Prime Bank PLC (প্রাইম ব্যাংক পিএলসি) is a top-tier second generation local commercial bank in Bangladesh. It was established in 1995. Headquartered in the heart of Dhaka’s bustling financial hub Gulshan Avenue, the Bank’s operational footprint is spread all over the country with 147 branches and 153 ATMs at 140 locations of Bangladesh. It was incorporated under the Companies Act of 1994.
Prime Bank PLC (প্রাইম ব্যাংক পিএলসি) is best known for its expertise in Corporate and Institutional Banking and its innovative Digital Banking services. Global Finance, a North America based leading financial publication has recognized Prime Bank PLC as the Best Bank in Bangladesh in 2020. Prime Bank PLC has also been awarded as the Best Digital Bank in Bangladesh in 2020 by Asiamoney, another global financial publication. In 2014, Prime Bank PLC initiated a ‘Business Model Restructuring and Centralization’ project to bring more coherence in its banking practices while re-engineering its business processes to enhance resource efficiency.
See also:
❏ Banks in Bangladesh
Prime Bank PLC at a glance: | |
| Bank Name | Prime Bank PLC (প্রাইম ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 1995 |
| Type | Private Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| No. of Branches | 147 |
| No. of SME Branches | 17 |
| No. of ATM Booths | 153 |
| No. of Employees | 3200 |
| Authorized Capital | Tk. 25,000.00 million |
| Paid up Capital | Tk. 11,605.91 million |
| Face Value per Share | Tk. 10 |
| Subsidiary Company | – Prime Bank Investment Limited – Prime Bank Securities Limited – PBL Exchange (UK) Limited – Prime Exchange Co. Pte (Singapore) Limited – PBL Finance (Hong Kong) Limited – Prime Bank Foundation |
| Address | Prime Bank PLC, Head Office: Simpletree Anarkali, Holding No: 89, Plot No: 03, Block: CWS(A), Gulshan Avenue, Gulshan, Dhaka-1212, Bangladesh |
| Call Center | 16218 (Local) and or +88 09610016218 or +88 09612316218 (Overseas) |
| Telephone | +880 (2)55068721-23 (PABX) |
| FAX | +880 2 9567230, 9560977, 9566215, 9560960 |
| Bank Code | 170 |
| SWIFT Code | PRBLBDDH |
| Stock Code | PRIMEBANK – DSE CSE |
| info@primebank.com.bd | |
| Website | www.primebank.com.bd |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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Overview of Prime Bank PLC:
Prime Bank PLC (প্রাইম ব্যাংক পিএলসি) is a leading private commercial bank in Bangladesh, established in 1995. Headquartered in Dhaka, the bank offers a wide range of financial services, including corporate, consumer, MSME, and sustainable banking. As of recent reports, Prime Bank operates 146 branches and 170 ATMs across the country, serving over 1 million customers with a workforce exceeding 3,200 employees. Prime Bank PLC continues to play a significant role in enhancing financial inclusion and supporting economic development in Bangladesh through its diversified services and innovative initiatives.
The bank’s history is marked by a series of progressive steps to modernize its services. Initially, Prime Bank focused on traditional banking, offering savings and current accounts, as well as loans and advances. However, as the banking sector evolved, so did Prime Bank, embracing technological innovations like online banking, mobile banking, and digital payment systems. The bank has continuously updated its infrastructure, ensuring that it stays ahead in a competitive industry. Today, Prime Bank is known for its robust financial solutions and commitment to quality customer service.
Prime Bank offers a broad spectrum of banking services, catering to both individuals and businesses. For individual customers, the bank provides traditional savings and current accounts, fixed deposits, and various types of loans, including personal loans, home loans, and car loans. It also offers credit card facilities, enabling easy access to financial services for customers with varied needs. For businesses, Prime Bank provides a range of services such as trade finance, working capital finance, and SME (Small and Medium Enterprise) financing. The bank plays a crucial role in facilitating domestic and international trade by offering services like letter of credit (LC), foreign exchange, and remittance services.
In addition to these services, Prime Bank has made significant strides in enhancing its corporate social responsibility (CSR) initiatives. The bank is actively involved in supporting education, healthcare, and community development projects. It has also been focused on sustainable banking practices, aligning with global standards for environmental and social governance (ESG).
Throughout its history, Prime Bank has received numerous accolades for its performance and contributions to the banking sector. Its commitment to excellence and customer satisfaction has made it one of the most trusted banks in Bangladesh. With a strong financial foundation, a customer-oriented approach, and a constant focus on innovation, Prime Bank continues to play a pivotal role in the growth of Bangladesh’s banking industry.
History of Prime Bank PLC:
Prime Bank PLC (প্রাইম ব্যাংক পিএলসি) a private sector commercial bank incorporated in Bangladesh under the Companies Act, 1994 and commencement of business started on 17th April, 1995 with an authorized capital of Tk. 1,000 million divided into 10 million ordinary shares of Tk. 100 each. The bank is registered with the Securities and Exchange Commission and its shares are traded at the Dhaka and Chittagong Stock Exchanges.
Prime Bank PLC is known for its customer-centric services, innovative banking solutions, and strong financial performance; it plays a vital role in the country’s banking sector. Prime Bank PLC continues to drive economic growth by supporting businesses and individuals with modern banking facilities.
The management of the bank is vested in a 12-member board of directors with the managing director as the chief executive. The registered head office of the bank is at Dhaka. Prime Bank offers all kinds of commercial, corporate and personal banking services covering all segments of society within the framework of Banking Company Act and rules and regulations laid down by the central bank. Diversification of products and services include Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture, and real state to software. It provides Islamic banking through seventy branches. Prime Bank PLC has introduced One Stop Utility Services Scheme which is designed to provide all the required services to the customer in making payment of their utility bills on their behalf from the counter of the Bank.
The bank has consistently turned over good returns on Assets and Capital. Prime Bank PLC, since its beginning has attached more importance in technology integration. In order to retain competitive edge, investment in technology is always a top agenda and under constant focus. Keeping the network within a reasonable limit, bank’s strategy is to serve the customers through capacity building across multi delivery channels. The Bank has set up a Wide Area Network (WAN) across the country to provide Online branch banking facility to its valued clients. Prime Bank PLC is one of the first few Bangladeshi Banks who have become member of SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) in 1999 and opened up possibilities for uninterrupted connectivity with over 5,700 user institutions in 150 countries around the world.
Prime Bank obtained Principal Membership of Master-Card International in the month of May 1999 and launched Master Card-Credit Card which created a new dimension in its customer service and consumer financing. The special feature of the Prime Bank Master Card is that its bears the card holder’s photo on the card, which is the first of its kind in Bangladesh and adds security against misuse. Prime Bank issues few types of cards like Gold Local & International and Silver Local & International. Local cards can be used in Bangladesh only.
Prime Bank established its fully-owned subsidiary ‘Prime Exchange Co. Pte. Ltd’ to offer remittance services to Bangladeshi nationals in Singapore, which started its operation from 8th July, 2006, under remittance license received from Monetary Authority of Singapore (MAS) and approval of Bangladesh Bank. The Exchange Company is located at Serangoon area near Mustafa Centre, where Bangladeshi nationals congregate during weekends for social interaction and money remittance services. Subsidies of Prime Bank PLC as below:
– Prime Bank Investment Limited
– Prime Bank Securities Limited
– PBL Exchange (UK) Limited
– Prime Exchange Co. Pte. (Singapore) Limited
– PBL Finance (Hong Kong) Limited
– Prime Bank Foundation
Services Offered by Prime Bank PLC:
Prime Bank PLC, established in 1995, is a leading private commercial bank in Bangladesh, offering a comprehensive range of financial services to individuals, businesses, and institutions. With its headquarters in Dhaka, the bank operates 146 branches and 170 ATMs across the country. Here’s a general overview of services offered by Prime Bank PLC:
1. Retail Banking
- Accounts: Savings, Current, Fixed Deposit, and Term Deposit accounts.
- Cards: Visa and Mastercard Debit and Credit Cards.
- Digital Banking: Internet Banking (PIB), Mobile Banking via the Prime Bank App, and SMS Banking.
- Locker Services: Safe deposit lockers for securing valuables.
- Prepaid Cards: Ideal for gifts, travel, or for individuals without bank accounts.
2. Corporate & Institutional Banking
- Lending Solutions: Working Capital Loans, Term Loans, and Project Financing.
- Trade Finance: Letters of Credit (LCs), Bank Guarantees, and Export-Import Services.
- Cash Management: Tailored solutions for efficient fund management.
- Offshore Banking: Services through units located in Dhaka EPZ, Chittagong EPZ, and Adamjee EPZ.
3. SME & MSME Banking
- Financing Options: Loans for small and medium enterprises, including women entrepreneurs.
- Trade Services: Support for business expansion and working capital needs.
4. Islamic Banking (Shari’ah-compliant)
- Accounts: Mudaraba Savings, Current, and Term Deposit accounts.
- Investment Products: Shari’ah-compliant financing options.
- Trade Finance: Islamic trade services adhering to Shari’ah principles.
5. Agricultural Banking
- Financial Support: Loans and services tailored for the agricultural sector, supporting farmers and agribusinesses.
6. Non-Resident Bangladeshi (NRB) Banking
- Accounts & Services: Specialized accounts and remittance services for NRBs.
- Investment Opportunities: Access to various investment products.
7. Digital Banking & Technology
- Mobile App: The Prime Bank App offers account management, fund transfers, and bill payments.
- Internet Banking: Comprehensive online banking services for individuals and businesses.
- SMS Alerts: Real-time transaction notifications and account updates.
8. Investment & Capital Market Services
- Prime Bank Investment Limited: Offers equity and debt capital raising, corporate advisory, and portfolio management services.
- Prime Bank Securities Limited: Provides brokerage services and investment solutions.
9. Remittance Services
- Inbound & Outbound Remittances: Secure and efficient money transfer services.
- Partnerships: Collaborations with global remittance providers like Western Union and MoneyGram.
10. Special Services
- Safe Deposit Boxes: Secure storage for important documents and valuables.
- Direct Deposit: Automatic deposit of salaries and government payments.
- Additional Services: Night Depository, Cashier’s Checks, Notary Services, Medallion Signature Guarantee, and Wire Transfers.
Prime Bank PLC, established in 1995, is a leading private commercial bank in Bangladesh. It offers a wide range of services including retail banking, corporate banking, SME financing, Islamic banking, and digital banking solutions. With strong customer focus and innovation, it plays a vital role in the country’s financial sector.
Contact
Prime Bank PLC, Head Office: Simpletree Anarkali, Holding No: 89, Plot No: 03, Block: CWS(A), Gulshan Avenue, Gulshan, Dhaka-1212, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16218 (Local) and or +88 09610016218 or +88 09612316218 (Overseas)
Telephone: +880 (2)55068721-23 (PABX)
FAX: +880 2 9567230, 9560977, 9566215, 9560960
Bank Code: 170
SWIFT Code: PRBLBDDH
Email: info@primebank.com.bd; contactcenter@primebank.com.bd
Website: www.primebank.com.bd
