Premier Bank enjoys deposit, credit growth bonanza in FY16

Staff Correspondent | Published: 23:57, Oct 25,2016

 
 

Premier Bank chairman HBM Iqbal, managing director Khondker Fazle Rashid, additional managing director M Reazul Karim and directors Abdus Salam Murshedy and BH Haroon are seen, among others, at the 17th anniversary celebration of the bank at the bank’s head office in Dhaka on Tuesday. — New Age photo

Bank’s top brasses say on 17th anniversary

Premier Bank achieved the highest deposit and credit growth among the country’s scheduled banks in the fiscal year of 2015-16 due to its innovative marketing plan, said Premier Bank managing director Khondker Fazle Rashid at a press conference on the occasion of its 17th anniversary at the bank’s head office in Dhaka.
The bank registered a deposit growth of 28.22 per cent in FY16 while its credit growth stood at 32.34 per cent, he said.
Rashid said that the bank would disburse loans at the range between Tk 10,000 and Tk 5 lakh to 1000 marginal clients without taking any collateral to promote their entrepreneurship.
‘The bank achieved AA+ credit rating in 2015. Only two banks in the country achieved the attractive rating in last year,’ he said.
He said that the defaulted loans in the bank had recently decreased to below five per cent and that indicated that the financial health of the institution was very sound.
The bank has already issued chip-based credit cards to its clients to make their transactions secured, he said.
Premier Bank chairman HBM Iqbal said that the bank had started its journey on October 26, 1999 with only 17 officials.
‘The bank later set up four branches and appointed 70 officials. But, the number of branches of the bank now stands at 100 and more than 1,500 staff are working,’ he said.
Iqbal said that the bank had recently formed ‘Premier Bank Foundation’ to do something benevolence.
Twenty per cent of the Premier Group’s profit will be transferred to the foundation and the fund will be spent for the society’s welfare, he said.
Premier Bank director Abdus Salam Murshedy said that the bank would become one of the top financial institutions in the country within the next five years.
Premier Bank additional managing director M Reazul Karim, director BH Haroon and the bank’s adviser Md Ehsan Khasru also spoke, among others, at the press conference. 

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images