Business Desk :
Board of Directors’ of the City Bank Limited approved 15 per cent cash dividend for its shareholders. This decision was taken at its 37th Annual General Meeting (AGM) held on Thursday through virtual platform. Aziz Al Kaiser, Chairman of the bank, presided over the meeting. Hossain Khaled, Vice Chairman, Tabassum Kaiser, Savera H. Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Rafiqul Islam Khan, Syeda Shaireen Aziz, directors, Farooq Sobhan, Dr. Selim Mahmud, Independent Directors, Mashrur Arefin, Managing Director, Sheikh Mohammad Maroof, Additional Managing Director and large number of shareholders and senior officials of the bank also attended the meeting on virtual platform, said a press release.
Chairman Aziz Al Kaiser mentioned the various challenges persisting in the banking sector due to covid-19 pandemic and the consistent attempts to overcome those. He expressed his gratitude and pride, pointing to how the Bank aims to use its strong foundations to invest in achieving sustainable growth in the years ahead.
The Audited Financial Statements for the bank for the year ended December 31, 2019 were placed before the AGM and a number of shareholders discussed the performance of the bank. The shareholders made various observations and suggestions on performance of the bank for the year 2019.
Total assets of the bank as of 31 December, 2019 stood at Taka 35,468.90 crore compared to Taka 32,478.03 crore of 2018 registering a growth by Taka 2,990.87 crore or 9.21 per cent. Loans and Advances of the bank stood at Taka 24,694.37 crore at the end of 2019, a growth of 6.72 per cent over Taka 23,139.15 crore at the end of 2018. The deposits grew by Taka 4,153.35 crore in 2019 from Taka 20,517.02 crore to Taka 24,670.37 crore showing a growth of 20.24 per cent In 2019. Profit after tax (PAT) stood at Taka 247.16 crore compared to Taka 201.79 crore in 2018. During the year under review, earnings per share, attributable to shareholders, was Taka 2.43 compared to Taka 1.99 during the previous year.
Board of Directors’ of the City Bank Limited approved 15 per cent cash dividend for its shareholders. This decision was taken at its 37th Annual General Meeting (AGM) held on Thursday through virtual platform. Aziz Al Kaiser, Chairman of the bank, presided over the meeting. Hossain Khaled, Vice Chairman, Tabassum Kaiser, Savera H. Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Rafiqul Islam Khan, Syeda Shaireen Aziz, directors, Farooq Sobhan, Dr. Selim Mahmud, Independent Directors, Mashrur Arefin, Managing Director, Sheikh Mohammad Maroof, Additional Managing Director and large number of shareholders and senior officials of the bank also attended the meeting on virtual platform, said a press release.
Chairman Aziz Al Kaiser mentioned the various challenges persisting in the banking sector due to covid-19 pandemic and the consistent attempts to overcome those. He expressed his gratitude and pride, pointing to how the Bank aims to use its strong foundations to invest in achieving sustainable growth in the years ahead.
The Audited Financial Statements for the bank for the year ended December 31, 2019 were placed before the AGM and a number of shareholders discussed the performance of the bank. The shareholders made various observations and suggestions on performance of the bank for the year 2019.
Total assets of the bank as of 31 December, 2019 stood at Taka 35,468.90 crore compared to Taka 32,478.03 crore of 2018 registering a growth by Taka 2,990.87 crore or 9.21 per cent. Loans and Advances of the bank stood at Taka 24,694.37 crore at the end of 2019, a growth of 6.72 per cent over Taka 23,139.15 crore at the end of 2018. The deposits grew by Taka 4,153.35 crore in 2019 from Taka 20,517.02 crore to Taka 24,670.37 crore showing a growth of 20.24 per cent In 2019. Profit after tax (PAT) stood at Taka 247.16 crore compared to Taka 201.79 crore in 2018. During the year under review, earnings per share, attributable to shareholders, was Taka 2.43 compared to Taka 1.99 during the previous year.
