The New Nation - Internet Edition

Prime Finance and Investment signed a Custody Depository Participant agreement with Central Depository Bangladesh Limited. As a result, Prime Finance has become eligible to operate investors' custody accounts as well as clearing accounts of stock brokers and stock dealers. Md. Akter Hossain Sannamat FCA, FCS, Managing Director of Prime Finance, and Mohammed Habibus Samad FeA, Managing Director and CEO of Central Depository Bangladesh Limited, signed the agreement on behalf of their respective organizations.

Among others, AKM Nozmul Haque, Consultant, Md. Ahsan Kabir Khan, Senior Vice President, Moin Al Kashem, Senior Vice President, Md. Rezaul Haque, Vice President of Prime Finance and Investment Limited and Ms. Feroza Ahmed, Executive, Legal affairs of CDBL were also present in the occasion.

Prime Finance and Investment Limited, one of the leading financial institutions licensed by Bangladesh Bank under the Financial Institution Act" 1993, has been operating in the country with a special focus on capital market operation. Prime Finance is also a full-fledged merchant bank licensed by Securities and Exchange Commission. Being a leading merchant bank, Prime Finance has been offering issue management, underwriting, portfolio management and financial advisory services. Prime Finance has been operating in Bangladesh since 1996. Its core competencies cover lease finance, term finance, real estate finance, public issue of shares, portfolio management, margin loan, share trading etc. Recently the company has launched 'Prime Finance Housing Deposit Scheme', a monthly deposit scheme for different periods, which is designed to assist people with limited income to purchase their own dwelling place through a guaranteed financing facility.