net profit
৳7,322,000,000
Chairman
Tanjil Chowdhury
MD/CEO
Faisal Rahman (Acting CEO from 2026-04-01; Hassan O. Rashid served as MD/CEO until 2026-03-31)
Rating
AA1

Prime Bank ended FY2024 as a top-tier private bank with net profit of BDT 7,322 million (+52% YoY), NPL ratio of 4.22% with 119% coverage, CRAB AA1 rating, and ranked 3rd in Bonikbarta's 2024 Bangladesh listed-bank ranking (score 40.81). CEO Hassan O. Rashid resigned effective March 31, 2026 to join Eastern Bank; Faisal Rahman (Additional MD) serves as Acting CEO from April 1, 2026.

Recent activity

Provenance & notes

Established April 17, 1995 per Wikipedia and official website. established_year and license_year both 1995. Branch count 149 per official website (primebank.com.bd) and Wikipedia; earlier sources cited 146 (Q3 2024 interim statements) — the 149 figure is current as of the website (fetched 2026-05-20). ATMs: 153 per Wikipedia; earlier sources cited 158. Employee count 2,968 per Wikipedia (includes 710 female staff). Paid-up capital BDT 11,323,000,000 per stockanalysis.com FY2024 balance sheet (S&P Global Market Intelligence); Wikipedia FY2025 common stock shows 11,606M reflecting post-2024 stock dividend. Total assets BDT 550,195,000,000 per stockanalysis.com FY2024; Wikipedia shows BDT 548,118,450,000 — difference is rounding/consolidation adjustment; the stockanalysis.com figure is used as it cites S&P Global and is consistent with reported Q3 2024 total assets of ~BDT 532,000,000,000. Total deposits BDT 355,697,000,000 and gross loans BDT 368,356,000,000 per stockanalysis.com FY2024 balance sheet; loans exceed deposits partly due to non-deposit funding (bonds, interbank). NPL BDT 14,489,000,000 (4.22%) from search-result snippet citing 2024 annual report; NPL coverage 119% from same source. Net profit BDT 7,322,000,000 per MarketScreener earnings announcement citing DSE filing; EPS BDT 6.3122 per same source. ROA 1.43% and ROE 20.27% per stockanalysis.com ratios page (FY2024). CAR: Q3 2024 CRAR was 18.26% per TBS/New Age quarterly report; full-year 2024 CAR not confirmed from audited source, so capital_adequacy_ratio_pct left null pending full annual report verification. shareholders_equity_bdt BDT 38,785,000,000 per stockanalysis.com FY2024. Chairman Tanjil Chowdhury re-elected for 2024-26 term (third consecutive term); first assumed chairmanship at 500th board meeting circa June 2020 — chairman_since set to 2020-06-01 approximately. Azam J Chowdhury (founder) remains a board director. CRAB rating: CRAB official website shows AA1/ST-1 Stable as of June 25, 2024; however, multiple press reports (Daily Star, Financial Express, Daily Sun) reference a CRAB upgrade to AAA; the discrepancy may reflect a subsequent upgrade after June 2024 not captured on the static CRAB page. This record uses AA1 from the directly verified CRAB page; the rating_actions section flags the discrepancy. CRISL had previously assigned AA/ST-1. is_listed_dse=true; also listed on CSE (ticker PRIMEBANK). Subsidiaries include Prime Exchange Co. (Singapore), PBL Finance (Hong Kong), Prime Bank Securities Ltd, Prime Bank Investment Ltd, Prime Bank Foundation. foreign_ownership_pct not confirmed from primary source; BII (British International Investment) holds a stake from its October 2021 $30 million investment. verification_status=partial: CAR not confirmed from 2024 audited source; foreign ownership not confirmed; authorized capital not found; agent banking outlet count not found; CRAB AAA vs AA1 discrepancy not resolved.

Sources