Business Report :
Prime Bank PLC announces its third quarter (Q3) financial results for the period ended on 30 September 2024.
The Board of Directors of the Bank adopted its Q3 un-audited Financial Statements at the Board Meeting held at its head office in the capital on Monday.
The Bank posted a 45per cent Net Profit after Tax (NPAT) growth in Q3, 2024.
The standalone NPAT was recorded at Tk 510 crore compared to Tk 351 crore of the same period of previous year.
Earnings per share stood at Tk. 4.51 as against Tk. 3.10 of the corresponding period.
Net Asset Value (NAV) per share and Net Operating Cash Flow per share (NOCFPS) recorded as Tk. 33.68 and TK. 2.30 respectively in Q3, 2024 which was Tk. 29.91 and Tk. 4.27 in the same period of last year.
Bank’s total assets stands at Tk. 53,215 crore at the end of September 2024 and Loans and advances of the Bank were Tk. 32,389 crore. Prime Bank’s Capital to Risk Weighted Assets Ratio (CRAR) stood at 18.26per cent which is one of the highest in the banking industry.
