Prime Bank posts nearly Tk 400 crore profit in 2022

Business Report :
Prime Bank Ltd recorded a 23 per cent year-on-year increase of profit to Tk 399.7 crore in the financial year that ended on December 31.
It made a profit of Tk 324.97 crore in 2021.
The private commercial bank, thus, reported consolidated earnings per share of Tk 3.53 for 2022 compared to Tk 2.87 a year ago.
The consolidated net asset value per share of Prime Bank improved to Tk 28.41 in 2022 from Tk 26.26 in 2021 while the consolidated net operating cash flow per share slipped to a negative of Tk 0.28 from a positive Tk 9.65 during the period.
The board of directors has recommended a 17.50 per cent cash dividend for 2022.