Staff Reporter : Prime Bank PLC., a leading commercial Bank in the country, 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 on Monday, 28 October 2024.
The Bank posted a 45% 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 was Tk. 32,389 crore. Prime Bank’s Capital to Risk Weighted Assets Ratio (CRAR) stood at 18.26% which is one of the highest in the banking industry. Bank’s NPL coverage ratio was recorded at 137%.
Prime Bank is committed to providing innovative banking solutions and sustainable growth.