The Premier Bank Limited
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
Social Achievements
- Spent Tk.138.40 million on CSR which covers vast area of education, health and other under privileged sectors for the overall betterment of the nation.
- Supported Small and Agro based business through partnership with NGO’S and Micro Finance bodies across the country.
- Strengthened agro based financing base in Bashgari, Bhairob to provide start-ups, mentoring access to our networks.
Governance Achievements
- Maintained high standards of corporate governance, sound risk management practices to achieve sustainable growth in long run.
- Ensured compliance of corporate governance code issued by BSEC and Bangladesh Bank.
Climate Goals & Targets
Environmental Challenges
- Challenging external environment marked by global volatility with economic slowdown, continued regulatory pressure and negative interest rates in Europe, a trade war between the US and China, and Brexit related uncertainty.
- Sky rocketing Non-Performing Loans (NPLs) in the banking sector.
- Slowdown in export growth.
Mitigation Strategies
- Improved profitability and strengthening of the balance sheet of the bank.
- Investment in technology to improve services across Retail and Corporate customer bases.
- Introduced mobile banking application “P money”.
- Strengthened loan recovery efforts.
- Implemented robust risk management practices.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- “Bangladesh’s Best Bank Leader 2019-20”
- “Bangladesh’s Greatest Brands 2019-20”
- ‘Mother Teresa International Award’