Prime Bank PLC has reported a 59 percent year-on-year growth in net profit after tax (NPAT) for the first quarter (Q1) of the financial year 2025.

According to a press release, the NPAT rose to Tk 209 crore, compared to Tk 132 crore during the corresponding period of the previous year.

The bank's board of directors adopted the unaudited Q1 financial statements at a board meeting held at the bank's headquarters in the capital today.

Earnings per share (EPS) stood at Tk 1.85, up from Tk 1.16 in the same period last year.

Net asset value (NAV) per share and net operating cash flow per share (NOCFPS) were recorded at Tk 34.44 and Tk 13.43, respectively, in Q1 2025, compared to Tk 30.72 and Tk (1.19) in the corresponding period of the previous year.

On a consolidated basis, the bank's total assets stood at Tk 57,633 crore at the end of March 2025, while loans and advances amounted to Tk 33,623 crore.

As of the end of Q1 2025, Prime Bank's capital to risk-weighted assets ratio (CRAR) stood at 17.02 percent.