city bank

Fantastic 5 banks surpassing Tk 2,000 crore in operating profit

In a year marked by financial uncertainty, five banks in Bangladesh have emerged as beacons of resilience and trust. Islami Bank, already a leader in the sector, has been joined by BRAC Bank, City Bank, Pubali Bank, and Dutch-Bangla Bank in reaching the coveted Tk 2,000 crore milestone in operating profit.
29 January 2025, 18:00 PM

City Bank data breach: Client financial statements sold on underground forums

In a recent cybersecurity breach, City Bank in Bangladesh has had sensitive client financial statements exposed and sold on underground hacking forums, according to a recent blog post by the Bangladesh Cyber Security Intelligence (BCSI).
6 January 2025, 08:54 AM

City Bank restructures salary to support employees amid inflation

Salaries will be increased a minimum of 10 percent and a maximum of 50 percent
10 December 2024, 12:16 PM

City Bank’s Q3 profit surges 41%

Robust investment gains and rising commissions led to a jump in profit
30 October 2024, 08:35 AM

City Bank Director Rubel Aziz to sell 34 lakh shares 

It is 11% of his total 3.08 crore shares in the bank
14 October 2024, 08:26 AM

City Bank’s Tk 85cr investment in Sea Pearl raises eyebrows

City Bank PLC is investigating how and why it spent about Tk 86 crore, or roughly one-third of its total market exposure, on purchasing shares of Sea Pearl Beach Resort and Spa Ltd in 2023, according to bank officials.
14 September 2024, 18:00 PM

Purchasing 4G, 5G smartphones made easier thru bKash

bKash, the leading mobile financial service (MFS) provider in Bangladesh, has joined hands with Grameenphone and City Bank to make 4G and 5G enabled smartphones more affordable for their clients.
10 September 2024, 13:50 PM

City Bank’s profit grows marginally in Q1 

City Bank registered a 2.7 percent year-on-year growth in profit to Tk 92.44 crore in January-March of 2024
15 May 2024, 09:01 AM

BASIC Bank officials ‘terrified’ by impending merger

As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.
17 April 2024, 00:14 AM

City Bank eyes takeover of BASIC Bank

State-owned and trouble-ridden BASIC Bank is expected to merge with City Bank — a development that comes less than a week after the government decided in principle to merge four state banks
8 April 2024, 10:16 AM

bKash now offers payments on credit through City Bank

Subject to eligibility, customers can instantly borrow Tk 500 to Tk 30,000 to directly buy a product or service. No interest will be imposed if the loan is repaid within seven days.
2 April 2024, 00:21 AM

City Bank and bKash launch ‘Pay-Later’ service

City Bank and bKash today jointly launched the new service “Pay-Later”, a special collateral-free digital nano loan that facilitates payments with interest-free funds through the bKash app
1 April 2024, 10:06 AM

Dhaka Makers 2: A four-day extravaganza celebrating local art and creativity

The second edition of Dhaka Makers, an independent arts and crafts festival that kicked off on February 1, 2024, at the Aloki Convention Center. Established as a vibrant platform for local, contemporary artists, the festival aims to showcase their work and foster connections within the creative community.
1 February 2024, 11:33 AM

City Bank gets $45 million Murabaha trade finance from ITFC

It is ITFC's highest trade finance extended to a commercial bank
6 January 2024, 11:20 AM

City Bank records 14% rise in profit

The bank posts Tk 378 crore profit in Jan-Sep of 2023
28 October 2023, 15:34 PM

Digital nano loans gaining popularity fast

Around 1.6 lakh customers have so far taken the loan
15 August 2023, 13:07 PM

City Bank to invest Tk 13.88cr in proposed digital bank

The City Bank Ltd is going to invest Tk 13.88 crore in a proposed digital bank as a sponsor shareholder
8 August 2023, 08:18 AM

Moody's cuts ratings for six local banks

They are Brac Bank, City, Dutch-Bangla, Eastern, NCC, Premier and Mercantile
31 May 2023, 14:10 PM

StanChart breaks record with Tk 1,655 crore profits

No bank in Bangladesh has ever made so much profit in a year
29 May 2023, 12:27 PM

City Bank makes Tk 88.84 crore profit in January-March quarter

The City Bank Ltd made a Tk 88.84 crore profit in the first quarter of the current financial year.
10 May 2023, 07:31 AM