Premier Bank's pre-audit operating profit stands at Tk 400.90m
Premier Bank Limited made a Tk 400.90 million pre-audit operating profit in 2003.This was told at the annual managers' conference of the bank held in Dhaka on Thursday, says a press release. HBM Iqbal, chairman of the bank, inaugurated the conference. The bank's deposit rose to Tk 10,031.80 million at the end of the year 2003 as against Tk 5,374.10 million in 2002, registering an increase of 86.67 per cent while credit portfolio shot up to Tk 8,095.60 million as on December 31, 2003 from Tk 4,280.20 million in 2002, showing 89.14 per cent increase. The bank also achieved success in reducing the percentage of non-performing loans to 0.35 per cent in the year 2003. The credit deposit ratio was 80.70 per cent reflecting strong liquidity. Sponsor directors of the bank, advisor, managing director, deputy managing directors and other officials participated in the conference.
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