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."