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City Bank shareholders approved a 15 per cent cash dividend and a 15 per cent stock dividend for 2025 at the bank's 43rd Annual General Meeting (AGM) held virtually on Sunday (June 7), says a press release.
The approval came following a recommendation by the bank's board of directors.
According to the bank, its consolidated profit after tax reached a record Tk 13.24 billion (Tk 1,324 crore) in 2025, marking a 31 per cent increase from the previous year. Deposits grew 23 per cent year-on-year to Tk 631.7 billion (Tk 63,170 crore) by the end of 2025.
The AGM was presided over by Chairman Hossain Khaled. Vice Chairman Rubel Aziz, directors Aziz Al Kaiser, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan and Syed Raihan Hasan Ali, independent directors Matiul Islam Nowshad and Nazimuddin Chowdhury, Managing Director and Chief Executive Officer Mashrur Arefin, Company Secretary Md Kafi Khan. The bank's shareholders and senior officials also attended the meeting.
In his address, Hossain Khaled said, “Despite global and domestic uncertainties, City Bank remained resilient through disciplined governance, strong risk management and a long-term strategic focus."
He also said the bank continued to strengthen its balance sheet, advance digital transformation initiatives and support businesses and communities across the country.
Shareholders at the meeting made various observations and suggestions regarding the bank's performance.
Responding to shareholders' queries, Managing Director and CEO Mashrur Arefin said the bank achieved record financial performance in 2025, driven by growth in business operations and customer confidence. He said City Bank would continue to focus on digital transformation, customer engagement and sustainable banking practices.
He also expressed optimism about the bank's growth prospects, citing improving macroeconomic conditions and renewed business confidence.
The AGM concluded with the adoption of the audited financial statements and approval of the dividend for the year ended December 31, 2025.