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Jagannath University MBA Program (3rd Batch) Department of Accounting & Information Systems

Internship Report on: Overall Banking Systems of Prime Bank limited

Performed at Motijheel Branch Submitted by: Name : Sonjit Roy Roll No. : 094680 Section : C Session : 2008-2009 Submitted to: MD. Abdul Mannan Lecturer, Department of Accounting & Information Systems, Jagannath University, Dhaka

Date of Submission : December 05, 2012

LETTER OF TRANSMITTAL August 21, 2011 To Dr. Shakhawat Hossain Department of Accounting & Information Systems, Jagannath University, Dhaka. Subject: Submission of Internship Report on Prime Bank Limited. Dear Sir, It is my pleasure that I have the opportunity to submit my Internship Report on General Banking of Prime Bank Limited for the requirement of Master of Business Administration (MBA) degree.
I was assigned to work at Motijheel branch from September 10,2012 to December 102012, where I have observed closely and studied different practical aspects of the banking institute. I would like to say that it has been a great experience for me to work in the private commercial bank, PBL, which enlarged my practical knowledge in banking sector prevailing in Bangladesh. I tried my level best to put meticulous effort for the preparation of this report. Any shortcomings or flaws may arise as I am very much novice in this aspect. It would be pleasure for me, if this report can serve its purposes and I will be available to explain your quires if you feel necessary.

Sincerely yours,

(Sonjit Roy) MBA 3rd Batch Roll No: 094680

Acknowledgement
First of all I would like to express my gratitude to omnipotent and almighty Allah, whose invisible guidance helped me to complete this report. Although, time was very limited for getting the sufficient knowledge about all of banking service, but the short experience that I gathered as an internee, in Prime Bank Limited at Motijheel Branch is an asset for me for the rest of my life. I would like to take the opportunity to express my deep sense of gratitude to my distinguished supervisor, Mr. Shakawot Hossain (Lecturer, Business Administration, University of Liberal Arts Bangladesh) for his invaluable suggestions and guidance in preparing this report successfully. I am highly thankful to all of the employees of Motijheel Branch of Prime Bank Limited for their support that helped me to prepare this report. All of them are very frank and helpful. Besides I have special appreciation towards the following resource person for helping me:

Mr. Nasim Sekendar, EVP & Branch In-charge. Mr. Md. Mahiuddin Ahmed, SVP & Operation Manager. Mr. Md. Yusuf Ali, SAVP-GB. Ms. Dorothy Sultana, SAVP (Compliance) Mr. Md. Tajul Islam, SEO. Ms. Maksuda Alam, EO, (ATM). Mr. Atanu Chakraborty, EO (Online/IT). Ms. Affifa Begum, Senior Officer, (Remittance). Mr. Md. Mostafizur Rahman, Officer, (BSP). Mr. Md Ehasanul Alam Sadi, Officer, (BSP). Ms. Ashrafun Nessa, Officer, (A/C Opening). Ms. Sampa Debnath, Officer, (A/C Openning).

Finally, I want to express my deepest gratitude to my parents and other family members and also remember my friends whose enormous helps assist me to complete my report.

CHAPTER: 01 INTRODUCTION This report is an outcome of the internship program under the BBA program requirement in the Prime Bank Limited. During my internship in the organization I have gathered different information which was necessary for preparing this report.

This report is written on the Borrowers Perception on Prime Bank Limited.

In chapter 1, I have introduced the topic, along with the objective of the report, which was mainly understand how to gain real life exposure in the banking sector and to get a clear idea about Borrowers Perception. I have also mentioned the method followed to gather the information and the sources of data.

The company profile is stated in the chapter 2. It includes the background of the bank, with principle activities, management and branchs hierarchy, branch network, ratio analysis of the Prime Bank Limited and their competitors AB Bank Limited, SWOT analysis and Loan calculator of Prime Bank Limited.

Chapter 3 starts with findings in different situations about Borrowers Perception on Prime Bank Limited. In this chapter all the survey questions are graphically presented. Chapter 4 draws summary of this report. I have included my observation, some loop wholes and Prime Bank and the effects of these. Then I have tried to draw out some solution to those problems and some recommendation.
Finally chapter 5 has the tables and graphs and other information in the appendix that might be needed for the better understanding of the report. A borrower is a person or institution who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms. Borrowers perception is so much importan t for any bank because if they know the perception level of their borrowers then they can do all the loan able works easily. Thats why in this report I have tried to explain and highlight this issue precisel

Chapter 2 Company Profile


1. About Prime Bank In the backdrop of economic liberalization and financial sector reforms, a group of highly successful local entrepreneurs conceived an idea of floating a commercial bank with different outlook. For them, it was competence, excellence and consistent delivery of reliable service with superior value products.

Accordingly, Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. As the banking scenario undergoes changes so is the bank and it repositions itself in the changed market condition. Prime Bank has already made significant progress within a very short period of its existence. The bank has been graded as a top class bank in the country through internationally accepted CAMELS rating. The bank has already occupied an enviable position among its competitors after achieving success in all areas of business operation. Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society within the framework of Banking Company Act and rules and regulations laid down by our central bank. Diversification of products and services include Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture, and real state to software. Prime Bank, since its beginning has attached more importance in technology integration. In order to retain competitive edge, investment in technology is always a top agenda and under constant focus. Keeping the network within a reasonable limit, our strategy is to serve the customers through capacity building across multi-delivery channels. Our past performance gives an indication of our strength. We are better placed and poised to take our customers through fast changing times and enable them compete more effectively in the market they operate.

Vision

To be the best Private Commercial Bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidity.

Mission

To build Prime Bank Limited into an efficient, market-driven, customer focused institution with good corporate governance structure. Continuous improvement of our business policies, procedure and efficiency through integration of technology at all levels.
Corporate Philosophy

For our Customers To provide the most courteous and efficient service in every aspect of its business. To be innovative in the development of new banking products and services. For our Employees

By promoting their well-being through attractive remuneration and fringe benefits. By promoting good staff morale through proper staff training and development, and provision of opportunities for career development. For our Shareholders By forging ahead and consolidating its position as a stable and progressive financial institution. By generating profits and fair return on their investment. For our Community By assuming our role as a socially responsible corporate citizen in a tangible manner By adhering closely to national policies and objectives thereby contributing towards the progress of the nation. By upholding ethical values and best practices. Constantly seeking to improve performance by aligning our goals with stakeholders expectations because we value them.
Our Efforts are Focused

On delivery of quality services in all areas of banking activities with the aim to add increased value to shareholders investment and offer highest possible benefits to our customers.

Corporate Milestones
Year Date 05.02.1995 12.02.1995 12.02.1995 20.02.1995 08.04.1995 17.04.1995 17.04.1995 18.12.1995 29.08.1999 09.09.1999 22.09.1999 15.11.1999 27.03.2000 29.03.2000 29.03.2000 29.03.2001 17.04.2005 08.07.2006 15.03.2007 01.04.2007 11.03.2008 01.08.2009 02.08.2010 03.08.2010 04.08.2010 22.02.2011 13.12.2011 Milestones Memorandum and Articles of Association signed by the sponsors Incorporation of the company Certificate of commencement of Business License issued by Bangladesh Bank License issued for opening the first branch, Motijheel Formal launching of the Bank Commencement of Business from Motijheel Branch Commencement of Islamic Banking Business from IBB, Dilkusha Initial Public offering - Publication of Prospectus Initial Public offering - Subscription Opened Initial Public offering - Subscription closed Listed with Chittagong Stock Exchange Limited Listed with Dhaka Stock Exchange Limited Trading of Shares in Dhaka Stock Exchange Limited Trading of Shares in Chittagong Stock Exchange Limited Registered Merchant Banker with SEC Completion of 10 years of service Introduction of Prime Exchange Co. Pte. Ltd. (Subsidiary of Prime Bank Limited) Opening of First Off-shore Banking Unit at DEPZ , Savar, Dhaka Introducing of Temonous as Core Banking Software T24 Launching of ATM Launching of Internet Banking Introducing of PBL Exchange UK Limited - London Branch Introducing of PBL Exchange UK Limited - Birmingham Branch Introducing of PBL Exchange UK Limited - Oldham Branch Introduction of Prime Exchange Co. Pte. Ltd. (Jurong East Branch) received the 1st Prize in the ICMAB Best Corporate Award-2011 in the private banking category f received the Best Bank Award from The Institute of Chartered Accountants of Bangladesh (ICAB) on the basis of evaluation of the Presented Accounts and Annual Reports of 2011 in the Private Banking Category received the award of the Strongest Bank in the Country at the Strong Rated Bank Award 2012 opened its 125th branch at Mohadevpur, Naogaon

1995

1999

2000 2001 2005 2006 2007 2008 2009 2010

2011

2012

01.10.2012
17.11.2012

22.11.2012

Awards and Achievement

12th Bangladesh Awards DHL -The Daily Star

The BIZZ 2012 Inspirational Company Award

ICAB National Award 2010 Best Published Accounts & Reports

SAFA Award 2010 Best Published Accounts & Corporate Disclosures in Banking Sector

ICMAB Best Corporate Award 2010

International Star for Leadership in Quality (ISLQ) Award 2010 Business Initiative Directions (B.I.D.) Paris, France

Prime Bank wins 1st Prize in 11th ICAB National Awards

SAFA Best Presented Accounts Awards 2009 Overall Winner

SAFA Best Presented Accounts and Corporate Governance Disclosures Awards 2009 Winner (Banking Sector)

10th ICAB National Award for Best Published Accounts & Reports 2009 First (Banking Sector)

SAFA Best Presented Accounts Awards 2008 Joint Winner Banking Financial Sector

SAFA Best Presented Accounts Awards 2007 Bronze Award Banking Sector

SAFA Best Presented Accounts Awards 3rd Position

10th ICAB National Award for Best Published Accounts & Reports 2009 Winner (Private Sector) Corporate Governance Disclosure Awards

ICMAB Best Corporate Performance Award 2008 First Position (Jointly)

9th ICAB National Awards for Best Published Accounts and Reports 2008 First Prize Financial Sector Banking

FNS Award-2005 Best Performing Local Bank

ICAB National Awards - 2004 For Best Published Accounts and Reports First Prize Financial Sector (Banking)

Corporate Social Responsibilities (CSR) at a glance

The biggest CSR of Prime Bank is to establish Prime Bank Foundation to execute its corporate social responsibilities activities in a greater scale. Prime Bank Limited and Prime Bank Foundation are proud to continue CSR activities for the greater interest of countrys socio economic development: 01.Investment in Education: a. Education Support Program: Believing education as a tool for social change, Prime Bank Foundation is proud to have another year of success of its Education Support Program launched in 2007. It is a long term, renewable scholarship program for underprivileged but meritorious students from across the country. In 2009 reporting year, 198 underprivileged but meritorious students, the highest in one year since its inception, have been included to provide with financial support in the form of monthly stipends for the persuasion of their graduation/post-graduation level studies in the countrys public sector universities and colleges. With the inclusion of these students, the total number of poor but meritorious students who are the recipients of Prime Bank Foundation stipends stood at 490. b. Prime Campus: Prime Campus, an English medium school in Uttara, Dhaka, was created by Prime Bank Foundation in 2008 as an alternative to the expensive English primary schools at an affordable charge schedule. Our commitment to corporate social responsibility ensures we remain true to our heritage of integrity; maintain a long term point of view to make economically sound, environmentally responsible and socially supportive decisions. More specifically, we maintain an unwavering commitment to honesty, integrity and fairness in all our CSR practices; show compassion by becoming involved with and supporting local and national communities; and consistently act in a manner that fosters our stewardship and sustainability. 02.Work with Handicap Population Investment in eradicating and preventing different disabilities such as drug addicts, blindness etc; setting up vocational training centers; undertake mass awareness raising campaigns etc. 03.Dristy Daan Project Setting a target of sight restoration of 1200 poor/ultra poor citizens of the country, the Prime Bank Foundation started off the Dristy Daan project in 2007. A total of 1357 poor/ultra poor cataract patients were operated till date. 04.Health Care Support setting up state-of-the-art hospital like Vellore CMC Health Care, Universal Health Care Centers; Eye Hospitals; Health Support to garment workers; more preventive activities; infant, child feeding and breastfeeding; support to facilities providing treatment and care of non-communicable diseases such as heart, and diabetes; activities related to prevention of maternal mortality and morbidities; setting up trauma centers etc. 05.Health Management

Developing SOPs; improving supervision; leadership training; nursing training; setting up accrediting body in the private sector; provide equipment to existing voluntary health facilities etc. Develop a CSR strategy of PBF, partnership support has been offered by one organization. The bank has extended finance for establishing countrywide health centers and a teachers training college under the supervision and implementation of Diabetes Association of Bangladesh. The bank has also provided financial support to an innovative, non-conventional yet a useful and much needed socio-medical project, popularly known as, "healthline" (accessible by dialing "789" from any mobile phone under Grameen Phone network) by Telemedicine Reference Center Limited (TRCL), the only registered telehealth and electronic health service provider in Bangladesh. The banks finance was made available for upgrading of existing project as well as set up offshore health line call centers for Bangladeshi workers based in Kingdom of Saudi Arabia and the United Arab Emirates. The bank also financed TRCL to launch an Intensive Diabetes Management (IDM) services program in Bangladesh under its brand name "amcare". 06.Environment Activities related to the prevention of environment degradation and promotion of environment; support people living in the coastal and char areas; carbon trading etc. Another important undertaking by the bank also merits mentioning, which involves financing of a geo-textiles manufacturing project. Geo-textiles products are being used in ample quantity in construction of bridge and approach road, and building protection for riverbank, coastal, and embankment. Bangladesh being a riverine country is always in need of geo-textiles products, and implementation of such an import-substitute product manufacturing facility would definitely help the country to save drainage of foreign exchanges. 07.Support to Martyr Family The loss of lives in the BDR carnage shocked the entire nation. Prime Bank came forward to support the Martyr families and donated Tk 2.5 million to Prime Ministers Relief Fund. PBL also took responsibility to support two such families @ Tk 0.48 million per year for ten years starting from 2009. 08.Games & Sports The Bank participated in major sponsorship programs in the area of sports viz. Golf, Tennis to popularize the same among the public; Financial assistance was provided to Bangladesh Cricket Control Board for development of the game. 09.Other CSR activities of the Bank Donations of Passenger cum bed lift to Sylhet Diabetic Association Hospital.

Sponsoring 20 KVA Diesel Generator for Department of Development Studies, Dhaka University Construction of Shahbag Foot Over Bridge Awareness Campaign at the three international airports of the country against swine flu. Improvement of Porter and Luggage Handling Services at the Kamalapur Railway Station, Dhaka. Blankets and winter-clothes distribution among the winter distressed people of the society. 2. Corporate Governance:
Corporate governance is the system by which companies are directed and controlled. It involves regulatory and market mechanisms, and the roles and relationships between a companys management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade creditors, suppliers, customers and communities affected by the corporation's activities. Internal stakeholders are the board of directors, executives, and other employees. Board of Directors A board needs sufficient relevant skills and understanding to review and challenge management performance. It also needs adequate size and appropriate levels of independence and commitment. Prime Bank board of directors consists of: Chairman Vice Chairman Vice Chairman Managing Director Director Director Director Director Director Director Director Director Director Director Director Director Director Md. Shirajul Islam Mollah Mizanur Rahman Bhuiyan M. A. Khaleque Md. Ehsan Khasru Nasim Anwar Hossain Nazma Haque Marina Yasmin Chowdhury Quazi Sirazul Islam Salma Huq Khandker Mohammad Khaled Mafiz A. Bhuiyan Muslima Shirin Imran Khan Md. Shahadat Hossain Md. Nader Khan Tanjil Chowdhury Prof. Mohammed Aslam Bhuiyan

Director Director Director

Nafis Sikder Manzur Murshed Prof. Ainun Nishat, Ph.D

Integrity should be a fundamental requirement in choosing corporate officers and board members. Organizations should develop a code of conduct for their directors and executives that promotes ethical and responsible decision making. Executive Committee: Its executive committee consists of seven members from the board of directors which is led by Mafiz A. Bhuiyan. The members of executive committee are:

Chairman Vice Chairman Member Member Member Member Member

Mafiz A. Bhuiyan Tanjil Chowdhury Quazi Sirazul Islam Salma Huq Muslima Shirin Nasim Anwar Hossain Imran Khan

Audit Committee: Its audit committee consists of five members from the board of directors which is led by Prof. Ainun Nishat, Ph.D. The members of audit committee are:

Chairman Member Member Member Member

Prof. Ainun Nishat, Ph.D M. A. Khaleque Nazma Haque Prof. Mohammed Aslam Bhuiyan Khandker Mohammad Khaled

Management: Its management consists of seven members from the board of directors which is led by Managing Director Md. Ehsan Khasru.
Managing Director Additional Managing Director Deputy Managing Director Deputy Managing Director Deputy Managing Director Deputy Managing Director Md. Ehsan Khasru Md. Reazul Karim Muhammad Yasin Ali Ahmed Kamal Khan Chowdhury Md. Tabarak Hossain Bhuiyan Quazi A. S. M. Anisul Kabir

Deputy Managing Director

Kanti Kumar Saha

Subsidiary company of PBL: PBL has seven subsidiary companys. They are:
Prime Exchange Co. Pte Ltd PBL Exchange (UK) Limited Prime Bank Investment Limited PBL Finance (Hong Kong) Limited Prime Bank Securities Limited Prime Bank Foundation

Management Hierarchy:

Source: Head office of Prime Bank Limited

General Banking 1. Retail banking 1. A. Deposits

1. A. 1.Savings Account: Prime Bank brings the ultimate trust, security and convenience in Savings Account.
Any Bangladeshi national with an age of 18 years or above can open this. Customer Benefit: Cheque-book facility Opportunity to apply for - safe deposit locker facility Utility payment service Collect foreign remittance in both T.C. and Taka draft. Transfer of fund from one branch to another by Demand Draft Mail Transfer Telegraphic Transfer Transfer of fund on Standing Instruction Arrangement Collection of cheques through clearing house SMS Banking Online banking service Prime Bank Branded ATM card

Documents required:

Completed account opening form. Passport size photograph for each account holder. Proof of identification such as national/voter's ID, passport or driving license. 1. A.2. Current Account: Prime Bank brings you the ultimate trust, security and convenience in Current Account in Taka which can be freely deposited and withdrawn. At the time of opening, this account is also accompanied by a Special Notice Deposit (SND) account. Customer Benefit: Cheque-book facility Opportunity to apply for - safe deposit locker facility Collect foreign remittance in both T.C. & Taka draft. Transfer of fund from one branch to another by Demand Draft Mail Transfer Telegraphic Transfer Transfer of fund on Standing Instruction Arrangement Collection of cheques through Clearing House. SMS Banking Online banking service Prime Bank Branded ATM card

Documents required:

Completed account opening form.

Passport size photograph for each account holder. Proof of identification such as national/voter's ID, passport or driving license. 1. A.3. Deposit Schemes: Double Benefit Deposit Scheme Monthly Benefit Deposit Scheme House Building Deposit Scheme Education Savings Scheme Lakhopati Deposit Scheme Prime Millionaire Scheme Contributory Savings Scheme Laksma Puron Savings Scheme Account 150%

Its wide range of UNIQUE deposit scheme products are the perfect combination of liquidity and returns. 1. A.4. Deposit Rates: Sl 01. Particulars Special Notice Deposit (For Customer) a) Below Tk. 1.00 crore b) Tk. 1.00 crore and above but below Tk. 25.00 crore c) Tk. 25.00 crore and above but below Tk. 50.00 crore d) Tk. 50.00 crore and above but below Tk. 100.00 crore e) Tk. 100.00 crore and above 02. 03. Savings Deposit Fixed Deposit A) 1 (One) month a) Below Tk.50.00 lac b) Tk.50.00 lac and above but below Tk.1.00 crore c) Tk.1.00 crore and above but below Tk.3.00 crore d) Tk.3.00 crore and above 7.00% 12.50% 12.50% 12.50% 3.00% 5.50% 5.50% 8.00% 11.00% 5.50% Rate of Interest

B) 3 (Three) months a) Below Tk.1.00 crore b) Tk.1.00 crore and above but below Tk.3.00 crore c) Tk.3.00 crore and above C) 6 (Six) months a) Below Tk.1.00 crore b) Tk.1.00 crore and above but below Tk.3.00 crore c) Tk.3.00 crore and above D) 1 (One) year & above a) Below Tk.1.00 crore b) Tk.1.00 crore and above but below Tk.3.00 crore c) Tk.3.00 crore and above 1. B. Loans: 1. B.1. Swapnaneer Home Loan: In reality, home is no more a living place to us; it's our dream! Swapnaneer will enable you to turn your dream into reality. You can avail the loan with competitive rates, most convenient features and easily-avail procedures. Your satisfaction is our priority throughout the full tenure of loan from beginning to repayment. Key Features: Criteria to be eligible: Age: at least 25 years Professional Experience: Construction of own building /home Purchase of flat/building Loan amount maximum 1 crore Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly/quarterly reducing balance Loan tenure - maximum 25 years Apartments under construction is also considered 03-18 months grace period Partial or early settlement conveniently 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50%

Security:

Salaried: Permanently employed at least for 02 years Self employed: Professional experience or business establishment for at least 2 years Minimum Monthly Income: Salaried and Self-employed : BDT 30,000

Mortgage and original title deed Signed TPA (Tri Partite Agreement) Irrevocable General Power of Attorney (IGPA) Customer protective insurance coverage Property insurance covering fire, earthquake, flood & cyclone

1. B.2. Car Loan: Your personal or family tours and travels or any kind of daily movements starts with the necessity of owning a car! Owning a personal car is no longer a luxury but a matter of fulfilling a necessity. Our car loan will allow you to indulge your tours and travels needs with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 20,000 Self Employed: BDT 40,000 Security: Hypothecation over the car 1. B.3. Any Purpose Loan: Worried of matching personal miscellaneous financial/family requirements? Our Any Purpose Loan will enable you to meet all your needs. You can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Loan amount maximum 10 lac Purchasing brand new/ reconditioned personal vehicle. Loan amount maximum 20 lac Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure - maximum 06 years Partial or early settlement facilities

Criteria to be eligible:

Highest 10 times of monthly income Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure - maximum 5 years Convenient partial or early settlement

Age: At least 23 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to Prime Bank Undated cheque 1. B.4. Marriage Loan: Thinking of the cost of wedding? Our Marriage Loan will enable you to indulge your long-cherished priorities and expenditures of your wedding. You can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 1 year by a well-reputed organization including at least 6 months with present employer Self employed: Professional exercise for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Wedding cost Loan maximum 03 lac Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure - maximum 3 years Convenient partial or early settlement

Personal guarantee of the borrower/s One personal guarantee acceptable to Prime Bank Post-dated cheque 1. B.4. Doctor's Loan: Doctor's Loan will enable the doctor to convert his or her dream into reality. The person can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional exercise for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to PRIME BANK Post-dated cheque 1. B.5. CNG Conversion Loan: CNG Conversion Loan helps one to convert his or her personal vehicle to CNG. One can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Loan amount maximum 01 lac Competitive interest rates on a monthly reducing balance Loan tenure - maximum 1.5 years Convenient partial or early settlement Furnishing Doctor's chamber Loan amount maximum 10 lac Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure - maximum 5 years Convenient partial or early settlement

Age: At least 21 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional experience or business establishment for at least 4 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000

Security: Personal guarantee of the borrower/s One personal guarantee acceptable to Prime Bank Undated cheque 1. B.6. Travel Loan: Travel Loan may enable one to convert his or her dream to travel abroad into reality. The person can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional exercise for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to PRIME BANK Post-dated cheque 1. B.7. Household Durables Loan: Household Durables Loan will enable one to buy his or her desired products. One can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 21 years Professional Experience: Salaried: permanently Employed for at least 1 year by a well-reputed organization including at least 6 months with present employer Self employed: Professional exercise for at least 3 years (with adequate proof) To buy furniture/home appliances/household durables Loan amount maximum 05 lac Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly/quarterly reducing balance Loan tenure - maximum 5 years Convenient partial or early settlement Travel on abroad Loan amount maximum 02 lac Competitive interest rates on a monthly reducing balance Loan tenure -maximum 3 years Convenient partial or early settlement

Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to Prime Bank Post-dated cheque 1. B.8. Education Loan: Education Loan enables parents/guardians/students for those who want to fulfill their dreams. One can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to Prime Bank Post-dated cheque 1. B.9. Hospitalization Loan: Hospitalization Loan will enable one to pay the hospitalization/medical treatment cost. One can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be eligible: Meet up hospitalization cost Loan amount 05 lac Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure - 2 years Partial or early settlement facilities Processing Fees 1% of loan amount Loan amount maximum 05 lac Income of guardian, spouse, parents and siblings if any are considered Competitive interest rates on a monthly/quarterly reducing balance Loan tenure - maximum 4 years Convenient partial or early settlement

Age: At least 25 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) Minimum Monthly Income: Salaried: BDT 10,000 Self Employed: BDT 25,000 Security: Personal guarantee of the borrower/s One personal guarantee acceptable to PRIME BANK Post-dated cheque 1. B.10 Loan against Salary: Worried about matching personal miscellaneous financial/family requirements from your salary? Loan Against Salary of Prime Bank Ltd. will enable you to meet all your needs. You can avail the loan with competitive rates, convenient features and simple procedures. Key Features: Criteria to be Eligible: Age: At least 21 years Professional Experience: Salaried: permanently Employed for at least 2 years by a well-reputed organization including at least 6 months with present employer Security: Post Dated Cheques based on loan tenor. Employer Certificate incorporating to pay the monthly installments by deducting salary of the concerned applicant. 1. C. Credit Cards: 1. C.1. MasterCard Gold Credit Card: Prime Bank offers wide range of card products of MasterCard brand as per client requirements to enliven his or her lifestyle. Local Card Limit > BDT 50,000 -< BDT 500,000 Key Features: No Hidden Charge Loan up to 3 lac Highest 6/8 times of monthly income Income of spouse, parents and siblings if any are considered Competitive interest rates on a monthly reducing balance Loan tenure of up to 3 years Convenient partial or early settlement

Immediate Cash Advance Highest Grace period Auto debit facility E-Statements SMS Alert Service (Push & Pull services) Free Supplementary Card Wide range network of POS acceptance and privilege Card cheque Real-time Transaction and VIP Transaction Monitoring Exclusive cardholder loyality program.

Eligibility
Particulars TIN Age Minimum Income Criteria TIN is mandatory Basic Card Supplementary Card Salaried Group 21 years to 70 years 18 years to 70 years Tk. 10,000/-

Business/Service Tenure

Self Employed Tk. 10,000/- (income should be Group validated) Salaried Group Minimum 6 months Self Group Employed Minimum 1 year

List of documents: Documents required with application form: Salaried Group Two copies Color Photograph (P.P. Size) duly attested by the applicant Salary Certificate (if Salaried) Current six months Bank Statement (personal & Co. if any and not more than two months old) TIN Certificate (only personal TIN) Photocopy of Passport (1st Seven pages & dollar endorsement pages) Proof of Residence (Electricity/WASA/ Gas Bill, if any) Proof of Car ownership (Photocopy of Blue Book of the car, if any) Proof of T&T ownership (Photocopy of T&T Bill, if any) Self-employed Group Two copies Color Photograph (P.P. Size) duly attested by the applicant Valid Trade License (if Proprietor) Partnership Deed (if partnership) Memorandum of Articles with Incorporation Certificate (for Ltd. Co.) Current six months Bank Statement (personal & Co. if any and not more than two months old)

TIN Certificate (only personal TIN) Rent Agreement should be on govt. revenue stamp paper. Latest (no more than two years old) IT 88 acknowledged by ITO Photocopy of Passport (1st Seven pages & dollar endorsement pages) Proof of Residence (Electricity/WASA/Gas Bill, if any) Proof of Car ownership (Photocopy of Blue Book of the car, if any) Proof of T&T ownership (Photocopy of T&T Bill, if any

1. C.1. MasterCard Silver Credit Card: This card incorporates all the features of the Master Card Gold Credit Card except that this cards credit limit is less than BDT 25000.00. 1. C.2. Prime Bank International Credit Card: International Cards:

About TQ (Travel Quota) Card: You have the opportunity to be privileged while selecting a Prime Bank TQ Card. We offer both MasterCard and VISA TQ Card with a bundle of value added services for you. A Travel Quota Credit Card is issued against the entitlement of foreign Currency Quota allotted as per Bangladesh Bank guidelines. It has been designed to give you more liquidity in terms of USD currency. Limit: A cardholder can be entitled for total $6500 limit for one calendar year ($5000 for Non SAARC Countries & $1500 for SAARC countries + Myanmar).

Eligibility Nationality: Bangladeshi Age: For Basic Card - 21 years to 70 years Supplementary Card - 18 years to 70 years

Minimum Income Salaried Group - BDT 20,000/Self Employed Group - BDT 30,000/- (income should be validated) Business/Service Tenure Salaried Group - Minimum 6 months Self Employed Group - Minimum 1 year TIN is mandatory

About RFCD (Resident Foreign Currency Deposit) Card


RFCD Card gives you more access to your money according to your inevitable needs. Prime Bank provides you a flexi credit limit against your Foreign Currency A/C balance. Limit: Cardholders limit will be fixed against balance of the A/C. Eligibility: Pre-conditions of RFCD A/C with sufficient balance.

About RQ (Retention Quota) Card


RQ is the most privileged Credit Card. A RQ Card is issued against the balance of ERQ (Exporter's Retention Quota) A/C. Limit: $5000 - $25,000. Eligibility: Maintaining an ERQ A/C. Benefits of Prime Bank International Credit Cards No transaction fee for purchases Roaming cell phone bill payment facility Strong fraud monitoring system Credit limit revolving facility against remaining travel quota (TQ Card) Flexible credit limit according to RFCD A/C balance (RFCD Card) Real-time transaction monitoring with VIP transaction monitoring to render undisrupted facility Immediate cash advance up to 20% from any MasterCard/VISA participating member bank ATMs throughout the world Accepted at 30 million merchant outlets internationally and 1.4 million ATMs for cash withdrawals Facility of making purchase and withdrawal in local currency 2 (Two) years validity period 24/7 Prime Bank Card Center access to give you service regarding your queries

1. C.3. VISA Gold Credit Card:

Local Card Limit > BDT 50,000 -< BDT 500,000 1. C.4. VISA Classic Credit Card: Local Card Limit < BDT 50,000 Taka

1. C.5. Platinum Credit Card: Platinum Treats that Make You VIP! Greater Financial Support: The world is now in the grip of your hand as with PBL Platinum Credit Card all you need is your wish to enjoy yourself. Enjoy maximum collateral free credit limit of Tk. 500,000 /- or USD 6,500/- & collateralized limit of Tk. 2,000,000/- or USD 25,000/-. Unparallel benefits of Prime World Platinum Credit Card Platinum Treats: Greater Financial Support Exclusive Complementary Gifts Loyalty Rewards: Shop n Win: Premium: Tk. 100,000 [Match all 6 digits of transaction code with DOB (dd/mm/yy)] Royal: i-Phone/Galaxy Tab ( yyyy ) Gold: Notebook/Vehicle Tracking System (V.T.S) ( yyy ) Shop n Earn: Get rewarded (Tk.100=1 point, $1=1 point, 5 Points = Tk.1) Free Access at Balaka VIP lounge Free Priority Pass Membership Priority Customer service Year End A/C Summary Exclusive Privileges: Platinum Privileges for Lifestyle Expenditure to perk up at Hotels, Restaurants etc. 10% discount on food items (except any beverage) at The Bithika Restaurant buffets of Ruposhi Bangla Hotel Complementary Eye Check Coupon of PBL Eye Hospital Complementary Apollo Master Health Check*

* Conditions apply Peace of Mind: 1.D Debit Cards:

24/7 Ambulance service at Apollo Hospitals* Square - Prime Platinum Complementary Health Check package * Subsidized Square - Prime Platinum Health Check up packages Complementary 24/7 Ambulance service coupon of Popular Diagnostics Center Subsidized Health Check up packages at Popular Diagnostics Center Priority service facility in diagnosis at Popular Diagnostics Center Skip Minimum Payment Promotion (occasional) Auto line increase (As per Bank Policy) Renewal fee waiver based on the no. of transactions (Debit & Credit 20 transactions) Priority Banking Opportunity

Triple Benefit Insurance Facility Emergency Card Replacement Fraud Monitoring System (GMON) Real-time Transaction & VIP Transaction Monitoring 24/7 Concierge Customer Service

1.D.1. Master Debit Card: Master the power of money with us! Withdrawal or shopping was no easier and convenient ever before! Prime Bank offers you Master Debit Card; the fast, secure and convenient way to withdraw cash and convenient transactions at different MasterCard branded POS terminals. If you are a SD/CD/STD account holder of Prime Bank, you can avail this debit card and can master over 1300 ATMs all over Bangladesh and can get privilege in the MasterCard branded POS or MasterCard branded network. Key Features: Cash Withdrawal You can enjoy free-of-cost cash withdrawal facility from any Prime Banks ATM booth and all DBBL booths. You can also withdraw cash from any MasterCard branded ATM booths of other banks. Transaction at MasterCard Branded POS No fee to use our card to make purchases; so enjoy purchases over millions of MasterCard Branded merchant outlets for shopping, dining and living in Bangladesh. Balance Enquiry Master debit card offers you free Balance Enquiry facility at any ATM booth of Prime Bank and DBBL. Mini Statement

Enjoy the free Mini Statement printing facility at any ATM booths of Prime Bank and DBBL. It allows you to print the mini statement of your last 10 transactions and the current balance. Transaction Limit You can conduct up to five transactions in a day. Daily Spending Limit: Our debit card allows you the following spending limit-- ATM: up to Tk. 50,000.00 - POS: up to Tk. 1, 00,000.00 PIN Change You can change the PIN number of your debit card freely at any ATM booths of Prime Bank and DBBL. How to Apply: Collect the Master Debit card application form from any branch of Prime Bank. Fill up the account details. Read the instructions properly before signing. The application form must be signed by the account holder. Submit the form to your respective branch offices. Prime Bank will provide you password and debit card.

Fees and Charges

Features

Fees and Charges


Prime Bank ATM DBBL ATM Other MasterCard Branded ATM

Issuing Charge (Only for the first time) Annual Service Charge Card Replacement Charge PIN Replacement Charge Cash withdrawal Fee Balance Enquiry Fee Unsuccessful transaction

Tk. 500 + 15% VAT Tk. 500 + 15% VAT Tk. 300 + 15% VAT Tk. 200 + 15% VAT Free Free Free

Free Free Free

Tk. 150 per transaction Tk. 30 per transaction Tk. 30 per transaction

1. D.2. Prime ATM Card: Now you can access to your money 24/7 more easily and conveniently through our widespread network of ATMs in Bangladesh. Our ATMs have user-friendly screens and easy to follow instructions in both Bangla and English languages.

The facilities available at Prime Bank ATMs include: Issuance of ATM Card at the time of opening personal account Cash withdrawal facility from All Prime Bank's ATMs and DBBL ATM Booths. Cash withdrawal option allows you to withdraw money by inserting a certain amount within BDT 100.00 to BDT 30,000.00. Fast Cash option facilitates you to withdraw money of prefixed amounts. Cash withdrawal facility per day is BDT 100.00 to BDT 30,000.00. Cash withdrawal facility per transaction is BDT 100.00 to BDT 20,000.00 Maximum five transactions in a day Free balance enquiry with printing facility Free PIN Change of your ATM card Free mini statement printing which displays your last 10 transactions and the current balance At Prime Bank's ATMs, we accept other banks MasterCard credit/debit card and VISA credit/debit card. No charge is applicable on Prime Bank's customers for transacting through DBBL ATM booths. 1. E. Locker Service Prime Bank offers you modern locker facility for safekeeping of your valuables, jewellery, documents and other precious things to you. Features of Locker Service Sizes and Rents Small Size: Tk. 2500 / Year Medium Size: Tk. 3000 / Year Large Size: Tk. 3500 / Year 1. F. Internet Banking: Altitude Features of ALTITUDE Real-time Fund Transfer Between Own Accounts Of Prime Bank Limited Real-time Fund Transfer To Third Party Beneficiary Accounts Of Prime Bank Limited Fastest Inter Bank Fund Transfer through BEFTN (Any Bank, Any Branch) Credit Card Bill Payment Secure and confidential service Wide availability of the locker service Available in three sizes i.e. small, medium and large Auto debited facility for your locker rental charges. Nomination facility is available for the lessee of locker service.

Real-time Balance Enquiry Real-time FDR & Deposit Scheme Information Real-time Loan Information Real-time Transaction Search, from the creation of the account Real-time Statement Download, from the creation of the account

Charges for using the service

A fee of Tk.200 with 15% VAT shall be charged annually as Account maintenance fee. This is to be noted that the management has right to modify charges at any time. If any modification takes place, the Customers will be informed immediately through ALTITUDE website.
1. G. Phone Banking Service Benefits: Balance Enquiry: Customer will get account balance information. Change TIN: Customer can change their TIN (Telephone Identification Number). Activate ATM/Master Card: Customer can activate ATM/Master Debit card by dialing the service contact number. Block ATM/Master Card: Customer can block ATM/ Master Debit card by dialing the service contact number. Credit Card Available Limit: Credit Card user can get current available limit. Credit Card Total Outstanding: Credit Card user can know credit card total outstanding bill amount. Credit Card Minimum Payable Amount: Credit Card user can know minimum payable amount of last bill amount. Credit Card Last Statement Generation Date: Credit Card user can know last statement generation date. Credit Card Last Date of Payment: Credit Card user can know last date of payment for recent bill amount. Service Accessibility: All account holders of Prime Bank or holding a Prime Bank Debit Card and Credit Card can get this service. To access this service customer must fill up the Phone Banking Application Form and must acknowledge the Terms & Conditions for the service. Charges and Fees: Tk. 100 + VAT as a service charge per year 1. H. Utility Bills Pay Service

Our Utility Bills Pay service will enable you to pay post-paid cellphone bills flexibly. You can avail the service at Prime Bank ATM booths or Information Kiosks round the clock. You need no to visit branches and bother standing in a queue not even need to carry cash to clear the bills. Who can avail the service Prime Bank ATM/Master Debit Card holders. The Services are Benefits Utility Bills Pay Service provides 24/7 support and has the following features: Card holder can make payments anytime at any Prime Bank ATM Booth conveniently. Customer will receive auto-generated advice slip after the bills are paid It is secured and you will be needed the ATM Card and the relevant PIN to access the facility. Charges, fees on customers Free of charge 1. I. SMS Banking Prime Bank brings SMS Banking services to ensure instant access to your account information at any time. Any mobile phone user having account of Prime Bank can get the service through the mobile phone upon registration. What we offer in SMS Banking Balance Enquiry Mini Statement Exchange Rate PIN Change Requesting Help Grameen post-paid cellphone bills only ROBI post-paid cellphone bills only Banglalink post-paid cellphone bills only Airtel post-paid cellphone bills only

How to Use the Service To get any SMS Banking service, please follow these steps: Example: If your PIN is 1234, then for

With a very short time you will get a message with the requested information. 1. J. Mobile Banking What is EasyCash? EasyCash, Prime Bank Mobile Banking Service, is a secured mobile financial service to access cash easily and conveniently using mobile phone technology. EasyCash can be accessed from anywhere at any time including remote rural areas of the country. The EasyCash Account model of Prime Bank works on the fundamental principle of giving everyone an access to a bank account and adding value to lifestyle of customers irrespective of social strata in Bangladesh. What are the services provided by EasyCash Account? You can have easy access to the below mentioned services: 1. At EasyCash available outlets Cash Deposit

Cash Withdrawal 2. From your mobile handset anywhere anytime 3. Other Services Salary Disbursement Government subsidies and many more Where to get EasyCash Service? You can get this service from your nearest location as Prime Bank Branch EasyCash Agent Point What do you need to open an EasyCash Account? To avail this service interested person just need to fill-up EasyCash Account Opening Form and need to have below mentioned papers. Mobile phone with connection Attested photocopy of National ID Card/ Driving License/Passport Two copy of Passport Size Photograph of the applicant One copy of Passport Size photograph of Nominee How the service will be provided? After opening an EasyCash Account a you will be requested through a SMS to call or download the software in your handset. You will set a secret number (PIN) by your own and must not share with anyone else. Customer can change the secret number as for his/her wishes You may enjoy the service using your mobile set and your secret PIN Is EasyCash Account Safe? All the transactions have two-factor authentication (mobile number and the secret number). As secret number is known only you no one else can initiate any transaction using mobile handset. 1. k. Prime Cash Prime Bank Ltd. and Dipon Consultancy Services jointly brings a banking service, a Biometric Smart Card based alternate banking service in the brand name Prime Cash for the un-banked rural and urban people to address banking needs and payment needs of the broader Bangladesh Fund Transfer Utility Bill Payment Merchant Payment Inward Foreign Remittance Disbursement Balance Inquiry Mini Statement

community. Most importantly, it will provide a fast, safe and simple mechanism for the unbanked men/women across Bangladesh in all municipalities and upazilas. What is Prime Cash? Prime Cash is a Biometric Smart Card where your thumb impression will work as authentication code. PRIME CASH: It's Simple... No more complicated mobile phone menus; No SMS, PIN numbers or cryptic codes to remember. Your fingerprint and Prime Cash Card is all you need to authenticate with the system. Working with your electronic money can get no simpler! PRIME CASH: It's Fast... Swiping the card and authenticating you with your fingerprint everything is integrated into a single machine unit. Its a snap to operate your account from this single point-of-service. Its like your mini-bank counter at every corner in your locality. PRIME CASH: It's Secured... Mobile phones can get stolen or lost; SIM cards can be cheated; but, with Prime Cash Card, where your very own hand is your authentication element, theres nothing more secured! Your money is kept in accounts under the best banking institution. Services: Benefits: Day long banking hours (12 hours) through Prime Cash Service Point Finger Print Authentication System Countrywide Network How to Open a Prime Cash Account? Visit your nearest Prime Cash Service Point Fill up the customer opening form Enter the finger print and relevant information Successful customer enrollment with slip and SMS Account Opening Deposit Withdrawal Balance inquiry Mini Statement Local Money Transfer

Mandatory documents to open a Prime Cash Account: Photocopy of National ID Card/ Driving License/ Passport (Attested)

02 (two) passport size photographs (Attested) 01 (one) passport size photograph of Nominee (Attested by account holder) 2. Corporate Banking: 2.1. General Credit Unit (GCU) Prime Bank gives the credit facilities to finance current assets and loans to finance fixed assets in the form of Working Capital Finance, Capital Machinery Finance, and Real Estate Finance, Work order Financing/Construction Business, Import and Trade Finance. General Credit Products & Services: Short-term Finance Long-term Finance Real Estate Finance Import Finance/Trade Finance Work Order Financing/Construction Business

These products are discussed below: 2.1. A. Short-term Finance Short-term loans are used to finance inventory, account receivables or other current assets i.e. to finance the working capital requirement. Forms of short-term loan are given below: 01. Cash Credit: Cash credit account is like a current account with a limit up to which one can withdraw from the bank. Cash credit is normally sanctioned for a period of one year where a regular limit is sanctioned against goods to meet day to day expenses of business. 02. Overdraft (General) Under this, a regular limit is sanctioned to meet day to day expenses of business. This form of credit is given to the business where maintenance of stock on a regular basis is not possible. The account is adjusted by the sale proceeds or from own source of the customer. 03. Secured Overdraft When overdraft is allowed against lien of FDR or other financial instruments, it is termed as Secured Overdraft (SOD). Secured Overdraft (SOD) facility to the borrower may be allowed generally in the following ways: Overdraft- against guarantee Overdraft-against FDR in the name of borrower Overdraft- against FDR in the name of 3rd party Overdraft- against savings certificate Overdraft- against wage Earners Dev. Bond

Overdraft- against DPS 04. Bill Discounted and Purchased Prime Bank gives advances to customers by discounting or purchasing their bills of exchange. Such bills of exchange arise out of commercial transactions both in inland trade and foreign trade. Checklist

The person has to be an account holder of the bank. Client's formal request in their Letterhead. Valid Import Registration Certificate (IRC). Membership certificate from Chamber of Commerce or similar institution. Indent/Proforma Invoice: Indent: An indent stating the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter or given by the Indenter. Proforma Invoice: Proforma Invoice states the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter. Insurance cover note and money receipt along with payment advise. Duly filled in bank's application and agreement form (CF-7 Form) Duly filled in LCA Form. Duly filled in IMP Form. Duly filled in related charges documents. TIN (Tax identification no.). VAT (Value Added Tax certificate). NOC from lien bank regarding overdue bill of entry. Valid Indent Registration Certificate copy along with Bangladesh bank permission CIB report (Credit Information Bureau) Importer's address (mentioned in IRC) must be verified. Letter of Trust Receipt.

2.1. B Long-term Finance Long-term loans are used to finance equipment, real estate and other fixed assets. The forms of long-term loan are given below: 01. Lease Financing: Under lease financing we cover equipment/vehicle financing. It is a term financing repayable through lease rental in the form of equal monthly installments. Ownership of the leased out vehicle under the lease agreement covering comprehensive risks belongs to the Bank. 02. Hire Purchase: This is also given to procure equipment/vehicle. Ownership of the equipment/ vehicle to be purchased under the Hire-Purchase agreement covering comprehensive risks belongs to both

the Banker and the customer. Hire-Purchase facility is repayable by depositing equal monthly installments (including principal and interest amount). 03. Loan (General): This facility is used to meet the expenditure of civil construction and other infrastructure development. Loan (Gen) facility is repayable by depositing equal monthly installments. 04. Term Loan for NBFIs: Term loan for NBFIS is provided to enable their financing activities to others. It is given as per instruction of Bangladesh Bank circulars and at a lower interest rate based on some grading of the NBFIs. Checklist

The person has to be an account holder of the bank. Client's formal request in their Letterhead. Valid Import Registration Certificate (IRC). Membership certificate from Chamber of Commerce or similar institution. Indent/Proforma Invoice: Indent: An indent stating the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter or given by the Indenter. Proforma Invoice: Proforma Invoice states the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter. Insurance cover note and money receipt along with payment advise. Duly filled in bank's application and agreement form (CF-7 Form) Duly filled in LCA Form. Duly filled in IMP Form. Duly filled in related charges documents. TIN (Tax identification no.). VAT (Value Added Tax certificate). NOC from lien bank regarding overdue bill of entry. Valid Indent Registration Certificate copy along with Bangladesh bank permission CIB report (Credit Information Bureau) Importer's address (mentioned in IRC) must be verified. Letter of Trust Receipt. 2.1. C. Real Estate Finance 01. House Building Loan (Commercial): This form of credit facilities is allowed to individuals /groups for construction of building and completion of finishing works to be used for commercial purposes. 02. House Building Loan (Residential):

This form of credit facilities is allowed to individuals/ groups for construction of building completion of finishing works to be used for residential purposes. Checklist

and

The person has to be an account holder of the bank. Client's formal request in their Letterhead. Valid Import Registration Certificate (IRC). Membership certificate from Chamber of Commerce or similar institution. Indent/Proforma Invoice: Indent: An indent stating the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter or given by the Indenter. Proforma Invoice: Proforma Invoice states the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter. Insurance cover note and money receipt along with payment advise. Duly filled in bank's application and agreement form (CF-7 Form) Duly filled in LCA Form. Duly filled in IMP Form. Duly filled in related charges documents. TIN (Tax identification no.). VAT (Value Added Tax certificate). NOC from lien bank regarding overdue bill of entry. Valid Indent Registration Certificate copy along with Bangladesh bank permission CIB report (Credit Information Bureau) Importer's address (mentioned in IRC) must be verified. Letter of Trust Receipt. 2.1. D. Import Finance/Trade Finance 01. Letter of Credit (L/C): Importers are given this sort of facility to import different commodity items, capital machinery and any other permissible items. L/C related shipping document is kept as primary security. Cash margin and counter guarantee are obtained from the customer to secure its position. Two types of L/C facility are provided to Sight L/C- payment should be made just after receiving the documents. Deferred L/C- the beneficiary allows the importer time to pay for the documents. 02. LTR: Loan against Trust Receipt (LTR) is a fund facility provided to importer to retire L/C related shipping documents. Advance against a LTR obtained from the customer is allowed when the documents covering an import shipment are given without payment. The customer holds the goods or their sale proceeds in trust for the bank until the LTR is fully paid off. Letter of Trust Receipt is kept as primary security, which creates the banker's lien on the goods. LTR facility is adjusted from sale proceeds of Imported goods or cash from own sources of the customer within the validity. Validity of the LTR A/C vary from 30 to 180 days depends on the nature and amount of items imported or as per Bangladesh Bank guidelines.

Checklist The person has to be an account holder of the bank. Client's formal request in their Letterhead. Valid Import Registration Certificate (IRC). Membership certificate from Chamber of Commerce or similar institution. Indent/Proforma Invoice: Indent: An indent stating the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter or given by the Indenter. Proforma Invoice: Proforma Invoice states the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter. Insurance cover note and money receipt along with payment advise. Duly filled in bank's application and agreement form (CF-7 Form) Duly filled in LCA Form. Duly filled in IMP Form. Duly filled in related charges documents. TIN (Tax identification no.). VAT (Value Added Tax certificate). NOC from lien bank regarding overdue bill of entry. Valid Indent Registration Certificate copy along with Bangladesh bank permission CIB report (Credit Information Bureau) Importer's address (mentioned in IRC) must be verified. Letter of Trust Receipt.

2.1. E. Work Order Financing/Construction Business This form of credit facilities is allowed to contractors to participate in tenders under different authorities and to complete their awarded works. The following types of facilities fall under this category 01. Earnest Money - SOD (EM): Under this, bank guarantee or undertaking is issued by our bank in the form of SDR/PO on behalf of customers (mostly contractors) to enable to submit his bid in a tender invited by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank. 02. Bid Bond: Under this, bank guarantee or undertaking issued by our bank on behalf of its customers (mostly contractors) to enable to submit his bid in a tender invited by different Government/ Semi-Govt. Organizations, autonomous bodies or other organizations accepted to the Bank. 03. Performance Guarantee (PG): A performance guarantee is given after the tender or bid of a particular customer is accepted by the authority. It is a guarantee where the Bank gives an undertaking to the authority that customer will complete the job as per terms of the tender or to pay damage up to the guarantee amount.

04. Advance Payment Guarantee (APG): This facility is a kind of bank guarantee or undertaking issued by our bank on behalf of customers (mostly contractors) to enable to receive bills receivable in advance against a work awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank. This sort of Guarantee is needed, when the work involves initial cost like Advance Rent Payment regarding rental of machinery and procurement cost of raw materials etc. For issuing APG, Bank usually obtains higher cash margin and counter guarantee from the customer. 05. SOD (WO): This is a funded credit facility and is disbursed to enable the customer for execution of work orders awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank Checklist

2.2 Export Finance Unit:

The person has to be an account holder of the bank. Client's formal request in their Letterhead. Valid Import Registration Certificate (IRC). Membership certificate from Chamber of Commerce or similar institution. Indent/Proforma Invoice: Indent: An indent stating the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter or given by the Indenter. Proforma Invoice: Proforma Invoice states the description of the goods including quantity, unit price, etc. given by the Supplier/Exporter. Insurance cover note and money receipt along with payment advise. Duly filled in bank's application and agreement form (CF-7 Form) Duly filled in LCA Form. Duly filled in IMP Form. Duly filled in related charges documents. TIN (Tax identification no.). VAT (Value Added Tax certificate). NOC from lien bank regarding overdue bill of entry. Valid Indent Registration Certificate copy along with Bangladesh bank permission CIB report (Credit Information Bureau) Importer's address (mentioned in IRC) must be verified. Letter of Trust Receipt.

Prime Bank always gives priority to its export-oriented customers. To provide complete banking solutions to our export-oriented customers, we have a separate Export Finance Unit. Different export-oriented companies comprising of Textile, Spinning, Knit, Woven, Sweaters, Jute, Leather, Fisheries and Trim/Accessories

manufacturers are getting prompt banking services through our 27 AD branches, 3 OBUs and other non-AD branches under active support form Export Finance Unit, Head Office. Products and Services: Here is the list of some products we offer: Project Loan Prime Bank offers project loan to export-oriented customers for setting up new projects as well as for expansion and BMRE of an existing projects. To finance costs of building, machinery, equipments, vehicles and other fixed expenses may be the objective of project Loan. Project Loan is provided to the customers in the form of Hire Purchase, Lease Finance, Loan General etc. However we extend credit facilities for environment-friendly projects under re-finance scheme of Bangladesh Bank. Working capital We offer working capital facilities to our export-oriented customers. To meet up the working capital requirement of the customers, we usually provide a continuous limit to the customers. The mode of working capital may be as under depending on the nature and requirement of the business: Back-to-Back L/C and EDF Facility: For the export-oriented garments and leather industries against confirm and irrecoverable master L/C/firm contract of reputed buyers backed by satisfactory credit report. PC/Overdraft: For pre-shipment finance to execute export orders of the customer. L/C & LTR: For importation/procurement of raw material for all types of export-oriented customer. SOD (CI): This facility is provided to the all export-oriented customers who are eligible for receiving cash incentive claim from Bangladesh Bank. Other facilities provided to our customers include FDBP, IDBP, Bank Guarantee etc. Eligibility Criteria Potentials, experienced and successful entrepreneurs having considerable experience in this line of business.

Both direct and deemed exporters may avail our services. Collateral Collateral is taken as token security, which is, of course, relaxed for the successful business unit/group. Pricing PBL offer competitive price to our valued exports. 2.3. Lease Finance Unit: Prime Bank provides one of the most convenient long term sources of loans in the industry for acquiring capital machineries and equipments under lease financing. It is a very popular scheme whereby a customer is given the opportunity to have an exclusive right to use an asset, usually for an agreed period of time, against payment of installments. Lease Finance Products/Items: Prime Bank offers lease finance facility against the following items: Capital Machinery required for industrial units; Capital Machinery required for BMRE of the existing industrial units Medical Equipments/ Machinery for Clinics, Pathological Laboratories, hospitals etc. Elevators, Central Air Conditioners, Generators etc. Vehicles including luxury coach, bus, minibus, micro-bus trucks etc. Construction Equipments

Selection of the Lease Items: The customers have the right to decide and select machinery/equipment or vehicles, its specification and model, as well as negotiate the price with the manufacturer/supplier. Bank will purchase the item(s) in accordance with the specifications given by the customers. The price should be competitive and acceptable to the Bank. Eligibility for Availing Lease Finance: Entrepreneurs having adequate experience and expertise are eligible to apply for lease finance under the scheme. Lease Finance facility may provide 100% cost of the equipment, according to the merit of the proposal. But in most of the cases the bank ensures minimum equity participation by the customer. How to Apply? After having favorable discussion on the various aspects of the Project particularly on the terms and conditions of lease financing, a customer may formally apply in specific application form designed by the Bank. The customer is required to provide detailed information on the project

and its various aspects. After proper appraisal, if found suitable, Bank will draw terms and conditions of the lease and sanction thereafter. Lease Agreement After sanction of a proposal for lease finance, a lease agreement will have to be executed between the customer and the bank. After execution of the agreement, the bank will purchase the specified item and the customer will be under obligation to accept the equipment for the specified lease period. Fees and Charges against Lease Finance Facility Some fees and charges such as, risk fund, supervision fee, project examination fee and transfer fee are normally charged at a little percntage for offering Lease Finance facility to the customers. 2.4. Structured Finance Unit Prime Bank offers customized, friendly, and flexible financial solutions to customers and strives to ensure financing package in a cost-effective manner. Structured Finance Unit deals with project financing and covers virtually every sector of the economy with a focus on infrastructure projects, project finance, acquisition finance, securitization, and advisory services. Products & Services: Project Finance Project Finance is a long-term credit arrangement with a debtor related to the development and construction of infrastructure or a large commercial or industrial project. The technique involves mobilization of debt, equity, contingent equity, hedges and a variety of limited guarantees through a newly organized company, partnership or contractual joint venture, often referred to as Special Purpose Vehicle ("SPV"), for the purpose of building a capital intensive facility and operating a discrete business activity. Project Finance is a limited- or non-recourse transaction characterized by: Lumpy capital investment; Debt service tailored to cash flow Preponderance of credit enhancements Extensive due diligence Involvement of several parties including sovereign entity and Lengthy documentation and negotiation period

Prime Bank finances both Greenfield, existing, as well as Balancing-Modernizing-RehabilitationExpansion Program ("BMRE") projects taking three approaches: A. SOLE FINANCE

The Bank is the only financier to the project. B. CO-FINANCE The Bank collaborates and complements other lenders to complete the debt package of a project. C. SYNDICATION "Syndicated Loan"as loans extended by multiple banks where the overall credit involved exceeds an individual lenders legal lending or other limits. It is made available by a group of FIs in pre-defined proportions under the same credit facility following common loan documentation formalities. It is different from co- or, club-financing (where many banks finance a single borrower) in terms of deal origination, mechanism, documentation, disbursement, monitoring, management, etc. Essential characteristics include (i) single borrower, (ii) more than one lender, (iii) common loan & security documentation. Acquisition Finance It includes finance facilities for merger and acquisition of different business units, entities and bodies. The Bank has the ability to offer financial and advisory services for companies attempting to create synergy through Merger, Acquisitions or Consolidation. The Bank help sponsors/acquirers/targets firms in their search for right counterparties and conduct valuation of the targeted company with the objective of making the transaction profitable and adding economic values. Securitization Securitization is the financing or re-financing of income yielding assets by packaging them into a tradable form through an issue of bonds or other securities. Parties involved in securitization : Originator: the entity that wants to sell the cash flows. Trust: the legal vehicle where the cash flow are deposited completely separate from the Originator. Servicer: The entity which is responsible for collecting all cash flows which are due to the trust. Investors: The investors are the entities that subscribe to the bonds that are issued against the underlying cash flows. Advisory Structured Finance Unit sponsors/entrepreneurs: provides following advisory services for project

Reviewing preliminary/rudimentary business plan/concept note prepared by project sponsors; Conducting market review/research report for the project;

Drawing full-fledged, sound business/investment plans for the proposed project; Devising an optimal financial structure/package for the proposed project; Assisting project sponsor(s) in securing onshore and offshore finance; Joining project sponsor(s) in loan negotiation and documentation. Structuring / designing financial model(s) for project(s). Investment Criteria and Parameters: Criteria In evaluating an investment request, the project itself is looked at initially. Important criteria for lending would include following aspects, among others: commercial viability; a sound business plan; a thorough appraisal report incorporating legal, technical, marketing, financial and environmental aspects proven and established operational, financial and governance track record, experience and expertise of the sponsors; Parameters Transaction Size: Preferably not below Taka 50.0 million; Tenor: commensurate with project requirements but not exceeding 15 years including a grace period not exceeding 4 years; Debt-to-equity: Not exceeding 80:20. However, in case of syndication, Prime Banks exposure shall not exceed 50% of total debt package; Interest Rate: Either fixed or variable rate as per customers will, reflecting current market conditions; presently, capped at 13% pa; Fees and charges: most competitive in the market. Financing mode Project Loan including Term loan with amortizing, accreting, balloon, bullet, or, customized repayment schedule Lease financing repayable through monthly rentals Sale & lease back Bridge financing to assist the customer meet interim funding requirements, usually for less than six (6) months, and repayable in form of bullet shot out of the proceeds of long-term project loan Refinancing of existing liabilities Working capital finance, i.e. revolving cash credit facilities Currency of lending The Bank has ability to lend in both local and foreign currency.

Till 2009, the Bank arranged and disbursed fund in local currency. However, recently, there existed a strong demand for off-shore financing usually carrying a much lower interest rate and longer tenor, as compared to that of local currency financing, specially from the sponsors of project/companies with revenues pegged in USD/Euro, and sponsors preparing to submit bid for large power projects, i.e. capacity exceeding 100MW. In 2010, the Bank disbursed a USD 15 million project financing facility to a local uPVC manufacturing facility, and another USD 5 million to the national airline carrier under a syndicated transaction. Access to specialized fund and multilateral/development financial institutions The Bank does have an access to a USD 250 million infrastructure fund under Investment Promotion Financing Facility ("IPFF"), managed by Bangladesh Bank, and endowed jointly by the World Bank and Govt. of Bangladesh ("GoB"). The Bank can also tie up with Infrastructure Development Company (www.idcol.org), a non-bank financial institution created by GoB and International Development Association ("IDA") for arranging offshore currency project financing. Besides, the Bank has excellent working and networking relationship with FMO, DEG and other multilateral/development financial institutions for co-financing and arranging offshore finance, should a project pass the lending norms.

3. Islamic Banking:
Hasanah Deposit Products: Prime Bank started its operations in the year 1995 as 'A bank with a difference', blending its conventional banking system with that of Islamic Banking operations based on Shari'ah principles. Five of the branches of the bank provide Islamic Banking operations to serve the increasing demand of customers for Islamic products and services. Prime Bank is the pioneer in such a kind of blending (of conventional and Islamic banking) in the country which is followed by many other banks. In the year 2008, the bank has taken initiative to identify all of its Islamic banking activities by adopting a generic name of 'Hasanah' - the brand name for Islamic products and services of the bank, which has been used in the Qur'an and the Hadith several times to denote good deed, welfare, virtue, beauty spot etcetera, that expresses Prime Bank's willingness for working towards well-being of humanity through Islamic banking activities. Hasanah Deposit Products are: 3.1 Al-Wadeeah Current Account: When you deposit money in Al-Wadeeah Current Account, we invest the deposit in business but committed to return on your demand. You may withdraw all or a part of the funds deposited in this account without any restrictions.

Key Features Nominal value of deposit is guaranteed. On this account no profit will be given. Minimum account opening deposit is Tk. 5000/-. Prime Bank Branded ATM card Cheque-book facility Opportunity to apply for - safe deposit locker facility Transfer of fund from one branch to another by Demand Draft Mail Transfer Telegraphic Transfer

Documents Required Completed account opening form. Passport size photograph for each account holder. Proof of identification such as national/voters ID, passport or driving license. Al-Wadeeah Concept In Wadeeah, a bank is deemed as a keeper and trustee of funds. A person deposits funds in the bank and the bank guarantees refund of the entire amount of the deposit or any part of the outstanding amount, when the depositor demands it. Islamic banks obtain permission from such depositor to utilize his fund at its own responsibility without sharing profit or loss. The depositor, at the bank's discretion, may be rewarded with a hibah (gift) as a form of appreciation for the use of funds by the bank. The depositors have to pay government tax and other charges, if any. 3.2 Mudaraba Savings Account: Mudaraba Savings Account is a profit earning account which offers returns by investing your savings in Shariah compliant. According to Mudaraba concept, profit is to be divided as per agreement and loss is solely borne by the capital provider. In case of deposit Mudaraba, the depositor, acts as the capital supplier of the investment and the Bank as the investor/mudarib. Key Features It is a profit and loss sharing account Minimum account opening deposit is Tk. 1,000/-. Monthly interim profit directly credited into your account Salary crediting facility Prime Bank Branded ATM card Cheque-book facility Transfer of fund from one branch to another by Demand Draft Mail Transfer Telegraphic Transfer

Documents Required Completed account opening form. Passport size photograph for each account holder. Proof of identification such as national/voters ID, passport or driving license. 3.3 Mudaraba Short Notice Deposit Mudaraba Short Notice Deposit (MSND) is a profit bearing Mudaraba deposit intended for you if you are involved in business or your transactions are frequent but does follow a pattern. It enables you to operate a kind of Current Account which incurs profit. Like in other Mudaraba deposit products, you will act as the capital supplier of the investment and the Bank acts as the investor/mudarib. Key Features It is a profit and loss sharing account Frequency of deposit and withdrawal resembles Al-Wadeeah Current Account Profit is calculated on daily basis and credited on half yearly basis using the provisional rate of profit. Minimum account opening deposit is Tk. 25,000/-. 3.4 Mudaraba Term Deposit Receipt Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdrawable subject to a period of notice and not on demand. Different Tenor of MTDR Products Key Features It is a profit and loss sharing product. Term Deposit Receipts are issued against deposits Minimum account opening deposit is Tk. 1,000/- and above, upto any amount in multiples of Tk. 1000/ Profit is calculated on daily basis and credited on half yearly basis using the provisional rate of profit. Investment can be availed against MTDR. Mudaraba Term Deposit 1 month Mudaraba Term Deposit 3 months Mudaraba Term Deposit 6 months Mudaraba Term Deposit 12 months Mudaraba Term Deposit 24 months Mudaraba Term Deposit 36 months or above

3.5 Schemes: 3.5.1 Mudaraba Double Benefit Deposit Scheme (MDBDS) The Deposit shall be for an estimated period of 5.42 years (5 years & 5 months). Deposit of Tk.25,000 and multiples thereof but maximum limit of Tk.25,00,000 at a time will be acceptable under the scheme. A specially designed receipt shall be issued for the deposit under the scheme, which will not be transferable. The instrument shall be issued for 5 years term. At maturity after 5.42 years (estimated) double the amount of deposit will be paid to the depositor. Amount may be varied because profit will be calculated according to profit sharing / weightage basis, so a client needs to wait till balance becomes double of deposit. Normally no withdrawal will be allowed before maturity. But if any depositor intends to withdraw his deposit before maturity, the following rules will apply: No benefit including interest / profit shall be allowed for pre-mature encashment within one year; If the accounts/deposits are closed / en-cashed after one year of its opening, benefit shall beallowed on the deposit at normal Savings Deposit rate. The instrument will be acceptable as collateral security against any investment subject to registering lien with the issuing Branch. In case of instrument gets lost, the procedure for the issuance of a duplicate receipt will be the same as applicable in case of loss of MTDR. 3.5.2 Mudaraba Contributory Savings Scheme (MCSS) Mudaraba Contributory Savings Scheme encourages depositors to build up savings by contributing monthly installments for 5 years and receives an attractive fixed amount at a time or by a monthly pension for next 5 years. The scheme is designed to help the fixed income group to save money and build up a sizable fund with which they can go for some income-generating venture to improve the quality of their life and/or meet any future financial obligations. Key Features Minimum size of monthly installment is Tk. 500/- and multiplies of Tk. 1000/. Maximum installment size is Tk. 24,000/-. The tenor of the scheme is 5 years. Customers have two options to get the return. Either return can be availed at a time after maturity or as a monthly pension for the next 5 years according to the size of deposit. More than one account for different size of installments can be opened. Account in the name of minors can be opened. 3.5.3. Mudaraba Education Savings Scheme (MESS)

Mudaraba Education Savings Scheme allows you to save funds to meet the future educational expenses of your beloved children. Key Features Minimum account opening deposit amount is Tk. 50,000/- (Fifty thousand) and multiples thereof but maximum amount is Tk. 5,00,000/- (Five Lac) at a time. The provision of the tenor of the scheme is 5 years. Special receipt is issued for the scheme.

3.5.4. Mudaraba Hajj Savings Scheme (MHSS) Mudaraba Hajj Savings Scheme is a Shariah Compliance savings scheme that benefits you to fulfill your desire to perform the Holy Hajj comfortably within 1 to 10 years. Key Features The tenor of the scheme is 1 to 10 years. Mudaraba Hajj Savings Account can be opened in the name of the individual only. Profit is calculated on daily basis. Inter-branch transfer of the scheme is allowable. 3.5.5. Mudaraba Monthly Benefit Deposit Scheme (MMBDS) Mudaraba Monthly Benefit Deposit Scheme offers to benefit the customers who intend to meet the monthly budget of their families from the income out of their deposit. Trusts and Foundations or other associations, which award monthly scholarships / stipends to students etc. can also be benefited from this type of deposit scheme. Key Features Minimum account opening deposit amount is. Tk 100,000/- (Taka one lac) and multiples thereof, but maximum Tk. 25,00,000/- (Taka twenty-five lac). Provision for tenor is 5 years. A specially designed Receipt is issued against this deposit. 3.5.6. Mudaraba Lakhpati Deposit Scheme (MLDS) Mudaraba Lakhpati Deposit Scheme offers you an easy, safe and profitable way for your savings based upon Mudaraba concept. Key Features The tenor of the Lakhopati Deposit Scheme is 3/5/10/15 years. Monthly installment shall be Tk. 2,400.00 /Tk. 1,300.00 /Tk. 500.00/Tk. 250.00 for the tenor of 3/5/10/15 years respectively.

Terminal amount on maturity shall be Tk. 1.00 lac. You can open the Mudaraba Lakhpati Deposit Scheme in the name of minors also. 3.5.7. Mudaraba Millionaire Deposit Scheme (MMDS) Mudaraba Millionaire Deposit is a Shariah Compliance monthly deposit scheme which benefits you to get millions of money on maturity. Key Features The tenor of the scheme is 5, 7, 10 & 12 years. Your deposit will increase in one million taka (probable) on maturity. You can open more than one account. Inter-branch transfer of the scheme is allowable.

3.5.8. Mudaraba House Building Deposit Scheme (MHBDS) Now you can dream to have your own house by investing your fund in Hasanahs Mudaraba House Building Deposit Scheme. It is a comprehensive and fully Shariah Compliance home deposit scheme based on Mudaraba concept. Key Features The tenor of the Mudaraba House Building Deposit Scheme is 5/7/10 years. Equity building amount is Tk. 10 lac/ 20 lac. Account in the name of minors can be opened. A person can open more than one account but Mudaraba House Building Investment facility shall be on one account only. You can get home investment financing from Bank after the maturity of the scheme. 3.5.9. Mudaraba 150% Deposit Scheme Deposit will be estimated 1.5 times of the initial deposit. However, amount may vary because profit will be calculated according to profit sharing/ weightage basis. So clients may close the account with the existing actual profit earned so far after the tenure or may wait till balance becomes 1.5 times of deposit. The tenure of the investment period will be 3 years and 5 months. Weightage of this product may be fixed to 1.01. Provisional profit may be 12.59% per annum. However, profit is variable and to be calculated according to profit sharing / weightage basis. Minimum deposit amount BDT. 10,000.00. Any amount in multiple of BDT. 10,000.00 will be allowed to invest in the scheme.

Any amount equivalent to 1 crore or more will be provided special incentives such as free Platinum card, internet banking facilities, free ATM Card etc. 3.5.10. Mudaraba Laksma Puron Savings Scheme (MLPSS)

Minimum desired amount is BDT. 50,000. A customer can desire any amount in multiples of BDT. 10,000 i.e. BDT. 50,000/60,000/70,000 etc. The provisional profit ranges from 11.00-12.50%. The weightage of the product may be fixed at 1.05. Individual, Joint and Corporate Account can be opened. Maximum 80% of the deposited principal amount but not less than Tk. 50,000 can be availed as loan/over drafts facility against lien of the account. A customer who opens Mudaraba SB/CD account for availing the scheme will enjoy benefits such as ATM Card, Internet Banking (Altitude), SMS Banking, Mobile Banking. Free standing instructions are allowed against SB/CD accounts. Depositor(s) can avail Investment / Quard facility against lien of the account up to 80% of the deposited amount upon after completion of at least 1 year. If the depositor expires after availing an Investment/ Quard, Nominees/ Heirs will be paid the balance amount after making full adjustment of investment/ Quard ( including accrued liability owed by the customer to the Bank and other charges, if any) in connection with the scheme/ deposit account.

4. SME Banking:
4.1 Sahaj Rin (Collateral Free Loan): Sahaj Rin provides you an easy to access loan facility to successfully grow your small & medium enterprise business. Key Features Any justifiable business purpose for small & medium enterprise customers Investment amount -Tk 2 lac to Tk 6 lac Tenure - Maximum 36 months Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents At least 2(two) years old trade license. Special license ( if applicable)

Notarized partnership deed/registered by Sub Register Officer( in case of partnership ) Memorandum and Articles of Association in case of Private Limited Co. Passport/National voter ID/ ward commissioner/UP chairman certificate of the proprietor/ Partner. Photo of the Proprietor/ Partners and Guarantors. Security/Collateral Hypothecation of machineries, equipments, vehicles, inventories

4.2 Sampad Rin (Capital Loan) Sampad Rin offers you the loan facility to augment capital base for your business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use. Key Features Loan facility for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use. Investment amount - Tk 2 lac to Tk 50 lac for small enterprise customers and Tk 2 lac to Tk 300 lac for medium enterprise customers Tenure- Maximum 60 months and grace period may be allowed maximum 6 months Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents Trade license - at least 1 (one) year old Special license ( if applicable) Notarized partnership deed/registered by Sub Register Officer (in case of partnership) Memorandum and Articles of Association in case of Private Limited Co. Passport/National voter ID/ ward commissioner/UP chairman certificate of the proprietor/ Partner. Photo of the proprietor/ Partners and guarantors. Last 12 months bank statement of transactional account.

Security/Collateral

Registered mortgage of property/ownership of the space/possession right purchased in Banks name Hypothecation of machineries, equipments, vehicles, inventories Lien of cash collateral (FDR) and other encashable financial instrument 4.3 Chalti Rin (Working Capital Loan) Chalti Rin offers you the loan facility to increase the working capital base by financing day to day business of your Small and Medium Enterprise (SME) business.

Key Features Any justifiable working capital need for small and medium enterprise customers. Investment amount - Tk. 2 lac to Tk 50 lac for small enterprise customers and Tk. 2 lac to Tk 300 lac for small and medium enterprise customers Tenure- Maximum 12 months for continuous loan and Maximum 60 months for term loan. Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents Trade license - at least 1 (one) year old Special license (if applicable) Notarized partnership deed/registered by Sub Register Officer (in case of partnership) Memorandum and Articles of Association in case of Private Limited Co. Passport/National voter ID/ward commissioner/UP chairman certificate of the proprietor / partner / derectors. Photo of the proprietor/Partners and guarantors. Last 12 months bank statement of transactional account. Statement of all active bank loans (if any). Security/Collateral Registered mortgage of property/ownership of the space/possession right purchased in Banks name. Hypothecation of machineries, equipment, vehicles, inventories. Lien of cash collateral (FDR) and other encashable financial instrument 4.4 Moushami Rin (Seasonal Loan)

Moushami Rin offers you the loan facility to grab the additional opportunities in various festivals and seasonal events (i.e. Eids, Pujas, Christmas, Bengali and English New Year etc.) by organizing special business arrangements to increase sales and profit for your SME business.

Key Features To meet short term financing need of any existing small and medium enterprise customers Investment amount -Maximum Tk 50 lac for SE customers and maximum Tk 300 lac for medium enterprise customers Tenure- Maximum 6 months Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents Trade license - at least 2 (two) years old Special license ( if applicable) Notarized partnership deed/registered by Sub Register Officer (in case of partnership) Memorandum and Articles of Association in case of private limited co. Passport/National voter ID/ward commissioner/UP chairman certificate of the proprietor/ Partner. Photo of the proprietor/ partners and guarantors. Last 12 months bank statement of transactional account. Statement of all active bank loans (if any).

Security/Collateral Hypothecation of machineries, equipments, vehicles, inventories Lien of cash collateral (FDR) and other encashable financial instrument 4.5 Digun Rin (Double Loan) Prime Bank's Digun Rin helps you to avoid encashing your long held saving and provide you the required capital for your business operation. Under this SME product, if you offer any encashable security i.e. FDR, you will be entitled to receive double amount of the value of security provided. Key Features Any justifiable business purpose for small and medium enterprise customers Investment amount - Tk 2 lac to Tk 50 lac for both small enterprise and medium enterprise customers Tenure- Maximum 60 months

Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents Trade license - at least 2 (two) years old Special license ( if applicable) Notarized partnership deed/registered by Sub Register Officer (in case of partnership ) Memorandum and Articles of Association in case of Private Limited Co. Passport/National voter ID/ward commissioner/UP chairman certificate of the proprietor/ Partner. Photo of the proprietor/ Partners and guarantors. Last 12 months bank statement of transactional account.

Security/Collateral Hypothecation of machineries, equipments, vehicles, inventories Lien of cash collateral (FDR) and other encashable financial instrument 4.6 Anchol (Women Entrepreneurs' Loan) Anchol is the credit facility for the women entrepreneurs to expand and operate their businesses at desired level. Key Features Any justifiable business purpose for Small Enterprise women entrepreneurs Investment amount - Tk 1 lac to Tk 50 lac (upto Tk. 25.00 lac unsecured limits) Tenure - Maximum 12 months for continuous loan and Maximum 60 months for term loan Interest rate- 10% p.a. Eligibility Age: At least 21 years Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan. Required Documents Trade license - at least 2 (two) years old Special license ( if applicable) Notarized partnership deed/registered by Sub Register Officer (in case of partnership ) Memorandum and Articles of Association in case of Private Limited Co. Passport/National voter ID/ward commissioner/UP chairman certificate of the proprietor/partner/directors. Photo of the proprietor/ partners and guarantors.

Last 12 months bank statement of transactional account. Security/Collateral Registered mortgage of property/ownership of the space/possession purchased in Banks name Hypothecation of machineries, equipments, vehicles, inventories Lien of cash collateral (FDR) and other encashable financial instrument.

5. Agriculture Banking
5.1 Abad (Crop Loan) To help farmers, share cropper and landless farmers to bear the cost of tilling of land, fertilizers, pesticides, irrigation, seed etc. for producing different crops and vegetables. Key Features Loan size: Up to Tk.3.00 lac Financing mode: Loan (General) Tenure: Maximum 6 months (Maximum 12 months for financing in banana & mango cultivation) Eligibility Any real farmers Age is between 19 65 years of age (the borrowers age must not exceed 65 at the expiry of loan tenor) Reside within locality/command area for minimum 2 years Security Hypothecation of crops/vegetables Collateral: registered mortgage (where applicable) Irrevocable Power of Attorney. Group/Cross Guarantee from the Group members on non judicial stamp paper is to be obtained (in case of loan is made by making a group) And other security required as per banking rule
5.2 Khamar ( Farm/Non-Crop Loan) Any justifiable capital expenses and/or working capital and Project finance Key Features Areas: Fisheries Hatchery Poultry Beef Fattening Milching cow/Dairy

Bio-gas Plant (for Farm) Poultry/livestock/fish feed producer Duck rearing Integrated Farm Solar panel for farm Others ( related to Agriculture)

Loan size: Up to 100.00 lac Financing mode: Loan (General), Cash Credit C(Hypo) Tenure: For Cash Credit (Hypo) : Maximum 1 year For Term Loan : Maximum 3 year Eligibility The applicant must be Bangladeshi by nationality Age is between 21 65 years of age (the borrowers age must not exceed 65 at the expiry of loan tenor)Reside within locality/command area for minimum 2 years The entrepreneur is skilled in managing his farm/ enterprise and has experience of successfully managing the farm/ enterprise for at least two (2) years Security Hypothecation of stock, machineries, equipment, vehicles etc; Registered mortgage And other security required as per banking rule 5.3 Nabanno (for Any Agri-purpose Loan) Any justifiable capital expenses and/or working capital and Project finance Key Features Areas: Farm machineries /Agri. Equipments (Irrigation and tilling technology/equipments, Thresher, Tractor, Harvester etc) Solar Pumps/ solar power operated irrigational equipment Nursery Rural transport [Van, Rickshaw, Mechanized boat, Covered van (1 ton), truck for carrying poultry/fish etc (1.5 ton), etc. Weavers (Handloom Industry) Tissue culture NGOs/MFIs for onward lending to Agriculture sector Flower cultivation Mushroom cultivation

Bio-gas Plant (for individual) Solar panel for house and business enterprises Rural Financing Storage and marketing of crops Others (related to Agriculture)

Loan size: Up to 100.00 lac Financing mode: Loan (General), Hire Purchase, Cash Credit (Hypo) Tenure: For Cash Credit (Hypo): Maximum 1 year For Term Loan / Hire Purchase : Maximum 5 year

Eligibility The applicant must be Bangladeshi by nationality Age is between 21 65 years of age (the borrowers age must not exceed 65 at the expiry of loan tenor) reside within locality/command area for minimum 2 years The entrepreneur is skilled in managing his farm/ enterprise and has experience of successfully managing the farm/ enterprise for at least two (2) years Security Hypothecation of stock, machineries, equipment, vehicles etc; Registered mortgage ( Where applicable) And other security required as per banking rule

6. NRB Banking
6.1 Foreign Remittance Services Prime Bank has set the highest priority to mobilize inward foreign remittance of Non-Resident Bangladeshi Nationals (NRB) living and working in different parts of the world. Our remittance service is Easy, Fast and Secured. Remittance Products for NRBs Instant Cash Remittance: Beneficiaries can receive instant cash remittance from the Branches of Prime Bank and from the branches of BURO Bangladesh. TT Remittance: Payment instructions received through tested e-mail/secured internet system by CFRC, execute payment instructions, credit the same to the beneficiaries account maintained with Prime Bank Branches and also execute third banks payment.

DD Remittance: DD drawn on the Branches of Prime Bank by Exchange Companies& banks. Web-based remittance: Web-based payments executed from all our branches and from BURO branches. Major Strengths of Prime Bank Foreign Remittance Service a. Remittance Distribution Network Prime Banks existing network of 110 locations throughout the country *95 branches and 15 SME branches]. Under a sub-representative agreement with Prime Bank 500 branch locations of BURO Bangladesh are making instant cash payment of remittances to the beneficiaries Strong Agency arrangement with a host of local banks for distribution of foreign remittance b. Remittance Processing Strength Real time online connectivity with all the Branches of Prime Bank through Core Banking Software allowing instant account-to-account credit, over the counter cash payment of Instant cash remittances & credit of proceeds of foreign TTs to customer accounts. Batch processing of payment orders for third bank credit within the same clearing zone Automated Centralized Foreign Remittance Center (CFRC) at Head Office for faster processing of remittances. Automation has increased the efficiency of CFRC and reduced the lead-time. c. Alternative Delivery Channel

With our wide ATM network infrastructure and switching system, we have access to 1200 shared network of other banks spread over the country. Recently, initiative has been taken to install POS to supplement the existing alternative delivery channel, which is expected to be in service within a short period. d. Speedy Delivery of Remittance Prime Bank ensures faster delivery of foreign remittance as per the following turn-around time: Prime Banks customer (more than 110 branches) : Instant A/C credit BURO Bangladesh (500 outlets) : Same working day Third Banks customer : 2 5 working day e. International Banking Relationship Prime Bank has established a good correspondent banking network throughout the world. At present, the Bank has correspondent relationship with 516 branches of 198 banks located in 87 countries.

Prime Bank maintains 34 NOSTRO accounts in 9 different currencies with 25 banks to facilitate payments and receipts in foreign currencies. f. Strength in Sourcing Inward Remittance Prime Bank has a wholly owned subsidiary in Singapore for handling remittances of non-resident Bangladeshis living in Singapore and other nationals Prime Bank has a wholly owned subsidiary in UK (3 branches in London, Birmingham and Manchester) Drawing arrangement with 32 exchange companies & banks of around the globe for sourcing inward foreign remittance Marketing representatives in overseas locations for sourcing remittance, account opening and cross selling of NRB products

6.2 Account Facilities for NRBs Foreign Currency Account Bangladesh nationals working and earning abroad including Self employed Bangladeshi migrants proceeding abroad on employment may open foreign currency accounts even without initial deposits. NRBs may operate the accounts themselves or nominate other persons in Bangladesh for this purpose. The accounts can be opened either in Pound Sterling, US Dollar, EURO or Japanese Yen at the option of the prospective account holder and maintained as long as the account holder desires. These accounts would ordinarily be fed from remittances by account holders themselves but funds sent by other wage earners may also be placed to the credit of such accounts. Allowed credit of such account with proceeds of convertible foreign exchange viz. currency notes, travellers' Cheques, drafts etc. brought into Bangladesh by the account-holders while on temporary visit to Bangladesh provided such foreign exchange in excess of US $5000 (or its equivalent) has been duly declared by them to the Customers on Form 'FMJ' at the time of their arrival. Resident Foreign Currency Deposit Account Persons ordinarily resident in Bangladesh may open and maintain Resident Foreign Currency Deposit (RFCD) accounts with foreign exchange brought in at the time of their return from travel abroad. Any amount brought in with declaration to Customs Authorities in form FMJ and up to US$ 5000 brought in without any declaration can be credited to such accounts. Proceeds of export of goods or services from Bangladesh or commission arising from business deals in Bangladesh shall not be credited to such accounts.

Balances in these accounts shall be freely transferable abroad. Fund from these accounts may also be issued to account-holders for the purpose of their foreign travels in the usual manner (i.e. with endorsement in passport and ticket, upto US $ 2000 in the form of cash currency notes and the remainder in the form of TC & for SAARC countries $1500). These accounts may be opened in US Dollar, pound sterling, Euro or Japanese yen and may be maintained as long as the account holders desire. Interest in foreign exchange shall be payable on balances in such accounts if the deposits are for a term of not less than one month and the balance is not less than US$ 1000 or 500 or its equivalent. Non Resident Foreign Currency Deposit Account All non-resident Bangladesh nationals and persons of Bangladesh origin including those having dual nationality and ordinarily residing abroad are entitled to maintain interest bearing time deposit account named "NonResident Foreign Currency Deposit (NFCD) Account" with the Authorized Dealers (ADs). These accounts may be maintained in US dollar, pound sterling, Euro or Japanese yen; initially with minimum amount of US$ 1000 or pound sterling 500 or equivalent. Accounts may be opened against remittances in other convertible currencies after conversion of those into US Dollar, pound sterling, Euro or Japanese yen. Foreign nationals and companies/firms registered and/or incorporated abroad, banks, other financial institutions including institutional investors and 100% foreign owned (A -Type) industrial units in the Export Processing Zones in Bangladesh, are also allowed to open and maintain NFCD account. The minimum amount of time deposits in such cases should be US$ 25,000 or its equivalent in pound sterling, Euro or Japanese yen. Bangladeshi nationals serving with Embassies/High Commissions of Bangladesh in foreign countries as also the officers/staffs of the Government/Semi-Government departments/nationalized banks and employees of body corporate posted abroad or deputed with International and Regional agencies like IMF, World Bank, IDB, ADB etc. during their assignments abroad may open such accounts. Crew members of the Bangladeshi shipping companies are not entitled to open such accounts, but shore staff posted abroad may open such accounts. The account is in the nature of term deposits maturing after one month, three months, six months and one year. Accounts may also be opened with funds transferred from existing foreign currency accounts maintained by the wage earners with the ADs in Bangladesh. The branch may pay interest on deposits into account at euro-currency deposit rates advised by the Head Office. In case of premature repayments, the amount of interest may be forfeited to the branch. The interest of deposits into this account is exempt from the Tax payable under Income Tax Act.

The account holder may be allowed to freely repatriate the balance and the interest accrued thereon in foreign exchange to the country of his residence or anywhere he chooses and may, at his option, convert the balance into Taka at the prevailing exchange rate. Non Resident Taka Account The Taka accounts maintained with banks in Bangladesh by private individuals, firms and companies resident outside Bangladesh are known as Non-resident Taka Accounts. The accounts of foreign nationals residing in Bangladesh and foreign firms and companies located and operating in Bangladesh and accounts of U.N. and its organizations are, however, treated as resident accounts and kept outside the scope of Exchange Control. The accounts of Bangladesh nationals who leave the country except those who hold office in the service of Bangladesh Government are required to be treated as non-resident Taka account so long they remain outside Bangladesh. Prior permission of Bangladesh Bank is necessary for opening non-resident Taka accounts. Non-resident Taka account may, however, be opened without prior permission of Bangladesh Bank for crediting the proceeds of remittances received from abroad through normal banking channel. Non-resident Investor's Taka Account The non-resident investor shall open a Non-resident Investor's Taka Account (NITA) with any AD branches of Prime Bank Limited, with freely convertible foreign currency remitted from abroad through normal banking channel or by transfer of funds from the non-resident investor's foreign currency account, if any, in Bangladesh. Balances in the NITA may freely be used to buy Bangladeshi shares/securities. These balances are also freely remittable abroad in equivalent foreign exchange. The NITA can be operated by the account-holder himself or by a nominee, including the AD itself. Dividends/interest earnings on the shares/securities bought through the NITA, net of taxes payable on such earnings of the non-resident holder, received from the issuing company/institution may be credited to the NITA. Sale proceeds of the shares/securities purchased through the NITA may also be credited to the NITA. No local funds from any sources other than those mentioned at (1), (4) and (5) above can be credited to NITA. No loan facilities shall be allowed by the ADs in the Non-resident Investor's Taka Accounts.

Ratio Analysis and Financial Reports

1. Performance at a Glance: Key Financial Data & Key Ratios


Particulars Interest income Interest expenses Net interest income Non-interest income Non-interest Expenses Net Non-interest income Profit before provision and tax Provision for loans and assets Profit after provision before tax Tax including deferred tax Profit after tax Balance Sheet Authorized Capital Paid-up Capital Total Shareholder's equity Deposits Long-term liabilities Loans and advances Investments Property,Plant and Equipment Earning Assets Net current assets Total assets Current ratio Equity Debt ratio Other Business Import Export Remittance Guarantee Business Capital Measures 2006 5199 3698 1500 1732 1101 631 2131 390 1741 689 1052 4000 1750 3860 54724 16877 45010 7844 412 55458 5286 60899 0.88 7.00% 52639 41801 15050 5386 44324 3860 549 4409 8.71% 1.24% 9.95% 367 2007 7170 5267 1903 2913 1559 1354 3257 910 2347 946 1401 4000 2275 5273 70512 15267 57683 12698 660 72798 1338 79588 0.97 7.10% 70617 51316 15905 7033 55485 5261 1122 6383 9.50% 2.00% 11.50% 777 2008 9096 7126 1970 3808 1931 1877 3847 1384 2463 1232 1232 10000 2844 6697 88021 31044 75156 23103 1375 100261 9962 110437 0.88 6.45% 91424 68550 22669 10010 72253 6265 1594 7859 8.67% 2.21% 10.88% 1323 2009 10831 8426 2405 5790 2907 2883 5289 700 4589 1805 2784 10000 3555 11745 106956 38209 89252 19934 1573 109905 3435 124806 0.96 10.39% 96452 76097 26447 13673 82710 9057 3112 12168 10.95% 3.76% 14.71% 1149 2010 12,023 7,790 4,234 5,447 3,603 1,844 6,078 540 5,538 2,535 3,003 10,000 5,776 16,769 124,519 47,918 111,167 20,484 1,692 132,688 7,349 152,797 1.09 12.33 147,704 106,943 28,433 29,000 183,747 15,793 5,692 21,485 8.60 3.09 11.69 1,368

Total risk weighted assets


Core capital (Tier-I) Supplementary capital (Tier-II)

Total Capital
Tier-I capital ratio Tier-II capital ratio Total capital ratio Credit Quality Non performing loans (NPLs)

NPLs to total loans and advances(%) Provision for unclassified loans Provision for classified loans Share Information Market price per share (Taka) No. of shares outstanding(Million) No. of shareholders (actual) Earnings per share (Taka) Dividend Cash Bonus Effective dividend ratio Market capitalization Net asset value per share (Taka) Price earning ratio (times)

0.82% 545 309 529 17.50 5262 60.11 30% 0.00% 30% 33.33% 9253 221 8.80

1.35% 895 478 924 22.75 7368 61.57 35% 10.00% 25% 40.00% 21021 232 15.01

1.76% 1040 734 540 28.44 9180 43.32 25% 0.00% 25% 27.78% 15349 235 12.46

1.29% 1303 631 653 35.55 10339 78.33 40% 10% 30% 44.44% 23212 330 8.34

1.23 1,463 642 945 57.76 19,748 56.90 40% 5% 35% 49.52 54,572 290 16.60

Key Financial Ratios


Operating Performance Ratio Net interest margin on average earning assets Net non-interest margin on average earning assets Earning base in assets (average) Cost income raito Credit deposit raito Cost of funds on average deposits Yield on average advance Return on average assets Return on average equity Other information No of Branches No of SME No of employees No of foreign correspondents Average earning assets Average total assets Average depostis Average advance Average equity 3.23% 1.36% 90.71% 34.07% 82.25% 8.15% 13.52% 2.05% 31.55% 50 1172 517 46448 51203 45373 38463 3334 2.97% 2.11% 91.29% 32.37% 81.81% 8.41% 13.96% 1.99% 30.68% 61 1400 553 64128 70244 62618 51347 4566 2.28% 2.17% 91.07% 33.42% 85.38% 8.55% 13.69% 1.30% 20.58% 70 1551 518 86530 95013 79266 66420 5985 2.31% 2.72% 89.34% 35.47% 83.45% 8.41% 13.18% 2.37% 30.19% 84 5 1844 602 105083 117622 97488 82204 9221 3.49 1.52 87.39 37.22 89.28 6.39 11.92 2.16 21.06 94 14 2,139 621 121,296 138,802 115,737 100,210 14,257

2. Trend:

3. Bank Credit Rating CREDIT RATING REPORT ON Prime Bank Limited Long Term Surveillance Rating -2010 Outlook Date of Rating Declaration AA+ Stable May 30, 2011 Short Term ST-1

1.0 RATING RATIONALE


CRISL has reaffirmed the long term rating of Prime Bank Limited (hereinafter called PBL) to AA+ (pronounced as double A plus) and Short Term rating to ST-1. The above ratings are based on consolidated financials up to December 31, 2010 and other relevant qualitative and quantitative information up to the date of rating. While assigning the rating CRISL viewed the ongoing fundamentals such as good financial performance and operating efficiency, satisfactory asset quality, good capital base, good market share, diversified business lines, considerable increase of non-funded business, sound IT infrastructure, experienced management team etc. However, the above factors are moderated, to some extent, by high loan growth to deposit, moderate financial performance of exchange house operations, dependence on fixed deposit etc. The long term rating implies that banks rated in this category are adjudged to be of high quality, offer higher safety and have high credit quality. This level of rating indicates a banking entity with a sound credit profile and without significant problems. Risks are modest and may vary slightly from time to time because of economic conditions. Short-term rating indicates highest certainty of timely payment. Shortterm liquidity including internal fund generation is very strong and access to alternative sources of fund is outstanding. Safety is almost like risk free Government short-term obligations. CRISL also foresee no significant change/ volatility in its operation in near future and placed the bank with Stable Outlook for the next one year.

4. Some Important Financial Ratio Analysis:


4.1 Total Assets: Total assets of PBL stood at Tk 199,950 million in 2011 from Tk 154,342 million in 2010 registering a growth of 29.55 percent. The increase in assets of PBL was mainly driven by growth of customer deposits. The growth of deposits was used for funding growth in credit and holding of securities for SLR purpose and as primary dealer. The economy witnessed a satisfactory growth scenario in credit and deposits mobilization. Assets (Taka in Million)
200,000 150,000 100,000 50,000 0 2011 Year 2010

4.2 Total Deposits: Deposits (Taka in Million) The deposits of PBL grew by 28.29 percent in 2011. Customer deposits of the bank grew by 26.64 percent. The growth was supported by 200,000 branch network and high standard service 150,000 provided to customers along with liability campaign carried out by retail liability team for 100,000 mobilization of no cost and low cost deposits. No 50,000 cost and low cost deposits comprised of 33 0 percent of total deposits as against 38 percent in 2011 2010 the previous year. Fixed deposits remained the main component of deposits contributing about 46 percent of the total deposits. Interest cost of deposit decreased to 8.15 percent as against 6.39 percent of the previous year. Scheme deposits have increased by 25 percent over the previous year. The clientele group of the Bank was individuals, corporation, NGO, NBFI, government bodies etc. There are as many as 18 deposit products of the bank.

Deposit Mix-2011
21% 15% 2% 11% 5% Current & Contingent Bills Payable Savings Special Notice Deposits FDR Scheme Deposits

46%

4.3 Loans and Advances / Investments:

Loans & Advances (Taka in Million)

Consolidated loans and advances/investments (credit under Islamic Shariah) of the bank grew 150,000 strongly by 19.32 percent and stood at Tk 100,000 141,802 million in 2011. Loans and advances of PBL have increased by Tk 23,352 million showing 50,000 a growth of 20.12 percent during 2011. Investment of Islamic banking branches 0 increased by 1,918 million and the growth rate 2011 2010 was 16.89 percent during 2011. Outstanding loans and advances of offshore banking units was Tk 3,470 million. Yield on loans and advances of PBL increased to 13.06 percent from the level of 11.76 percent of previous year due to increase of lending rates on corporate and medium scale financing. Ratio of nonperforming loan of PBL was 1.37 percent which was much below the industry average of 7.30 percent.

4.4 Non Performing Loan (NPL) Ratio: NPL ratio measures the asset quality of the bank and helps in managing asset portfolio. NPL ratio is 1.37 percent which was 1.18 percent in 2010 and much below the industry average of 7.30 percent. Tk 753.50 million had been recovered against NPL accounts and Tk 110.07 million had been recovered against previously written-off accounts in the year 2011. Due to continuation of major recovery efforts, the NPL

10.00%

NPL ratio

5.00% Industry average of NPL ratio 2011 2010

0.00%

ratio stood at 1.37 percent in 2011. Regular review of the loan pricing considering market situation and recovery of NPL is one of the major tasks for CBD to maintain and improve the asset quality.