Anwar-ul Alam Chowdhury (Parvez), President of Bangladesh Chamber of industries (BCI) said that the proposed budget seems to be challenging…
An illustrious investment banker Md. Akter Hossain Sannamat FCA, PCS was born in an enlightened, reputed and well educated Muslim family. Sannamat obtained his Honors and Master in Accounting from Dhaka University securing first class in all through his academic career. He is a brilliant chartered Accountant and Chartered Secretary. A fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB) and the Institute of Chartered Secretaries and Managers of Bangladesh (ICSMB), Sannamat took part in various training courses, seminars and workshops particularly in the areas of capital market, risk management, auditing, credit, credit appraisal, secretarial practices etc. at home and abroad. In his personal life, he is very simple, modest and practicing religious rites and ritual. He possesses an outstanding talent which has been truly reflected in many of his activities. Sannamat is one of the forerunners of a handful of career investment banker who could establish his position in the financial sector by his individual talents, farsightedness, depth of knowledge, dynamism and wisdom.
Prime Finance in a short span of time has proved to be the country’s leading multiproduct financial institution. And this extraordinary position of the Company has made possible because of its Managing Director Akter H Sannamat’s leadership, introduction of time appropriate ever new product and services. Prior to his current incumbency, he was the Deputy Managing Director of this Company. A dynamic investment banker Sannanuii in his remarkable 16 years service life showed excellent performance in different capacities. He is very versatile investment banker who has already established Prime Finance as one of the leading and top rated institutions of the country-giving more emphasis on transparency and accountability. He added a new dimension in Prime Finance with his skills, individuality and integrity which makes Prime Finance a famous in national and international arena. In recognition of his dedicated and dynamic-leadership, the Company received a good number of awards and accolades for its transparent and fair presentation in financial reporting, accountability and good governance practices. The Company won the First Prize of ICAB National Award for all the years in a row since its listing with Stock Exchanges in 2005. Prime Finance also adjudged Runner-up by South Asian Federation of Accountants (SAFA) for the best presented Financial Statements for the year 2006, 2007 and 2008. Mr. Sannamat is a Director of PFI Securities Limited, PFT Properties Limited, Prime Prudential Fund Limited, Prime Islami Life Insurance Company Limited and Prime Insurance Company Limited. He is a Member of the Standing Committee on FDI, Capital Market & Portfolio Management of Dhaka Chamber of Commerce and Industries (DCCI), General Body of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Executive Committee of Bangladesh Leasing & Finance Companies Association (BLFCA). Mr. Sannamat is also a Member of different committees of ICAB namely Board of Studies, Real Estate Committee, Editorial Board and Committee for Amendment of CA Order & Bye-Laws.
About Prime Finance & Investment Limited
Prime Finance & Investment Limited one of the largest financial institutions has been operating in Bangladesh since 1996. Its core competencies cover lease finance, term finance, real estate finance, SME finance, public issue of shares, portfolio management, margin loan, share trading etc, The client is the focal point of all of Prime Finance’s activities. The Management is committed to provide Company’s clients with excellent, innovative and fast solutions across all business segments. Prime Finance wants to be the preferred financial institution for its clients as they enjoy distinct service culture. Prime Finance holds a leading position in the capital market operations. It is the undisputed number one in providing comprehensive and integrated capital market services in Bangladesh. Prime Finance boasts a broadly diversified business profile. This enables Prime Finance to offer its clients the full range of services, they expect from a leading financial institution.
Prime Finance seeks to constantly increasing its return on equity for its shareholders, building on a systematic program of value-based management. We are committed to our corporate citizenship, promoting the common good in the community where we do business. We offer our employees excellent opportunities to further their career. We share our success with them through performance related systems of incentives. At the same time, we ensure strict compliance with the ethical principles.
Listed on both the Dhaka and Chittagong Stock Exchange, Prime Finance is an integrated financial service provider offering a comprehensive range of products and services in the local market. Prime Finance belongs to Prime Financial group and the group is differentiated by its portfolio branding strategy and there are a number of successful financial services providers within the group such as PFI Securities Limited, Prime Finance Asset Management Company Limited, Prime Prudential Fund Limited and Prime Properties Limited.
The diversity of our businesses is our strength. A fully integrated finance house- Prime Finance offers a diverse range of financial products and fee based services through its Dhaka, Chittagong & Rajshahi office with the objective to meet variety needs of the clients. Prime Finance also offers various attractive deposit schemes. The diversification of our operations and earnings stream will be evident from the following:
Fund Based Services
Lease finance, Term finance, Real estate finance, Bridge/equity finance, SME finance, Syndicated finance, Margin loan.
Fee Based Services
Public issue of securities, underwriting of securities, Portfolio management, corporate financial services, Merger & amalgamation, Security trading services
Annual income deposit, Monthly, quarterly & half yearly income deposit, Fortune DPS, Double income deposit, Housing deposit scheme.
PFI securities Limited – Stock broker and dealer Prime Finance Asset Management Co. Ltd. – Managing mutual funds, unit funds, etc Prime Prudential Fund Limited – Sponsor of mutual funds and capital market operations. PFI Properties Limited – Construction of commercial and residents building, developing townships and Securitization of receivables