City Bank declares half yearly financial performance

FE Online Desk | Published: August 01, 2018 13:34:51 | Updated: August 02, 2018 15:29:36


City Bank recently presented its half yearly financial performance for the year 2018 through an 'Earnings Disclosure' webcast event held at the Bank's head office.

Existing and potential investors across the globe, researchers, analysts involved in capital market joined the event virtually.

The Bank declared its consolidated Earnings per Share (EPS) for the period of January-June 2018 at BDT 1.51 against that of BDT 2.18 for the same period in 2017. However, net operating cash flow per share—a good measure of the company’s financial health—increased to BDT 12.92 in the January-June 2018 period from BDT (-) 10.43 during the same period last year. The bank also reported BDT 1389.69 million Consolidated After Tax Profit during the first half of the year 2018, which was BDT 1907.47 million during the same period of previous year.

At the event, Sohail R. K. Hussain, Managing Director & CEO of City Bank spoke briefly about the Bank's current strategic positioning and macro outlook. Md. Mahbubur Rahman, DMD & Chief Financial Officer of City Bank also gave an overview of the recent financial performance of the Bank. The event ended with a lively Q&A session, where management of the bank responded to the participants' queries.

The bank attracted much attention from investment communities across the globe in recent years through its visible presence and growth in the 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, said a statement.

-rmc//

 

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