In the first quarter of the current year (January-March), Prime Bank has posted a net profit of 2.09 billion taka. Compared to the same period last year, the bank’s profit has increased by 59%. On Thursday (April 24), the bank’s board of directors approved the financial report for the first quarter of 2025, and the bank released a press statement regarding the results.
Prime Bank stated that the profit in the same period last year was 1.32 billion taka, which has increased by 770 million taka, reaching 2.09 billion taka this year. This marks a 59% increase in profit year-on-year.
At the end of the first quarter, the bank’s earnings per share (EPS) rose to 1.85 taka, up from 1.16 taka in the same period last year. The net asset value (NAV) per share also increased to 34.44 taka, compared to 30.72 taka last year.
Additionally, at the end of the first quarter, the bank’s net operating cash flow per share was 13.43 taka, compared to a negative 1.19 taka during the same period last year.
Prime Bank also announced that the total assets of the bank at the end of the first quarter amounted to 57.633 billion taka, and the loan and advances stood at 33.623 billion taka.
Furthermore, the bank’s risk-based capital adequacy ratio reached 17.02%, reflecting the bank’s strong financial position.
