City Bank reports 162pc profit growth in Q1

City Bank reported 162 per cent profit growth in Q1, 2026, demonstrating sustained growth across key areas compared to the same period of the previous year, according to a press release.
The bank's profit after tax stood at Tk 2.41 billion, compared to Tk 0.92 billion in Q1, 2025. This represents a growth of over 162 per cent.

Earnings per share also increased to Tk 1.6 from Tk 0.6, reflecting enhanced shareholder value. MD & CEO Mashrur Arefin said, "While I am happy with such a strong increase in profit, I am equally concerned about the sharp slowdown in credit growth in the first quarter. The direction in which credit growth in our sector is heading is, quite frankly, a matter of great concern."