Tuesday, 30 November, 2021

City Bank profit jumps 2.56pc in Q3

  • Staff Correspondent
  • 27 October, 2021 12:00 AM
  • Print news

City Bank Limited witnessed 2.56 percent growth in its after-tax profit in the first nine months of 2021.

The bank’s profit increased by Tk 79 million during the January-September period of 2021 compared to the same period in the previous year.

The bank’s consolidated profit after tax (PAT) was Tk 3.165 billion, which was Tk 3.086 billion in the previous year.

The bank has disclosed the financial report at an earnings disclosure event over digital platform announcing in the capital on Tuesday.

The consolidated earnings per share (EPS) of the bank stood at Tk 2.97 in third quarter of 2021, which was Tk 2.89 during the same period in 2020.

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 discussed current strategic priorities.