City Bank’s earnings rise in Jan-Sep period

The City Bank has posted a slight hike in its earnings in the first nine months of the current year, comparing to that of the previous year.

The bank’s consolidated earnings per share stood at Tk 2.97 for the January-September period, against Tk 2.89 of the same period of the previous year.

It also reported Tk 316.5 crore consolidated profit after tax (PAT) during the January-September period, which was Tk 308.6 crore during the same period of last year.

The bank came up with the disclosure at a virtual event on Tuesday.
Existing and potential investors from across the globe, researchers, analysts and other individuals involved in capital market joined the event, said a
press release.

The event started with the presentation on the financial performance of the bank by Md Mahbubur Rahman, DMD and chief financial officer, followed by a speech from Mashrur Arefin, managing director and CEO of the bank, briefly discussing current strategic
priorities.