Prime Bank to strengthen stock market

FE Desk | Published: December 26, 2018 23:24:53

Prime Bank Investment Limited (PBIL) has planned to bring the NRB investment in the capital market of Bangladesh.
"Initially, we are working to encourage the NRB investors of North America, UK and Singapore to invest in the capital market of Bangladesh. In future it will be expanded to different parts of the world," Managing Director & CEO of the PBIL Dr. Md. Tabarak Hossain Bhuiyan said while addressing a social evening in honour of journalists and bankers at RAOWA Convention Center in the city recently.
Mr. Tabarak discussed about the present and future action plans of PBIL in brief. He added that along with portfolio management activities, PBIL works as Issue Manager and Underwriter. Recently, PBIL has been working as a lead arranger for several commercial banks to issue bonds, according to a statement.
He said PBIL is now stepping forward to work just as the investment banks of the developed nations by providing different services like Merger & Acquisition, Syndication Financing, Valuation, Management Consultancy, Corporate Advisory etc.
To successfully provide these services, PBIL has already taken necessary steps to develop its human resource and research related works. Meanwhile, few employees have already received foreign training and they are now providing training to the rest of the employees on regular basis.
"Apart from the ongoing activities, PBIL is now focusing on capacity building to keep pace with the investment banks of the developed countries in future," he added.