Prime Finance and Investment Limited was started by big corporate houses and individual entrepreneurs in 1996. Since starting its growth strategy was to grow by diversification of products and adding more and more services in the portfolio. This is clearly visible in its vision statement “To create value by working closely with customers, giving maximum return to stakeholders by achieving excellence in performance by giving proper reward and respect to employees.”
Mission of Prime Finance:
Company’s mission is to grow profitably by generating innovative solutions for their clients and hence create one stop shop for the client to meet his/her financial needs. In company’s growth, one reason is their committed and satisfied employees who are always thriving to achieve excellence in customer service and satisfaction. Reciprocating the employees commitment towards the company, latter has rewarded them with giving proper opportunity to realize their potential fully with best in the industry.
Lending Activity of Prime Finance:
Prime Finance has major source of income coming through financing activity. It has wide range of financing options like Lease and Term Finance, Bill Discounting, and Real Estate Finance. Company also gives loan for SME’s and also has Bridge/Equity Finance options. For bigger loans it has Syndicated Finance option available in association with other companies. Company also does hire finance on goods and equipment where ownership of the same lies with the company.
Deposit Schemes of Prime Finance:
Company collects the finance for its business by way of collecting deposits from the individuals and corporate. It has various scheme options ranging from monthly deposit to annual deposit. For individuals who want to invest for long term it has options like Double Income Deposit and Triple Income Deposit scheme. It also accepts housing deposit and a unique product viz. Fortune DPS. Company’s trust worthiness and unique service models have helped deposits to grow from 1480 to 3760 million taka within last 5 years.
Financial Report of Prime Finance:
With excellent management, fair policies and motivated employees company has grown from TK 445 to TK 3069 million in revenue and its net profit has jumped from TK 103 to TK 1726 million within last five years. This shows excellent growth for the company and also to its people. It has also rewarded its stakeholders in form of dividend growth of 400% i.e. from 20B to 80B in last 5 years. EPS (Earning Per Share) has also grown from 3.4 to 19.1, which is an excellent track record in the corporate world. Lastly, Bank has also increased its market capitalization from TK 840 to TK 42047 Million within last five years and also increased its enterprise value to TK 49051 from TK 3315 million which shows financial stability of the company.
With this stupendous performance company has set ambitious goals like
- Reducing NPA by improving financing portfolio
- Focus on large and quality Investment
- By generating trust and giving excellent services company intends to build long terms relationship with client
- To grow consistently without any compromise in profitability
- Increasing Shareholder Value by higher EPS
- To maintain good relationships with stakeholders
- Keep a bird eye on new opportunities and to act rapidly
- Managing company wisely by taking care of business risk.
Looking to great achievements in last five years, there is hardly any doubt of company’s achieving its goal.
Prime Finance & Investment Limited was enlisted in Dhaka Stock Exchange on 2005, it’s been rated as “A” category share under the financial sector as on 17-11-2012.
Contact information of Prime Finance & Investment Limited:
Registered Office: 63 Dilkusha Commercial Area, Dhaka-1000