City Bank holds 37th AGM

Business Desk | Published: 23:10, Aug 13,2020


City Bank’s 37th annual general meeting was held on a virtual platform on Thursday, said a press release.

The bank’s chairman, Aziz Al Kaiser, presided over the meeting.

City Bank’s vice-chairman Hossain Khaled, directors Tabassum Kaiser, Savera H Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Rafiqul Islam Khan and Syeda Shaireen Aziz, independent directors Farooq Sobhan, Selim Mahmud, managing director and CEO Mashrur Arefin, additional managing director Sheikh Mohammad Maroof attended the meeting.

The audited financial statements of the Bank for the year ended December 31, 2019 were placed before the AGM.

Total assets of the bank as of December 31, 2019 stood at Tk 35,468.90 crore compared to Tk 32,478.03 crore of 2018 registering a growth by Tk 2,990.87 crore or 9.21 per cent.

Loans and advances of the bank stood at Tk 24,694.37 crore at the end of 2019, a growth of 6.72 per cent over Tk 23,139.15 crore at the end of 2018. The deposits grew by Tk 4,153.35 crore in 2019 from Tk 20,517.02 crore to Tk 24,670.37 crore showing a growth of 20.24 per cent in 2019.

Profit after tax stood at Tk 247.16 crore compared to Tk 201.79 crore in 2018.  

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