City Bank’s profit rises slightly in Q2

The City Bank Ltd posted a slightly higher profit in the second quarter of 2022. 

The consolidated earnings per share of the private commercial bank were Tk 1.21 in the April-June period, up from Tk 1.19 recorded in the same period last year, according to the un-audited financial statements.

The consolidated EPS, however, fell to Tk 2.04 in the first half of 2022 against Tk 2.16 registered in the same period of 2021.

The consolidated net operating cash flows, a measure of a firm's financial strength, was Tk 7.58 in the negative per share from January to June versus Tk 3.96 during the first half of 2021.

Shares of City Bank closed 0.91 per cent lower at Tk 21.80 on the Dhaka Stock Exchange yesterday.