Prime Bank PLC
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
- 2026-02-10 resignation Board of Prime Bank accepted the resignation of MD and CEO Hassan O. Rashid at its board meeting; Rashid's departure effective March 31, 2026 pending Bangladesh Bank approval; he is set to join Eastern Bank Limited as Managing Director. ↗↗
- 2026-02-15 appointment Prime Bank disclosed to Dhaka Stock Exchange that Additional Managing Director Faisal Rahman will serve as Acting CEO effective April 1, 2026, ensuring leadership continuity pending Bangladesh Bank's formal appointment process. ↗
- 2025-04-01 earnings Prime Bank PLC reported FY2024 full-year net income of BDT 7,322 million (approximately Tk 732 crore), up from BDT 4,816 million in FY2023 — a 52% increase; basic EPS BDT 6.3122 vs BDT 4.1463 a year earlier; the bank declared 20% dividend for FY2024 (up from 17.5% in FY2023). ↗↗
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
- https://en.wikipedia.org/wiki/Prime_Bank_PLC.
- https://www.primebank.com.bd/board-of-directors
- https://crab.com.bd/crab-has-announced-the-entity-rating-of-prime-bank-plc/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/balance-sheet/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/
- https://stockanalysis.com/quote/dse/PRIMEBANK/financials/ratios/
- https://www.marketscreener.com/quote/stock/PRIME-BANK-PLC-6501187/news/Prime-Bank-PLC-Reports-Earnings-Results-for-the-Full-Year-Ended-December-31-2024-49663531/
- https://www.newagebd.net/post/mis/291361/prime-bank-ceo-hassan-o-rashid-resigns
- https://www.tbsnews.net/economy/banking/prime-bank-ceo-resigns-set-join-eastern-bank-md-1362746
- https://www.tbsnews.net/economy/corporates/tanjil-chowdhury-re-elected-chairman-prime-bank-plc-868831
- https://www.thedailystar.net/business/banking/news/prime-banks-aaa-rating-reflects-excellence-governance-stability-3935941
- https://thefinancialexpress.com.bd/trade/crab-upgrades-prime-banks-long-term-credit-rating-to-aaa
- https://en.bonikbarta.com/business/CjWtvRDWI1Rs9ikV
- https://www.primebank.com.bd/
- https://www.primebank.com.bd/assets/reports/annual-disclosure/PRIMEBANK-Annual-Report-2024-web.pdf