Report on Prime Bank Limited - Assignment Point
Report on Prime Bank Limited
Subject: Finance | Topics:

Islamic Mode of Operation

Prime Bank has started its Islami Banking operation through its first Branch being inaugurated at 19, Dilkusha C/A, Dhaka on 18 December 1995. Since then it has so far has established four more branches at different locations in the Country. Following are the salient features of Islamic Banking, as is practiced in Prime Bank Limited:

01.All activities are conducted according to Islamic Shariah.
02.Interest free monetary operations.
03.Building partnership relation between the Bank and its customers.
04.Following Islamic principles in its investment portfolio.
05.While investing special consideration to social needs is given.
06.Through small and long term deposit schemes providing hope to the poor income group of the society.
07.Client service centric banking, through which making the clients feel special.
08.Conduct welfare activates etc.

Service Portfolio

Prime Bank provides following services under Islami Banking:

                                                Deposit
                                                Investment
                                                Foreign Trade
                                                Remittance and Fund Transfer

Loan Scheme

We have formulated the following Loan Schemes

General Loan SchemeConsumer Credit Scheme
Lease FinanceConsumer Credit Scheme
House Building / Apartment Loan SchemeAdvance against Share
Small and Medium Enterprise (SME)   

Management

                                                M. Shahjahan Bhuiyan                                                                                                                                         Managing Director 
Nasiruddin Ahmed

Deputy Managing Director

Mahbubul Alam

Deputy Managing Director

 M. Shahidul Islam
Executive Vice President Corporate    Credit Operation & Corporate Marketing
Md. Mukhter Hossain

Executive Vice President

Md. Mehmood Husain

Executive Vice President

Manash Kumar Ghosh

Executive Vice President
Board Secretary

S M Mainuddin Chowdhury

Executive Vice President Information Technology

Ahmed Kamal Khan Chowdhury

Executive Vice President
Financial Administration

 Investments

                                      Base year – 2001

                                     TOTAL= (1,730,739,491)

 20022003200420052006
Government Securities 1,880,000,0002,550,000,0002,590,000,0003,240,000,0005,201,365,969
Government Bonds     51,233,000     83,114,400   382,210,900  582,669,1002,472,334,330
Other Investments     65,000,000   116,595,000   111,601,500  116,825,959   170,682,648
TOTAL=1,996,233,0002,749,709,4003,083,812,4003,939,495,0597,844,382,947

 

AVERAGA                                                                                                                                                                   GROWTH

2002    115.34
2003    158.87
2004    178.18
2005    227.62
2006    453.24
GROWTH SUM TOTAL=  1133.25
2002  115.34
2003  158.87
2004  178.18
2005  227.62
2006  453.24
GROWTH AVERAGA

TOTAL=

  226.65

 

 

 

 

 Deposits and Other accounts

                                  Base year – 2001

                                     TOTAL= (13,109,873,402)

 20022003200420052006
TOTAL  16,172,287,88021,092,349,36128,069,242,6036,022,455,08154,724,080,584
      

 

AVERAGA                                                                                                                                                                  GROWTH

2002    123.36
2003    160.89
2004    214.11
2005    274.77
2006    417.43
GROWTH SUM TOTAL=  1190.56
2002  123.36
2003  160.89
2004  214.11
2005  274.77
2006  417.43
GROWTH AVERAGA

TOTAL=

  238.112

 

 

 

 

Loans and advances

                                  Base year – 2001

                                     TOTAL= (9,074,941,476)

 20022003200420052006
TOTAL  12,686,845,33016,492,224,40523,219,673,30531,916,112,50845,010,218,048
      

 

AVERAGA                                                                                                                                                                   GROWTH

2002    139.80
2003    181.73
2004    255.87
2005    351.69
2006    495.98
GROWTH SUM TOTAL=  1425.07
2002  139.80
2003  181.73
2004  255.87
2005  351.69
2006  495.98
GROWTH AVERAGA

TOTAL=

  285.014

 

 

 

 

 Income

                                     Base year – 2001

                                       TOTAL= (756,087,753)

 20022003200420052006
Total operating income1,196,200,9901,592,214,9911,970,365,4852,406,430,8113,232,036,163
Total operating income   448,356,365   590,804,544   824,227,141   886,089,6491,101,072,827
TOTAL= 747,844,625   1,001,410,4471,146,138,3441,520,341,1622,130,963,336

 

AVERAGA                                                                                                                                                                   GROWTH

2002    98.91
2003  132.45
2004  151.59
2005  201.08
2006  281.84
GROWTH SUM TOTAL=   865.87

 

 

 

2002    98.91
2003  132.45
2004  151.59
2005  201.08
2006  281.84
GROWTH AVERAGA

TOTAL=

  173.174

 

 

 

 

CAPITAL

                                       Base year – 2001

                                        TOTAL= (1,023,870,059)

 20022003200420052006
TOTAL  1,665,104,0701,962,119,8942,476,058,2383,177,321,5244,409,212,050
      

 

AVERAGA                                                                                                                                                                    GROWTH

2002    162.63
2003    191.64
2004    241.83
2005    310.33
2006    430.64
GROWTH SUM TOTAL=   1337.07

 

 

 

2002  162.63
2003  191.64
2004  241.83
2005  310.33
2006  430.64
GROWTH AVERAGA

TOTAL=

  267.414

 

 

 

 

NET PROFIT       

                                      Base year – 2001

                                       TOTAL= (536,355,942)

 20022003200420052006
TOTAL  441,830,317632,938,465636,894,809592,187,0701,049,563,760
      

 

AVERAGA                                                                                                                                                                    GROWTH

2002    82.38
2003  118.01
2004  118.74
2005  110.41
2006  195.68
GROWTH SUM TOTAL=   625.22

 

 

 

2002    82.38 
2003  118.01
2004  118.74
2005  110.41
2006  195.68
GROWTH AVERAGA

TOTAL=

  125.044

 

 

 

 

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