City Bank’s profit declines in Q2

City Bank, a private commercial bank, recorded its consolidated earnings per share (EPS) at Tk 2.04 for the period of January to June, 2022, against that of Tk 2.16 during the same period last year.

The bank also reported Tk 2,172.18 million consolidated profit after tax from January to June 2022, which was Tk 2,307.30 million during the same period of last year.

The company recently disclosed the results in its quarterly earnings report virtually.

On solo basis, however, the bank’s profit after tax has increased by Tk 100 million in first six months of the year compared with the same period of last year, said a press release.

Last year’s Tk 1958 million reached Tk 2061 million in this year’s first half.

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

The event started with the presentation on Q2, 2022 financial performance of the bank by Md Mahbubur Rahman, AMD and chief financial officer of the bank, followed by a speech from Mashrur Arefin, managing director and CEO, who briefly discussed current strategies.

The bank attracted much attention from investment communities across the globe in recent years through its noticeable presence and growth among the PCBs and its initiatives. This event is part of the bank’s continuous efforts to scale up investor relations.