Nine Prime Bank directors to buy Tk31cr worth of shares
The bank reported a solid net asset value per share of Tk40 and a net operating cash flow per share of Tk58.07, indicating healthy liquidity
Nine directors of Prime Bank PLC have announced plans to acquire shares worth about Tk31 crore from a sponsor, who intends to sell just over 1 crore shares through the block market.
According to a disclosure filed with the Dhaka Stock Exchange on 14 June, Mohammad Nader Khan plans to offload 1.01 crore shares from his holdings in the bank. At the current market price, the stake is valued at approximately Tk30.84 crore, and the transaction is scheduled to be completed through the block market within the next 30 working days.
Following the disclosure, the bank's nine directors announced on Wednesday (17 June) that they would acquire the shares being sold by Nader Khan.
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Among the individual directors, Nafis Sikder will purchase the largest allocation of 12 lakh shares. Azam J Chowdhury will acquire 9.90 lakh shares, while Qazi Sirajul Islam, Md Shahadat Hossain, SM Tamzid and Tanvir A Chowdhury will each purchase around 9.7 lakh shares.
Among the corporate directors, MJL Bangladesh will acquire the largest portion with 19.46 lakh shares. EC Holdings will purchase 11.60 lakh shares, while Uniglory Cycle Industries will buy 9.78 lakh shares.
This reshuffle among the sponsors and directors comes at a time when the bank is enjoying a period of significant financial growth and stability.
Prime Bank recently reported a robust financial performance for the 2025 calendar year, posting a consolidated net profit of Tk910 crore. This represents a 24% increase from the Tk732 crore recorded in the previous year, reflecting the bank's improved operational efficiency and successful lending strategies. Consequently, the bank's earnings per share (EPS) rose to Tk7.84 in 2025 from Tk6.31 a year earlier.
The bank's balance sheet remains one of the strongest in the country's banking sector, with total assets reaching Tk64,890 crore as of December 2025. Its capital adequacy is also noteworthy, with a Capital to Risk-Weighted Assets Ratio (CRAR) of 18.07%, a figure that stands as one of the highest in Bangladesh.
Additionally, the bank reported a solid net asset value per share of Tk40 and a net operating cash flow per share of Tk58.07, indicating healthy liquidity.
To reward its investors for this record performance, the bank's board approved a 30% dividend for 2025 - comprising 25% cash and 5% stock - which was officially approved by shareholders at the Annual General Meeting held on 21 May.
