Profit of Prime Commercial Bank Rs 709.5 Million

May 12: Net profit of Prime Commercial Bank has increased by 28 percent to Rs 709.5 million in the third quarter of current FY. Increase in net interest income by 17.41 percent, operating profit by 23.37 percent and foreign currency exchange by 49.69 percent has attributed in increase in net profit of the bank.

Similarly, in the third quarter of current FY reserve fund of the bank has increased by 29.77 percent, whereas, investment has decreased by 20 percent. The bank has been able to recover Rs 250.2 million bad debt of the last FY.