Prime Bank's board of directors meeting was held in Karachi under the chairmanship of Abdul Elah A. Mukred representing Arab Asian International Holdings, the major shareholders of Prime Bank.
Saeed I Chaudhry, president of the bank, presented the 5-year strategic plan 2006-10 with special focus on key areas like core banking activities, major investment in HR & IT, up-gradation of consumer banking and asset management business as well as acquisitions, etc. Directors approved the 5-year plan with particular interest on developing new lines of business.
The board reconfirmed its commitment and support to the bank under the leadership of Saeed I. Chaudhry as the president/CEO of the bank.
The chairman and the other shareholders also reinforced their financial support for the contribution growth as well as any potential acquisition opportunity in order to ensure successful achievement c milestones set in the 5-year plan.
The board meeting was concluded by Saeed I Chaudhry with a vote of thanks to the chairman, principal shareholders and all board members for their continued support and guidance.-PR