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City Bank posts Tk 2,172.18m profit in Q2

  • Staff Correspondent
  • 1 August, 2022 12:00 AM
  • Print news

The City Bank Limited has reported Tk 2,172.18 million consolidated profit after tax from January to June in 2022 against Tk 2.16 during the same period last year.

The announcement came at its earnings disclosure web cast event based on Q2 in 2022 financial performances, said a press release.

The event was held on July 28 at 4:30pm over digital platform.

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.

Consolidated Earnings Per Share (EPS) of the bank was recorded at Tk 2.04 for the period from 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 during the period from January to June 2022, which was Tk 2,307.30 million during the same period of last year.

 In solo basis, however, the bank’s profit after tax has increased by Tk 100 million in first six months of the year compared with same period of last year. Last year’s Tk 1958 million reached Tk 2061 million in this year’s first half. 

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. After that, the event was opened for a Q&A session, where participants shared their concerns and queries which were responded by the management.

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.