Premier Bank faces 115 crore taka losses in stock market -The Asian Age

Premier Bank Limited faced financial losses of 115 crore taka in the stock market during the 2022 fiscal year.The bank's portfolio shows losses of more than 100 crore taka. 70 crore taka of the bank was invested against 200 crore taka reserved in the special fund.Premier Bank Limited incurred losses of more than 10 crore taka in its brokerage house business. The bank's earnings have gone down by 13.5 crore taka in terms of commissions, marginal interest and investment in the share market.

There are shut down and weak companies in Premier Bank Limited's portfolio while there are some tricky shares too.Premier Bank Limited lent 169 crore taka to its brokerage house on a short term.