Home ›› 13 Jun 2022 ›› Corporate
The 39th Annual General Meeting (AGM) of City Bank was held on Sunday through a virtual platform.
City Bank Chairman Aziz Al Kaiser presided over the meeting.
In his welcome speech, Chairman Aziz Al Kaiser mentioned the bank’s strategy, as manifested in the several transformation initiatives of the year 2021. This strategy is built on the pillars of financial inclusion and digital innovation.
He informed that the bank’s Profit After Tax in 2021 increased by Tk 73 crore or 18.2% from 2021 and stood at Tk 474 crores. As a result, return on equity increased to 15.8% in 2021 from 14.8% in 2020.
The Audited Financial Statements for the bank for the year ended December 31, 2021, were placed before the AGM, and a number of shareholders discussed the bank’s performance. The shareholders made various observations and suggestions on the bank’s performance for the year 2021.
Managing Director & CEO Mashrur Arefin talked in his speech about the growth trajectory of the bank, its core strategies and its need for higher capital adequacy to support that growth.
