The New Nation - Internet Edition

Business Desk

Prime Bank Limited opened its 58th branch on 10th December 2007 on Ring Road, Dhaka. Azam J Chowdhury, Chairman, Board of Directors, formally opened the branch as the chief guest. M Shahjahan Bhuiyan, Managing Director of the bank, presided over the inauguration ceremony.

Inaugurating branch, the chairman of the bank said that Prime Bank opened this branch as a part of the program of extending its quality banking services to every corner of the country. He emphasized that a country like Bangladesh could only prosper when its economic activities would flourish everywhere. "Prime Bank has been expanding its branches network to contribute in the economic development of the country", added Azam J Chowdhury.

Apart from commercial banking operation, Prime Bank Limited, through its foundation, is simultaneously playing a pivotal role in the society as part of its corporate social responsibility. A portion of the profit of the bank is donated for the uplift of underprivileged people of the country. With that view, Prime Bank has introduced different short and long term programs such as Education Support Program (ESP) to support poor and meritorious students and Eye Cataract Operation for treatment of the poor free of cost. Managing Director, M. Shahjahan Bhuiyan in his speech said that Prime Bank believed in the economic emancipation of general mass of the country and in view thereof had introduced several customized solutions for their welfare. People of all tiers of the society could avail these products and services particularly the small investors under SME category.

He requested the august gathering present on the occasion to avail the banking services from the branch to improve their condition and to stabilise the society. The managing director said, "Continuous support of the stakeholders has encouraged the board and the management of the bank to take prudent decisions which has tremendously contributed towards its present envious position in the banking industry. The bank is based on 'sound fundamentals' and this has helped the bank to earn "AA" rating which is unique among the local banks".

M. Shahjahan Bhuiyan further said that Prime Bank had achieved the first position in the Banking category of ICAB National Award-2006 for best published accounts and reports. "The bank has been maintaining its top position for last consecutive three years. This award in itself is the testimony of the bank's sound financials, transparency and compliance of national and international accounting standard," concluded Shahjahan Bhuiyan.

Mohammad Aminul Haque, Chairman, Executive Committee, former Director Dr. R. A. Gani and Firoja Amin, Deputy Managing Directors of the bank Mahbubul Alam and R.Q. M Forkan, Head of the Branch, Jahan Ara Begum, and a large number of local elites, clients and businessmen were present on the occasion.