5 Years Annual Report

2.1 History of the Bank: The grandeur of pecuniary intermediaries in the outgrowth of the overall economy of coarse cannot be described in short. From the inception of the civilization the banking sector dominate the economic phylogenesis of a coarse by mobilizing the saving from the general quite a little and channeling those saving for investment and thus economic pay offment and growth. The importance of commercial banks after the ravage of the liberation war to develop a better economy was severally call for and it is needed now and will be required in prox also. In time to time Government of Bangladesh agreed to bear the private commercial banking in the country. To fulfill the demand as well as to improve the commercial banking service in our country, The prime of life Bank Limited is scheduled bank that was co-ordinated under the Companies turning 1994, started its operation on April 17, 1995 with a laughingstock to play the vital role on the socio-economic development of the country. It availed its allowance as a banking company under the Banking Company Act 1993 from the Bangladesh Bank dated February 12, 1995. The started to make profit from the inception year. It was do possible for its management and the leadership of the first Managing Director Mr.

Lutfur Rahman Sharker, Ex -Governor, Bangladesh Bank. Within a short time the bank has been prosperous in positioning itself as progressive and dynamic pecuniary institution in the country. The is now widely acclaimed by the billet community, from small entrepreneur to big merchant and conglomerates, including top rated merged and foreign investors, for modern and innovative ideas and financial solution. Thus indoors this short time it has been able to create an unique take care for itself and earned significant solution in the banking sector of the country as a bank with a difference.The emergence of the Prime Bank Limited is an important event in the countrys financial sector at the inception of financial sector... If you want to get a full essay, order it on our website: Ordercustompaper.com

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