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2015 for Its Business Reputation Demonstrating Consistent Growth, Investment Attraction, High Technology, Quality Staff and Modern Professional Management Method

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2015 for Its Business Reputation Demonstrating Consistent Growth, Investment Attraction, High Technology, Quality Staff and Modern Professional Management Method Registered Ofce Iqbal Centre (4th Floor) 42 Kemal Ataturk Avenue Banani, Dhaka-1213, Bangladesh Tel: +88 02 9820844-8 Fax: +88 02 9820849 Website: www.premierbankltd.com Achievement European Business Assembly (EBA) recognized The Premier Bank Limited as the Best Enterprise in the year 2015 for its business reputation demonstrating Consistent Growth, Investment Attraction, High Technology, Quality Staff and Modern Professional Management Method. The Best Enterprise certificate and the Best Manager certificate were awarded to the Bank and its Chairman at the recommendation by Socrates Committee, Oxford, UK. Achievement The Premier Bank Limited Received Best Enterprise Award- 2015 in Banking & Dr. H. B. M. Iqbal , Chairman of The Premier Bank Limited accredited Best Manager Certificate for the year- 2015 Letter of Transmittal All Shareholders of The Premier Bank Limited Bangladesh Bank Bangladesh Securities & Exchange Commission Registrar of Joint Stock Companies & Firms Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited Dear Sir(s) Annual Report of The Premier Bank Limited for the year ended 31st December 2015 We are pleased to enclose a copy of the Annual Report together with the audited financial statements including consolidated and separate balance sheet as on December 31, 2015, profit and loss account, cash flow statement, statement of changes in equity, liquidity statement for the year ended 31st December 2015 along with notes thereto of The Premier Bank Limited and its subsidiaries, Premier Bank Securities Limited and Premier Money Transfer Company Limited for your kind information and record. We have also enclosed separate financial statements of our Islamic Banking Branches and Offshore Banking Unit (OBU) of the Bank for the year 2015. Financial statements of ‘The Bank’ comprise those of Conventional and Islamic Banking Branches and Offshore Banking Unit while consolidated financial statements comprise financial statements of ‘The Bank’ and its subsidiaries (PBSL & PMTCL). Best regards, Yours truly, Mohammad Akram Hossain, FCS Company Secretary (Acting) Executive Committee, Board Audit Committee & Risk Management Committee of the Board the of Committee Management Risk & Committee Audit Board Committee, Executive 42 Financial Highlights - The Premier Bank Limited & Consolidated Performance Highlights and Indicators for 5 Years 5 for Indicators and Highlights Performance 39 43 Report of the Board of Directors Review of the Managing Director Managing the of Review 36 36 76 Report of the Board of Directors (Bangla) Message from the Chairman the from Message 31 90 Report on the Activities of the Board Audit Committee - 2015 Shariah Supervisory Committee Supervisory Shariah 30 92 Report on the Activities of the Risk Management Committee - 2015 29 93 Report of Shari’ah Supervisory Committee, 2015 Directors' Prole Directors' 20 20 94 Statement of Directors' Responsibilities in Relation to Financial Statements Board of Directors of Board 19 95 Corporate Governance Practice in the Bank Corporate Prole Corporate 18 18 108 Certicate on Compliance with Corporate Governance Guidelines Corporate Directory Corporate 16 109 Managing Director’s and Chief Financial Ofcer's Responsibility Statement Time Line and Milestones and Line Time 15 110 Subsidiaries of The Premier Bank Ltd. Premier Bank for Premier Services Premier for Bank Premier 14 111 Risk Management Report Core Values Core 13 13 117 Disclousers on Risk Based Capital Adequacy (Basel III) Vision and Mission and Vision 12 130 Report on Related Party Transactions, Contribution to National Exchequer Financial Highlights- 2015 Highlights- Financial 11 131 History of Growth over 10 years Products & Services & Products 10 Contents of Standard Disclosures Standard of Contents 132 Value Added Statement, Economic Value Addition 07 N Premier E T 133 Financials - 2015 T 06 S 230 Graphical Presentation N Committees of the Management, Divisional Heads & Branch Managers 231 237 Branch Network O 241 Corporate Social Responsibility C 247 Financial Solutions 256 Photo Album 272 Green Finance 274 Notice of the 17th Annual General Meeting 275 Proxy Form and Attendance Slip Premier P Passionate- To Serve. R Responsible- Proved by Premier Services. E Enthusiastic- Explores New Ideas. M Majestic- Shows Impressive Dignity. I Intense- Its Zest of Growth. E Expressive- Ensures a Crystal Clear Disclosures. R Receptive- Value People. annual report 2015 06 Contents of Standard Disclosures Particulars Page No. Corporate Objectives, Values & Structure Clarity and presentation Vision and Mission 12 Core values and code of conduct/ethical principles 13 Profile of the Company 18 Director’s profiles and their representation on Board of other companies & Organization Chart 20 Management Report/ Commentary and analysis including Director’s Report / Chairman’s Review/CEO’s Review etc. A general review of the performance of the company 11, 39-42, 131, 230 Description of the performance of the various activities/products/ segments of the company and its group companies during the period under review. (Weightage to be given for 10, 41, 247 pictorial/graphical/tabular presentations used for this purpose) A brief summary of the Business and other Risks facing the organization and steps taken to effectively manage such risks 111 A general review of the future prospects/outlook 31, 36, 74 Information on how the company contributed to its responsibilities towards the staff (including 70, 132 health & safety) Information on company's contribution to the national exchequer & to the economy 130 Sustainability Reporting: Social Responsibility Initiatives (CSR) 34, 38, 241-246 Environment related Initiatives 272-273 Environmental & Social Obligations 245 Integrated Reporting 241-246 Appropriateness of Disclosure of Accounting policies and General Disclosure Disclosure of adequate and properly worded accounting policies relevant to assets, liabilities, Income and expenditure in line with best reporting standards 148-162 Any Specific accounting policies Impairment of Assets 152 Changes in accounting policies/Changes in accounting estimates Segment Information Comprehensive segment related information bifurcating Segment revenue, segment results and segment capital employed Availability of information regarding different segments and units of the entity as well as non-segmental entities/units 155, 157, 193, 194 Segment analysis of: Segment Revenue Segment Results Turnover Operating profit Carrying amount of Net Segment assets Financial Statements (Including Formats) Disclosures of all contingencies and commitments 137, 143, 182 Comprehensive related party disclosures 156, 157, 195, 196 Disclosures of Remuneration & Facilities provided to Directors & CEO 138, 144, 185 Statement of Financial Position/Balance Sheet and relevant schedules 136, 137, 142, 163-182 Income Statement/Profit and Loss Account and relevant schedules 138, 144, 183-188 07 annual report 2015 Contents of Standard Disclosures Particulars Page No. Statement of Changes in Equity/Reserves & Surplus Schedule 139, 145, 177-182 Disclosure of Types of Share Capital 177-180 Statement of Cash Flow 140, 146 Consolidated Financial Statement (CFS) 136-141 Extent of compliance with the core IAS/IFRS or equivalent National Standards 162 Disclosures / Contents of Notes to Accounts 163-196 Information about Corporate Governance Board Of Directors, Chairman And CEO 16, 19, 73 Audit Committee (Composition, role, meetings, attendance, etc.) 73, 74, 90, 97, 159 Internal Control & Risk Management 67, 111, 157, 158 Ethics And Compliance 13, 149, 162 Remuneration and other Committees of Board 74 Human Capital 70, 132 Communication To Shareholders & Stakeholders 177-179, 274 Management Review And Responsibility 36-38, 109 Any other investor friendly information 39-42, 131, 230 Risk Management & Control Environment Description of the Risk Management Framework Risk Mitigation Methodology 92, 111-116, 158 Disclosure of Risk Reporting Stakeholders Information Distribution of shareholdering (Number of shares as well as category wise, e.g Promoter group, FII etc) 177-179 Shares held by Directors/Executives and relatives of Directors/Executives Redressal of investors complaints 63-64 Graphical/ Pictorial Data Earnings per Share Net Assets Stock Performance 39-42, 230 Shareholders’ Funds Return on Shareholders Fund Horizontal/Vertical Analysis including following. Operating Performance (Income Statement) Total Revenue Operating profit Profit Before Tax Profit after Tax EPS 39-42, 131, 230 Statement of Financial Position (Balance Sheet) Shareholders Fund Property Plant & Equipment Net Current Assets Long Term Liabilities/Current Liabilities Protability/Dividends/ Performance and Liquidity Ratios Gross Profit Ratio Earning before Interest, Depreciation and Tax 40, 42, 187 Price Earning ratio Current Ratios annual report 2015 08 Particulars Page No. Return on Capital Employed Debt Equity Ratio 40, 42, 187 Statement of Value Added and Its Distribution Government as Taxes 132 Shareholders as dividend 132 Employees as bonus/remuneration 132 Retained by the entity 132 Market share information of the Company’s product/services 247-255 Economic value added 132 Specic Areas for Banking Sector Disclosure of Ratings given by various rating agencies for Instruments issued by /of Bank. For e.g. 72 FD, CD, Tier I perpetual Bonds Details of Advances portfolio Classification wise as per the direction issued by the central bank of 55, 167-171 the respective countries Disclosure for Non-Performing assets 169-170
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