The Premier Bank PLC Governance and Shareholder Information

The Premier Bank PLC has a robust governance structure in place to ensure the bank operates in a transparent and accountable manner. The bank's Board of Directors is responsible for overseeing the overall strategy and direction of the bank.

The Board of Directors is composed of experienced professionals with a deep understanding of the banking industry. They bring a wealth of knowledge and expertise to the table, enabling them to make informed decisions that benefit the bank and its stakeholders.

The bank's shareholders play a crucial role in its success, and they are represented by the Board of Directors. Shareholders have a say in the bank's operations and can influence the direction of the company through their voting powers.

The bank's governance structure is designed to promote accountability and transparency, ensuring that the interests of all stakeholders are protected.

The Premier Bank PLC's SWIFT code is an 8-11 character code that identifies the bank's country, city, bank, and branch.

A SWIFT/BIC code is made up of four main parts: the bank code, country code, location code, and branch code.

The bank code is an A-Z4 letters representing the bank, usually a shortened version of the bank's name. For example, in the case of The Premier Bank PLC, the bank code is part of the overall SWIFT code.

The country code is an A-Z2 letters representing the country the bank is in. In the case of The Premier Bank PLC, the country code is not specified in the provided information.

Here are the main components of a SWIFT/BIC code:

Premier Bank Limited has faced several issues with regulatory compliance and corruption allegations.

In June 2005, Bangladesh Bank fined the bank for failing to comply with Know Your Client (KYC) requirements.

The Bangladesh Securities and Exchange Commission sued HBM Iqbal for using fake accounts in the stock market, which led to an investigation by Bangladesh Bank.

The National Board of Revenue froze the bank's accounts in November 2017 due to allegations of tax embezzlement.

Bazlul Haque Haroon, the director of Premier Bank, was summoned by the Anti-Corruption Commission in 2018 over the 2013 Bangladesh Bank investigation.

A SWIFT code is an 8-11 character code that identifies your country, city, bank, and branch.

The code is made up of several parts, including the bank code, country code, location code, and branch code.

The bank code is a 4-letter code that represents the bank, often a shortened version of the bank's name.

The country code is a 2-letter code that represents the country the bank is in.

The location code is 2 characters made up of letters or numbers, indicating where the bank's head office is.

The branch code is 3 digits specifying a particular branch, with 'XXX' representing the bank's head office.

Here's a breakdown of the SWIFT code structure:

The Premier Bank PLC has a well-established Board of Directors, led by Chairman H. B. M. Iqbal. He has been in this position since the information is not available.

The Board consists of eight members, including B. H. Haroon, Abdus Salam Murshedy, Mohammed Shafiqur Rahman, Shaila Shelly Khan, Cheng Min Yeh, Moin Iqbal, Mohammad Imran Iqbal, and Jamal G. Ahmed.

Here's a brief overview of the Board members' tenure:

The Executive Committee at Premier Bank PLC is responsible for making key decisions that drive the bank's strategy and growth.

Mohammad Abu Jafar is the CEO, having taken on the role on April 23, 2024.

Sayed Abul Hashem has been serving as the Director of Finance/CFO since November 16, 2020.

Abu Mohammad Sabbir Chowdhury is the Chief Tech/Sci/R&D Officer, with a wealth of experience in his field, having been in the role since September 30, 2023, at the age of 50.

Fahim Ahmad Ashraf is the Compliance Officer, but unfortunately, we don't have information on when he started in this role.

Mohammad Tareq Uddin has been leading the Sales & Marketing team since October 31, 2017.

The Board of Directors is a crucial part of any organization, and Premier Bank PLC is no exception. The bank's Board is composed of highly experienced and skilled individuals who are responsible for overseeing the bank's overall strategy and direction.

At the helm of the Board is H. B. M. Iqbal, who serves as the Chairman. He has been in this position for an unspecified amount of time.

The Board also includes several other Directors, each with their own unique expertise and experience. For example, Abdus Salam Murshedy, who is 61 years old, has been a Director since 2010.

Here is a list of the current Directors on the Board of Premier Bank PLC:

The Directors on the Board bring a wealth of experience and knowledge to the table, which is essential for making informed decisions that drive the bank's success.

The Premier Bank PLC has a diverse group of shareholders, with five individuals holding significant equities in the bank.

Jamal G. Ahmed is the largest shareholder, holding 61,671,457 shares, which represents 5% of the bank's valuation.

Shaila Shelly Khan and Abdus Salam Murshedy are also major shareholders, holding 61,650,975 and 51,940,288 shares respectively, which account for 4.998% and 4.211% of the bank's valuation.

The value of their shares is substantial, with Jamal G. Ahmed's shares valued at 5 million BDT and Shaila Shelly Khan's shares also valued at 5 million BDT.

In comparison, Abdus Salam Murshedy's shares are valued at 4 million BDT.

Here is a list of the top shareholders and their equities:

Premier Bank has been expanding its services to make banking more convenient for its customers. The bank launched the Pmoney app in April 2019, which offers a range of services, including banking, bill payments, and mobile top-ups.

The Pmoney app is a mobile banking app that allows users to perform various transactions and access information. In addition to the Pmoney app, Premier Bank has also introduced other services, such as the Premier Bank Quick Account Service, which enables users to open a bank account instantly.

The bank also offers a prepaid card for travel agents, launched in September 2023, which provides special benefits like seamless visa fee payments and zero annual fees. Furthermore, Premier Bank's 'Premier Bank Green PIN' service allows customers to instantly activate their debit, credit, or prepaid cards, or generate a new PIN for their cards.

The bank's services have been growing steadily, with an increase in sales by activity in the conventional banking sector from 9.08B in 2019 to 15.81B in 2023.

A fresh viewpoint: First Premier Bank Customer Service Number

Premier Bank offers a range of services through its mobile banking app, Pmoney. This app allows users to perform various banking tasks with ease.

The Pmoney app provides services such as banking, bill payments, fund transfers, and mobile top-ups. It also enables users to manage their beneficiaries and locate nearby Premier Bank branches.

One of the notable services launched by Premier Bank is the prepaid card for travel agents, in partnership with Mastercard. This card offers special benefits like seamless visa fee payments and no expense limits for single transactions.

Premier Bank has also introduced a 'Premier Bank Quick Account Service', which allows users to instantly open a bank account with just a few clicks. This service is a convenient addition to the bank's digital offerings.

Additionally, Premier Bank has launched the 'Premier Bank Green PIN' service, which enables customers to instantly activate their debit, credit, or prepaid cards, or generate a new PIN through the bank's website or mobile app.

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The Premier Bank PLC has seen significant growth in its sales over the years, with a notable increase in its conventional banking activities.

Conventional banking sales reached 9.08 billion in 2019, but skyrocketed to 11.89 billion in 2020, and continued to rise to 14.13 billion in 2021, and 16.46 billion in 2022, before dipping slightly to 15.81 billion in 2023.

Islamic banking branches have also been a growing part of the bank's operations, with sales increasing from 1.2 billion in 2019 to 1.32 billion in 2023.

Off-Shore Banking Unit sales have been steadily increasing, from 226 million in 2019 to 540 million in 2023.

In contrast, PBSL sales have been declining, from 219 million in 2019 to 61.84 million in 2023.

Here's a breakdown of the bank's sales by activity over the years:

The Premier Bank PLC has demonstrated remarkable financial resilience and stability in Bangladesh's dynamic and competitive banking landscape.

Our bank's robust financial performance has consistently achieved sustainable growth and profitability over the years, thanks to prudent risk management practices and strategic investment decisions.

The Premier Bank PLC has a comprehensive suite of loan products and credit facilities that cater to diverse customer needs, offering competitive terms and flexible repayment options for SMEs, retail borrowers, and large corporations.

Our streamlined loan approval process and personalized customer service set us apart from competitors, ensuring a seamless experience for borrowers.

The Premier Bank PLC prioritizes customer satisfaction above all else, with a dedicated team of professionals committed to delivering exceptional service and building lasting relationships with customers.

Our customer-centric approach has earned us a reputation for reliability and trustworthiness in the market, distinguishing us as a preferred banking partner for individuals and businesses alike.

The Premier Bank PLC's expertise in foreign currency operations and international business is second to none, with a global network of correspondent banks and strategic alliances facilitating seamless cross-border transactions.

Under the visionary leadership of Dr. HBM Iqbal, our esteemed Chairman, The Premier Bank PLC has charted a course of innovation, growth, and excellence, positioning us on a trajectory towards becoming the best bank in Bangladesh in 2024.