Prime Bank PLC, a pioneering private bank in the country, announced its annual dividend payment for the year 2024.
The board of directors of the bank adopted its annual audited financial statements at the board meeting held on Thursday and recommended 20 per cent dividend 鈥� 17.50 per cent cash and 2.5 per cent stock for its shareholders for the year 2024.
This dividend declaration reflects the commitment of the bank to deliver sustainable financial results to its shareholders while maintaining a strong financial position.
The bank posted a 54 per cent growth of Net Profit after Tax (NPAT) compared with the previous year. The standalone NPAT was recorded at Tk聽745 crore in 2024 against Tk聽484 crore in 2023. Earnings per share stood at Tk聽6.58 as against Tk聽4.27 of the previous year.
Net Asset Value (NAV) per share and Net Operating Cash Flow per share (NOCFPS) was recorded at Tk聽34.27 and TK聽3.06 respectively.
The bank鈥檚 total assets stands at Tk聽54,812 crore at the end of December 2024. Prime Bank鈥檚 Capital to Risk Weighted Assets Ratio (CRAR) stood at 17.37 per cent which is one of the highest in the banking sector.
The Bank has announced the date of annual general meeting to be held on May 5, while the record date set as April 10.
Prime Bank is committed to innovative banking and sustainable growth, said a press release.
