Prime Bank PLC announced its half yearly financial results for the period ended on 30 June 2024.
The board of directors of the bank adopted its half yearly un-audited financial statements at a board meeting held on Tuesday.
The bank posted a 49% net profit after tax (NPAT) growth in the first half of the year 2024.
The standalone NPAT was recorded at Tk329 crore compared to Tk221 crore of the same period of previous year.
Earnings per share stood at Tk2.91 as against Tk1.95 of the corresponding period.
Net Asset Value (NAV) and Net Operating Cash Flow per share (NOCFPS) recorded as Tk32.05 and Tk8.71 respectively in H1 2024 which was Tk28.69 and Tk(0.86) in H1 2023.
Bank’s total assets stood at Tk51,181 crore at the end of June 2024 and loans and advances of the bank was Tk32,632 crore.
Prime Bank’s capital to risk weighted assets ratio (CRAR) stood at 18.12% which is one of the highest in the banking industry.
Their NPL coverage ratio was recorded at 142%.
The bank is committed to providing innovative banking solutions, sustainable growth and to achieve the excellence in customer service.