Prime Bank PLC., a leading commercial Bank in the country, announces its third quarter (Q3) financial results for the period ended on September 30, 2024, says a press release.
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 per 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鈥檚 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鈥檚 Capital to Risk Weighted Assets Ratio (CRAR) stood at 18.26% which is one of the highest in the banking industry. Bank鈥檚 NPL coverage ratio was recorded at 137%.
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