Report on Prime Bank Limited

Islamic Mode of Operation

Prime Bank has started its Islami Banking operation through its first Branch being inaugurated at 19, Dilkusha C/A, Dhaka on 18 December 1995. Since then it has so far has established four more branches at different locations in the Country. Following are the salient features of Islamic Banking, as is practiced in Prime Bank Limited:

01.	All activities are conducted according to Islamic Shariah.
02.	Interest free monetary operations.
03.	Building partnership relation between the Bank and its customers.
04.	Following Islamic principles in its investment portfolio.
05.	While investing special consideration to social needs is given.
06.	Through small and long term deposit schemes providing hope to the poor income group of the society.
07.	Client service centric banking, through which making the clients feel special.
08.	Conduct welfare activates etc.

Service Portfolio

Prime Bank provides following services under Islami Banking:

	Deposit
	Investment
	Foreign Trade
	Remittance and Fund Transfer

Loan Scheme

We have formulated the following Loan Schemes

	General Loan Scheme		Consumer Credit Scheme
	Lease Finance		Consumer Credit Scheme
	House Building / Apartment Loan Scheme		Advance against Share
	Small and Medium Enterprise (SME)

Management

M. Shahjahan Bhuiyan Managing Director

Nasiruddin Ahmed

Deputy Managing Director

Mahbubul Alam

Deputy Managing Director

M. Shahidul Islam
Executive Vice President Corporate Credit Operation & Corporate Marketing

Md. Mukhter Hossain

Executive Vice President

Md. Mehmood Husain

Executive Vice President

Manash Kumar Ghosh

Executive Vice President
Board Secretary

S M Mainuddin Chowdhury

Executive Vice President Information Technology

Ahmed Kamal Khan Chowdhury

Executive Vice President
Financial Administration

Investments

Base year – 2001

TOTAL= (1,730,739,491)

	2002	2003	2004	2005	2006
Government Securities	1,880,000,000	2,550,000,000	2,590,000,000	3,240,000,000	5,201,365,969
Government Bonds	51,233,000	83,114,400	382,210,900	582,669,100	2,472,334,330
Other Investments	65,000,000	116,595,000	111,601,500	116,825,959	170,682,648
TOTAL=	1,996,233,000	2,749,709,400	3,083,812,400	3,939,495,059	7,844,382,947

AVERAGA GROWTH

2002	115.34
2003	158.87
2004	178.18
2005	227.62
2006	453.24
GROWTH SUM TOTAL=	1133.25

2002	115.34
2003	158.87
2004	178.18
2005	227.62
2006	453.24
GROWTH AVERAGA TOTAL=	226.65

Deposits and Other accounts

Base year – 2001

TOTAL= (13,109,873,402)

	2002	2003	2004	2005	2006
TOTAL	16,172,287,880	21,092,349,361	28,069,242,60	36,022,455,081	54,724,080,584

AVERAGA GROWTH

2002	123.36
2003	160.89
2004	214.11
2005	274.77
2006	417.43
GROWTH SUM TOTAL=	1190.56

2002	123.36
2003	160.89
2004	214.11
2005	274.77
2006	417.43
GROWTH AVERAGA TOTAL=	238.112

Loans and advances

Base year – 2001

TOTAL= (9,074,941,476)

	2002	2003	2004	2005	2006
TOTAL	12,686,845,330	16,492,224,405	23,219,673,305	31,916,112,508	45,010,218,048

AVERAGA GROWTH

2002	139.80
2003	181.73
2004	255.87
2005	351.69
2006	495.98
GROWTH SUM TOTAL=	1425.07

2002	139.80
2003	181.73
2004	255.87
2005	351.69
2006	495.98
GROWTH AVERAGA TOTAL=	285.014

Income

Base year – 2001

TOTAL= (756,087,753)

	2002	2003	2004	2005	2006
Total operating income	1,196,200,990	1,592,214,991	1,970,365,485	2,406,430,811	3,232,036,163
Total operating income	448,356,365	590,804,544	824,227,141	886,089,649	1,101,072,827
TOTAL=	747,844,625	1,001,410,447	1,146,138,344	1,520,341,162	2,130,963,336