Prime Bank to give 17.5pc dividends for 2023

Prime Bank board recommended 17.50 per cent cash dividends to its shareholders for the year 2023.
The board of directors of the bank adopted its annual audited financial statements at the meeting held on Monday and decided the dividend payment in line with its commitment to sustainable financial performance and to shareholders.
According to the audited financial statements for the year 2023, earnings per share (EPS) stood at Tk 4.24, increased from Tk 3.53 the year before.
The net asset value (NAV) per share stood at Tk 30.76 for 2023, up from Tk 28.41 for 2022, and the net operating cash flow per share (NOCFPS) was Tk 10.09, which was Tk 0.23 in the negative a year ago.
The annual general meeting (AGM) will be held on May 30, while the record date is May 7.
The dividend amount will be distributed to all eligible shareholders based on the record date and is subject to the approval of the shareholders at the upcoming AGM.