To support export and import-based businesses in coping with global uncertainties induced by the Covid-19 pandemic, International Finance Corporation (IFC) is providing $50 million to Prime Bank Limited in Bangladesh. This IFC funding will support working capital, trade finance, and foreign exchange liquidity needs of export and import based entities borrowing through Prime Bank’s Offshore Banking unit. The financing package is part of IFC’s “Fast Track Covid-19 Facility” – a package designed to support countries and private sectors to cope with the impacts of the pandemic under the Working Capital Solutions (WCS) program, according to a media release issued on Monday. Read More: IFC giving $32.5 million to ensure food security in Bangladesh IFC has provided a total of $310 million in working capital solutions to banks in Bangladesh and liquidity support to companies since the beginning of the pandemic, including this latest funding to Prime Bank. Since 2010, IFC has invested over $3.6 billion to help the private sector in Bangladesh grow.This IFC engagement with Prime Bank will also be supported by the International Development Association’s Private Sector Window Blended Finance Facility. Commercial banks are the largest providers of working capital and foreign exchange trade finance support to manufacturing and infrastructure businesses, key drivers of Bangladesh’s economy.Unexpected turbulence in the global markets has restrained foreign exchange liquidity in the market. Read More: IFC pledges $6 billion to tackle food insecurity.   With this funding, Prime Bank is expected to extend loans to its export and import-based customers, helping keep businesses afloat, resume exports and preserve jobs. “IFC’s support reflect resilience of Bangladesh economy and confidence in Prime Bank. IFC has been a valuable partner of Prime Bank since 2014 and this relationship helps us to significantly expand our OBU business. We are really thankful to IFC for its continued support. This fresh funding of USD 50 million targeted for SME clients will help us to grow SME portfolio of the bank,” said Managing Director & CEO of Prime Bank, Hassan O. Rashid. “It is clear the impacts of Covid-19 are still being felt by a number of businesses in Bangladesh’s key industries, effectively constraining their operating ability,” said Allen Forlemu, Regional Industry Director, Financial Institutions Group, IFC. “This funding package is designed specifically to help ensure businesses in Bangladesh can continue to trade and have access to working capital, helping them maintain operations and preserve jobs. Small and medium-sized businesses, which are the backbone of the country, and have been particularly impacted by the pandemic, are expected to benefit the most from this IFC funding.” Read More: IFC-led PaCT helped factories cut carbon and water footprints: BGMEA.

The national round of the Prime Bank School Cricket Tournament 2022 moved on to the quarterfinals following opening matches at the different venues of the capital and nearby areas Monday. The quarterfinalists are Sunamganj Government Jubilee High School, Joypurhat KG and High School, Pirojpur Government High School, and Rangpur Shishu Niketan High School. In the day's matches, Sunamganj Government Jubilee High School beat Barisal Asmat Ali Khan School by eight wickets at Shamsuzzoha Sports Complex in Narayanganj. Joypurhat KG and High School defeated Lalmonirhat Government High School by 44 runs at City Club Ground in the capital. Also Read: Prime Bank School Cricket national round begins Monday Pirojpur Government High School outplayed Bogura Police Lines High School by eight wickets at Hamidur Rahman Stadium in Keraniganj. Rangpur Shishu Niketan High School beat Mymensingh Premier Ideal School by nine runs at Jagannath Hall Ground in Dhaka to reach the quarterfinals. In the quarterfinals Thursday, Joypurhat KG and High School will play against Rangpur Shishu Niketan High School and Pirojpur Government High School will face Sunamganj Government Jubilee High School. Sixteen teams – champions and runners-up teams of the country's eight divisions split into two groups – are competing in the first phase of the tournament. The semifinals will be held on June 11 and the final match on June 13.

Right-handed batter Anamul Haque Bijoy continued to shine with the bat in the Dhaka Premier Division Cricket League. In his first match of the Super League stage, Anamul hit 77 for Prime Bank Cricket Club against Abahani Limited and led his team to seal the match at Sher-e-Bangla National Cricket Stadium. It was Anamul's sixth fifty in the league. He also has two centuries under his belt in the ongoing event. The right-handed batter already passed the 800-run mark. Abahani won the toss and opted to bowl first. Prime Bank posted 273 runs for nine wickets riding on the 77 of Anamul and 44, 43 of Mohammad Mithun and Yasir Ali respectively. Shahadat Hossain and Mahedi Hasan also did well with the bat scoring 38 and 34. For Abahani, Dhananjaya de Silva was the best bowler taking 3 wickets conceding 57 runs in 10 overs while Mohammad Saifuddin also bagged two wickets for them. In reply, Abahani tumbled for 131 for 10 wickets in 32.4 overs and lost the match by 142 runs. Captain Mosaddek Hossain scored 65 but the failure of the top five batters cost them the match. Only one of the top five batters of them was able to reach a double-digit score. Rakibul Hasan and Nasir Hossain scalped three wickets each for Prime Bank. READ: Bangladesh likely to tour Australia and England in the forthcoming ICC FTP fixtures In the match between Legends of Rupganj and Rupganj Tigers Cricket Club in BKSP, Sabbir Hossain of Legends of Rupganj hit his first century of the season and guided his team to a 55-run win. Along with Sabbir, Chirag Jani also did well with the bat scoring 95 not-out for Legends of Rupanj. In reply to Legends of Rupganj’s 325 for five, the Rupganj Tigers socred 270 and lost the match. For them, Saad Nasim of Pakistan hit 116 but his effort was not enough for them to avoid a defeat. In the other Super League match between Sheikh Jamal Dhanmondi Club and Gazi Group Cricketers in BKSP, Sheikh Jamal won by 72 runs. Parvez Rasool won the player of the match award for his 77 runs and three-wicket haul for Sheikh Jamal. And in the only match of the Relegation League, Khelaghar Samaj Kalyan Samity beat City Club by 85 runs in Fatullah.

  Manpower recruitment notification has been published in Private Prime Bank Limited. A Relationship Manager will be hired at the bank's Dhaka and Chittagong offices. Interested candidates need to apply online.  Position Name: Relationship Manager  Number of posts: Indefinite Eligibility: At least a bachelor's degree from a recognized university and three years of work experience in a related field. Read:Bank Job Circular: Manpower recruitment in Southeast Bank Limited Work place: Dhaka and Chittagong Salary: As per bank policy Application Procedure:  Interested candidates should apply online through this link https://career.primebank.com.bd/career/joblist.html. Last date of application: November 23, 2021  

Prime Bank, Prime Doleshwar, Shinepukur, Abahani, and Gazi Group all won their respective matches in the ninth round of the DPL T20 Monday. There were several exciting encounters in this round of the DPL. After losing two matches in a row in the sixth and seventh rounds, Prime Doleshwar have returned to winning ways. And Prime Bank have risen to the top of the points table. Rony Talukdar, Kamrul Islam, Khaled Ahmed, Munim Shahriar, and Najmul Hossain Shanto were among the star performers in this round.  Winners of ninth round of DPL T20 Prime Bank vs Old DOHS Result: Prime Bank won by 22 runs  Prime Bank Cricket Club beat Old DOHS Sports Club by 22 runs in the ninth round match at BKSP, Savar and moved up to the top spot in the DPL points table.   Batting first, Prime Bank scored 147/7 in 20 overs. Opener Rony Talukdar hammered 54 off just 39 balls, featuring three big sixes; Tamim Iqbal also contributed 25 runs. Rakibul Hasan and Asaduzzaman Payel bagged two wickets each for DOHS.   Old DOHS were bowled out for only 125 while chasing the target of 148. Top-order batsman Mahmudul Hasan Joy scored the highest 26 runs for them. Shoriful Islam bagged 3 wickets for Prime Bank. Rony Talukdar won the player of the match award for his batting performance.  Read Who was The Best Captain of Bangladesh Cricket team? Prime Doleshwar vs Legends of Rupganj Result: Prime Doleshwar won by 14 runs  Prime Doleshwar Sporting Club beat Legends of Rupganj by 14 runs.  Batting first, Prime Doelshwar were bowled out for only 118 runs with a ball to spare. Fazle Mahmud scored the highest 29 runs for them, while pacer Mohammad Shahid bagged 3 wickets for Rupganj.  Chasing 119, Legends of Rupganj finished their innings on 104/8. Al Amin made the highest 30 and man of the match Kamrul Islam Rabbi picked up 3 wickets for Prime Doleshwar.  READ: Munim continues to shine for Abahani  Shinepukur vs Khelaghar Result: Shinepukur won by 15 runs (DL Method)  Shinepukur Cricket Club won against Khelaghar Samaj Kallyan Samity by 15 runs through the DL Method at the Sher-e-Bangla National Cricket Stadium (SBNCS). Batting first, Shinepukur posted 154/6, on the back of Sajjadul Haque (48) and captain Towhid Hridoy (46). Pacer Khaled Ahmed picked up 3 wickets for 20 runs for Khelaghar.  Chasing a revised target of 126 in 16 overs, Khelaghar scored 110/7. Skipper Jahurul Islam (27) was the top scorer for Khelaghar. Tanvir Islam and Mohor Sheikh picked up two wickets each for Shinepukur.  Read Prime Doleshwar continue their winning run in DPL T20 2021 Abahani vs Sheikh Jamal Result: Abahani won by 49 runs (DL Method)  Abahani came up top against Sheikh Jamal Dhanmondi Club at the SBNCS and won the rain-hit contest by 49 runs through the DL Method.  Batting first, Abahani posted 181/4 in their allocated 20 overs, thanks to opener Munim Shahriar's 74 off 40 and Najmul Hossain Shanto's 65 runs.  The play was then stopped for an hour due to rain, and the umpires set a new target of 147 in 13 overs for Sheikh Jamal who finished their innings on 98/8. Mohammad Enamul scored the highest 29* runs for Sheikh Jamal, while Mehedi Hasan Rana claimed 3/16 wickets for Abahani.  Read Mahmudullah, Rubel, Nurul Spark in DPL T20 2021 Mohammedan vs Brothers Result: No result  The match between Mohammedan Sporting Club and Brothers Union ended in a draw due to bad weather.  In Savar, Mohammedan Sporting Club batted first and scored 143 runs for 9 wickets. Opener Abdul Majid led the team with 35 runs. For the Brothers, Rahatul Ferdous and Alauddin Babu both grabbed two wickets. Later, the game was abandoned due to persistent rain.   READ: Rony, Shoriful star in Prime Bank win Partex vs Gazi Group Result: Gazi Group won by 9 wickets (DL Method)  Gazi Group Cricketers beat Partex Sporting Club by 9 wickets through the DL Method with 15 balls to spare at BKSP.  Batting first, Partex Sporting Club scored 109/7 in 20 overs. Hasanuzzaman scored the highest 26 for Partex while Mohiuddin Tareq picked up 3 wickets for Gazi Group.  In reply, Gazi Group chased down the revised target of 47 runs in just 5.3 overs for the loss of 1 wicket. Player of the match Mahedi Hasan hammered 33 off just 13 balls with four big sixes.  Read European Football Season 2020-21: Individual Award Winners Bottom Line  Prime Bank have climbed up to the top position with 14 points after the ninth round of the DPL; Abahani and Prime Doleshwar, are in second, and third places. The top three of the points table have been in fantastic form from the start of the tournament, and they are all serious contenders to win this year's DPL. 

Prime Bank Limited and Grameenphone recently partnered to enable Small and medium-sized enterprises (SMEs) with financial and connectivity solutions with an ambition to empower and provide support to accelerate its growth.

Prime Bank and online marketplace Ajkerdeal have joined hands to facilitate MSME financing to e-commerce merchants without any collateral.

Prime Bank has earned net profit of Tk 61.88 crore on solo basis, which was Tk 99.27 crore in the corresponding period of last year. 

Prime Bank and online shopping marketplace, Daraz Bangladesh, have joined hands to facilitate MSME financing to e-commerce merchants without any collateral.

Prime Bank and Bangladesh Computer Samity (BCS) have joined hands to facilitate MSME financing to ICT companies without any collateral. The partnership titled “Prime Bank-BCS Alliance to Facilitate MSME Financing to ICT Industry” will enable easy access to finance to the ICT hardware and accessory companies as they prepare for next step of expansion against the backdrop of the government’s vision of Digital Bangladesh, according to a press release. Eligible BCS members can avail collateral-free loan up to Tk 50 lakh and other tailor-made financing solutions.