City Bank EPS rises to Tk 2.58 in third quarter

FE Desk Report | Published: October 22, 2019 10:46:09 | Updated: October 22, 2019 20:37:17

Mashrur Arefin (2nd from left), Managing Director & CEO of City Bank, presenting the Q3 financial performance on Monday

City Bank presented its 3rd Quarter 2019 financial performances through an 'Earnings Disclosure' event organised on Monday at the bank's Head office in the capital.

Consolidated Earnings Per Share (EPS) of the bank was recorded at BDT 2.58 for the period from January to September 2019 against that of BDT 2.21 during the same period last year.

The bank also reported BDT 2,622 million Consolidated After Tax Profit during the three quarters of the year 2019, which was BDT 2,250 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," said a statement.

Existing & potential investors across the globe, researchers & analysts and many other individuals involved in capital market activities joined the event through web platforms. CBL's official face book page also webcast the event live.

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