Prime Bank to pay 20pc dividends for 2024

Prime Bank has announced 20 per cent annual dividends for its shareholders for 2024.

The board of directors of the bank approved its audited financial statements at a meeting on Thursday and recommended the dividend-- 17.5 per cent in cash and 2.5 per cent in stock.

The bank posted a 54 per cent year-on-year growth in the net profit after tax last year. Earnings per share stood at Tk. 6.58 in 2024, increased from Tk. 4.27 the year before.

Net Asset Value (NAV) per share and Net Operating Cash Flow (NOCFPS) per share were recorded at Tk. 34.27 and TK. 3.06 respectively.

Prime Bank's Capital to Risk Weighted Assets Ratio (CRAR) is 17.37 per cent, one of the highest in the banking industry.

Annual General Meeting (AGM) will be held on May 05 this year, while the record date is April 10.