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Prime Bank Limited Essay

4793 words - 20 pages

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

To be the best private commercial bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidity.

For our customers:
• To provide the most courteous and efficient service in every aspects of its business
• To be innovative in the development of new banking products and services
For our employees:
• By promoting their well-being ...view middle of the document...

Improvement in mix of deposits by developing more retail products remained as on focused and shall continue to remain so in to 2009 also. Diversification of lending to SME will remain in forefront. It will try to remain ahead of the peer group benchmark through our usual efficient cost effective but productive service to our customers. PBL’s core value to remain socially responsible corporate citizen will remain integral part to its strategy and communicating them to all stake holders is intrinsic to plan.

Organization Structure
Prime Bank Limited is a traditionally structured organization which includes top managers, middle managers, first line managers and non-managerial employees.
Fig: Organizational Structure of Prime Bank Limited.

Mohammed Aminul Hoque, Chairman
Mohammad Aminul Haque former Chairman and present Director of Prime Bank Limited was born on January 01, 1940 at Rajshahi. He comes from a respectable Muslim family. After graduating in Mechanical Engineering from Bangladesh University of Engineering & Technology, Dhaka in 1962 he joined Water and Power Development Authority (WAPDA) an autonomous body, as a Design Engineer. Subsequently he joined Dhaka Polytechnic Institute as a Lecturer/Instructor. Immediately after the liberation of Bangladesh he decided to opt for business towards shaping the war torn economy and established Greenland Engineers and Tractors Company (GETCO) Ltd. and continued to serve as its Managing Director.
He is presently the Chairman of Prime Finance & Investment Ltd. a leading non-banking financial institution in Bangladesh and is also the Director of Newscorp Ltd. which publishes English National Daily 'The News Today'. Mr. Haque is also CEO, Bangla Cat in Bangladesh. Bangla Cat is a Caterpillar dealer in Bangladesh. He is a widely traveled person. He is married to Mrs. Nazma Haque who is a Director of Prime Insurance Company Ltd. and a former Director of Prime Bank Limited.
Quazi Sirazul Islam, Vice Chairman
Quazi Sirazul Islam is the former Chairman of Prime Bank Limited. He was also elected as a Member of Parliament of People’s Republic of Bangladesh in 1996 and 2001. He took part in country’s liberation war in 1971. He is the Senior Vice President of Bangladesh Jewelers Association and former President of Baitul Mukarrum Business Associates (a leading business forum). He is also a member of Federation of Bangladesh Chamber of Commerce & Industry (FBCCI), and the Chairman of City Hospital (Burn Hospital), which is the only private sector hospital of this kind in Bangladesh. He is a Member of the Board of Governors of People’s University of Bangladesh.

Mr. Islam has been providing financial assistance to the brilliant students of Viquarunnessa Noon School & College (a leading girl school and college of the country) by awarding gold medal every year. He is also the life member of Sandhani (a voluntary organization). He was awarded Kazi Jasimuddin Gold...

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