City Bank declares Q3 financial performance

City Bank organized its Earnings Disclosure web cast event based on 3^rd Quarter 2020 financial performances. The event was held on 2^nd November, 2020 over digital platform. Existing & potential investors across the globe, researchers & analysts and many other individuals involved in capital market activities joined the event through web platforms.

Consolidated Earnings Per Share (EPS) of the bank was recorded at BDT 3.04 for the period from January to September 2020 against that of BDT 2.58 during the same period last year. The bank also reported BDT 3,086 million Consolidated After Tax Profit during the three quarters of the year 2020, which was BDT 2,622 million during the same period of previous year.

The event started with the presentation on the recent financial performance of the bank by Md. Mahbubur Rahman, DMD & Chief Financial Officer of the bank, followed by a speech from Mashrur Arefin, Managing Director & CEO of the bank, briefly discussing current strategic positioning of the bank. After that, the event was opened for a lively Q&A session, where participants shared their concerns and queries with the management of the bank.

The bank attracted much attention from investment communities across the globe in recent years through its noticeable presence & growth in the private commercial banking industry in Bangladesh. And this event is one of those continuous efforts by the bank to scale up investor relation initiatives to cater to the need of this community.

 -rmc/