City Bank declares its 3rd quarter 2022 financial performance

City bank held its earnings disclosure event over digital platform announcing its Q3, 2022 financial performance.

The event was held on 31 October at 4:00pm. Existing and potential investors across the globe, researchers and analysts, and many other individuals involved in capital market activities joined the event, said a press release.

Consolidated Earnings per Share (EPS) of the bank was recorded at Tk2.75 for the period from January to September 2022 against that of Tk2.77 during the same period of last year. The bank also reported Tk3,305.56 million Consolidated Profit after tax during the period from January to September 2022, which was Tk3,326.33 million (rearranged) during the same period of last year. 

The event started with the presentation on Q3, 2022 financial performance of the bank by Md Mahbubur Rahman, additional managing director and chief financial officer of the bank. Nurullah Chaudhury, deputy managing director and head of Corporate Banking, Mesbaul Asif Siddiqui, head of Credit Risk Management and Acting CRO, AKM Saif Ullah Kowchar, head of Internal Control and Compliance were also present in the event. The event was opened for a lively Q&A session, where participants shared their concerns and queries that were responded and clarified by the management of the bank accordingly.

According to the media release, the bank attracted much attention from investment communities across the globe in recent years through its noticeable presence and growth in the private commercial banking industry in Bangladesh. The event was organised to scale up investor relations, catering to the need of this community.