City Bank’s profit rises 9% in Q2

City Bank's consolidated profit rose 9.07 percent year-on-year to Tk 236.94 crore in the first half of 2023.

The amount was Tk 217.22 crore during the same period of last year.

Consolidated earnings per share (EPS) of the bank was recorded at Tk 1.97 for the half year that ended in June, 2023 against Tk 1.81 during the same period of last year.

The details were revealed yesterday at an earnings disclosure webcast based on the financial performance of the bank in the second quarter of 2023, said a press release.

The existing and potential investors across the globe, researchers and analysts along with many other individuals involved in capital market activities joined the virtual event.

Among others, Mashrur Arefin, managing director and CEO of the bank, Md Mahbubur Rahman, additional managing director and CFO, and Sheikh Mohammad Maroof, additional managing director and chief business officer, were present.