City Bank reports 15pc profit growth in Q3

FE DESK | Published: October 30, 2023 21:59:03

City Bank held its earnings disclosure event virtually on Monday and announced its Q3, 2023, results. Existing and potential investors from across the globe and researchers, analysts and many individuals involved in the capital market joined the event, said a statement.
The bank reported Tk 3.79 billion consolidated profit after tax in 9 months, ie, January to September 2023, which shows a growth of 15 per cent from last year's same period. With the disclosure, the consolidated earnings per share (EPS) of the bank was recorded at Tk 3.09 against that of Tk 2.70 during the corresponding period last year.
The event began with a presentation by Md Mahbubur Rahman, additional managing director and CFO, followed by a speech from Mashrur Arefin, managing director and CEO, who briefly discussed the current strategic priorities of the bank.
Sheikh Mohammad Maroof, additional managing director and chief business officer, Mesbaul Asif Siddiqui, deputy managing director and chief risk officer, and AKM Saif Ullah Kowchar, deputy managing director, were also present at the event.