Premier Bank logs Tk 1,024cr profit

Premier Bank Limited's operating profit rose 20 per cent year-on-year to Tk 1,024 crore in 2022. The profit was Tk 852 crore in the previous year.

HBM Iqbal, chairman of Premier Bank, disclosed it at the bank's "Business Conference 2023" at the Renaissance Gulshan yesterday, said a press release.

"I believe if the success continues, it will positively impact our position in the banking industry in 2023."

"In our 23 years of prosperity, Premier Bank has continued to strive for excellence in modern and digital banking services empowered by the trust and love of our valued customers and stakeholders," Iqbal added.

M Reazul Karim, managing director and CEO, said despite a very challenging year for the entire global economy, Bangladesh has grown to become the 35th largest economy in the world as per the latest report by the International Monetary Fund.

"The launch of Padma Bridge has had a significant impact on small and medium enterprises of the country, benefits of which will be realised this year."

Moin Iqbal, vice chairman of the bank, virtually attended the event.

BH Haroon, Abdus Salam Murshedy, M Imran Iqbal, Jamal G Ahmed, Nahyan Haroon, directors of the bank, Kaisar A Choudhury, an independent director, and Muhammed Ali, adviser, were also present.