Prime Bank sees 18% growth in quarterly profit
Banking
Prime Bank Ltd has posted an 18 percent increase in profits in the first quarter of the current financial year (Jan-Mar 2020) on a solo basis.
The bank, listed on both the stock exchanges, held its earnings disclosure event on Thursday, said a press release.
Prime Bank's net profit rose to Tk51 crore during the January to March period and its earnings per share stood at Tk0.45.
Its net asset value per share was Tk24.11, whereas its net operating cash flow per share stood at Tk2.17.
The bank's Managing Director Rahel Ahmed and its other senior officials were present at the event.
Speaking on the occasion, Rahel said, "Prime Bank has fared reasonably well in the first quarter of the current financial year against the backdrop of Covid-19, which has slowed down business and economic activities. At the time of this crisis, we have put highest priority on the health safety and wellbeing of our employees, customers and community."
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.