STAR BUSINESS REPORT

City Bank PLC generated a profit of Tk 91.94 crore in the first quarter of 2025, driven by a rise in investment income.

The bank’s consolidated earnings per share stood at Tk 0.68 in the January-March quarter, unchanged from the same period a year earlier, according to a disclosure on the Dhaka Stock Exchange (DSE) website.

The bank said its investment income helped offset a decline in net interest income and covered a rise in operational expenses.

Its consolidated net operating cash flow per share was Tk 10.59 in the three months.

It was Tk 10.61 a year ago.

The lender attributed the drop in operating cash flow to a rise in outflows for loan disbursement and other assets, compared to inflows from deposits and borrowings during the quarter.

As of March 31, 2025, the bank’s net asset value (NAV) had increased from that at the end of 2024, supported by the quarterly net profit and a rise in unrealised gains on government securities.

According to DSE data, 30.34 percent of the bank’s shares were held by sponsors and directors, 20.36 percent by institutions, 5.77 percent by foreign investors, and 43.53 percent by the general public.