City Bank’s half-yearly profit increases

City Bank on Tuesday organised its Earnings Disclosure event based on its second quarter (Q2), 2023 financial performances. 

The event was held over a digital platform. Existing and potential investors across the globe, researchers and analysts and many other individuals involved in capital market activities joined the event on web platforms, says a press release.

Consolidated Earnings Per Share (EPS) of the bank was recorded at Tk 1.97 for the half-year ended in June 2023 against Tk 1.81 during the same period of last year. 

The bank also reported Tk 2.4 billion (236.94 crore) Consolidated Profit after Tax during the half-year ended in June 2023, which was Tk 2.2 billion (217.22 crore) during the same period of last year.

The event started with the presentation on Q2, 2023 financial performance of the bank by Md Mahbubur Rahman, additional managing director and CFO of the bank, followed by a speech from Mashrur Arefin, managing director and CEO who briefly discussed current and future strategies. After that, the event was opened for a question and answer session, where participants’ queries were answered by bank’s AMD and chief business officer Sheikh Mohammad Maroof.

The bank attracted much attention from investment communities across the globe in
recent years through its noticeable presence and growth among the PCBs. 

This event is part of the bank’s continuous effort to scale up investor relations.