Economic Reporter :
Premier Bank showed 13% growth in operating profit during the year 2015, even amidst a prolonged sluggish investment climate.
The bank was one of the best performers last year as it adopted a good business strategy to beat the competitive market, said a senior executive of the bank.
The bank made the operating profit of Tk205.74 crore in 2015 compared to Tk181.79 crore in the previous year, according to the source.
All private banks made a slim profit during the year as they failed to do traditional business by disbursing loan at a higher interest rate, said a senior executive of Bangladesh Bank.
Most banks invested their money in government bills and bond from which return was very limited, he said. But some banks did well amidst these difficulties by adopting a set of new business strategies, he said.
The loan growth of Premier Bank was 30% in the just-concluded year when its deposit growth was 20%, added the source.
The bank also performed well in managing default loan which was the main challenge in the banking sector. The default loan rate came down to 3.82% in the year 2015 from 9% in 2014.
The remittance inflow through Premier Bank posted 81% growth last year. The bank ended the year with 23% import growth and 35% export growth.
Premier Bank showed 13% growth in operating profit during the year 2015, even amidst a prolonged sluggish investment climate.
The bank was one of the best performers last year as it adopted a good business strategy to beat the competitive market, said a senior executive of the bank.
The bank made the operating profit of Tk205.74 crore in 2015 compared to Tk181.79 crore in the previous year, according to the source.
All private banks made a slim profit during the year as they failed to do traditional business by disbursing loan at a higher interest rate, said a senior executive of Bangladesh Bank.
Most banks invested their money in government bills and bond from which return was very limited, he said. But some banks did well amidst these difficulties by adopting a set of new business strategies, he said.
The loan growth of Premier Bank was 30% in the just-concluded year when its deposit growth was 20%, added the source.
The bank also performed well in managing default loan which was the main challenge in the banking sector. The default loan rate came down to 3.82% in the year 2015 from 9% in 2014.
The remittance inflow through Premier Bank posted 81% growth last year. The bank ended the year with 23% import growth and 35% export growth.
