An Appraisal of Prime Bank Ltd.

Abstract

Bank is a financial intermediary accepting deposits and granting loans. Bank offers a widest mene of services of any financial institution . Prime bank limited is the preferred choice in banking for friendly and personalized services, tailored solutions of for business needs, global reach in trade and commerce and high yield on investment, assuring excellence of banking services. Prime bank ltd . Being a banking company has been registered under the companies act 1913 with its regi stered office at 5, Rajuk Avenue, Motijheel commercial area. Dhaka 1000. later it was shifted to adamjee court annex building, 119-120, motijheel commercial area, dhaka-l 000. prime bank ltd . Was established on 17th april 1995 with an authorized cap ital ofTk.1 000 million and paid up capital oftk.l 00 million (raised to tk.700 million in 2003) by a group of highly successful entrepreneurs from various 1ields of economic activities such as shipping, oil. finance, garments, textiles and insurance etc. it is a full licensed scheduled commercial bank set up in the private sector in pursuance of the policy of the government to liberalize banking and financial services. The bank operates as a scheduled bank under banking license issued by bangladesh bank. the central bank of the country on april 17, 1995 through opening of its motijheel branch at adamjee co urt annex buildin g, motijheel commercial area, Dhaka-l 000. The bank made satisfactory progress over the years after its starting. Despite difficult circumstances it became able to sustai n wi th some ach ievements. The bank further expected and consolidated its cListomer base in both of its core business and retail banking.