Prime Bank's profit jumps 45pc in Q3

Prime Bank posted a 45 per cent growth in profit after tax to Tk 5.1 billion in the third quarter (Q3) through September.

The board of directors of the bank adopted its Q3 un-audited financial statements at a board meeting on Monday, according to a press release.
Earnings per share for Q3 this year stood at Tk 4.51, up from Tk 3.10 for the corresponding period last year.
Net asset value per share and net operating cash flow per share were recorded as Tk 33.68 and Tk 2.30 respectively in Q3, which was Tk 29.91 and Tk. 4.27 in the same period last year.
The bank's total assets were worth Tk. 532.15 billion at the end of September, while loans and advances were Tk. 323.89 billion. Prime Bank's capital to risk weighted assets ratio stood at 18.26 per cent, one of the highest in the banking industry.