City Bank logs 26pc higher profit

City Bank's profit rose to Tk 549 crore in 2021, up from Tk 436 crore in the previous year

City Bank's profit rose by around 26 per cent in 2021, when the bank logged Tk 549 crore consolidated profit after tax.

The lender recorded Tk 436 crore profit in the previous year, a press release said. 

Based on the fourth quarter (Q4) of 2021 financial performances, City Bank virtually organised its earnings disclosure web cast event yesterday when it is revealed.

The event started with the presentation on recent financial performances of the bank by Md Mahbubur Rahman, additional managing director of the bank.

Existing and potential investors across the globe, researchers and analysts and many other individuals involved in capital market activities joined the event through web platforms.

Mashrur Arefin, managing director of the bank, was present.