City Bank’s EPS jumps 17pc

City Bank posted consolidated earnings per share of Tk 2.58 in the first three quarters of 2019, up 16.74 percent year-on-year.

Addressing an event organised yesterday for disclosing its earnings, Md Mahbubur Rahman, chief financial officer, made a presentation on the financial performance of the bank.

City Bank’s consolidated profit after tax was Tk 262.2 crore for January to September period. It was Tk 225 crore during the same nine-month period a year ago, said the official of the listed first generation private commercial bank at its head office in Dhaka. 

Mashrur Arefin, managing director and CEO, said the lender has been able to draw much attention from the investor community worldwide in recent years for its noticeable presence and growth in the private commercial banking industry in Bangladesh.

Existing and potential investors, researchers and analysts joined the event through web platforms.

The bank has attracted attention from investment communities across the globe in recent years. International Finance Corporation, the World Bank Group’s private sector arm, holds a 5 percent stake in City Bank.