Business Desk :
The 39th Annual General Meeting (AGM) of City Bank was held on Sunday, June 12, 2022 through virtual platform. Aziz Al Kaiser, Chairman of the Bank, presided over the meeting. Vice Chairman Hossain Khaled; Directors: Tabassum Kaiser, Savera H. Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan, Independent Director Dr. Salim Mahmud, MD & CEO Mashrur Arefin, Additional MD & CFO Md. Mahbubur Rahman and large number of shareholders and the Bank’s senior officials also attended the meeting on virtual platform.
In his welcome speech, Chairman Aziz Al Kaiser mentioned the bank’s strategy, as manifested in the several transformation initiatives of the year 2021. This strategy is built on the pillars of financial inclusion and digital innovation. He informed that, Profit After Tax of the bank in 2021 increased by taka 73 crore or 18.2% from 2021 and stood at taka 474 crore. As a result, return on equity increased to 15.8% in 2021 from 14.8% in 2020.
