City Bank holds 42nd AGM, declares 25% dividend

City Bank held its 42nd Annual General Meeting (AGM) on 29 June 2025 via a virtual platform. The meeting was presided over by the bank's Chairman, Aziz Al Kaiser.

Vice Chairman Hossain Khaled; Directors Rubel Aziz, Savera H Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan; Independent Director Matiul Islam Nowshad; Managing Director & CEO Mashrur Arefin; Company Secretary Md Kafi Khan; along with a large number of shareholders and senior officials of the bank were present.

In his welcome address, Chairman Aziz Al Kaiser shared that City Bank achieved a record after-tax profit (PAT) of Tk1,014 crore on a consolidated basis in 2024—marking a 58.9% increase from Tk638 crore in 2023. He also noted that the bank's CASA (Current and Savings Account) mix improved from 42% to 45% over the past four years, reflecting a strengthened deposit structure.

"City Bank has once again demonstrated resilience and agility in a challenging economic environment. I extend my sincere thanks to our shareholders, customers, regulators, and employees for their unwavering support," said Kaiser.

The AGM saw active participation from shareholders, who shared feedback and observations on the bank's performance. Managing Director & CEO Mashrur Arefin addressed their queries and highlighted the bank's strategic direction.

"In 2024, we focused on sustainable and inclusive growth," Arefin stated. "We launched several digital-first initiatives, diversified our retail and SME portfolios, and ensured robust asset quality. We enter 2025 with a clear roadmap for expansion, innovation, and deeper customer engagement."

Following the recommendation of the Board of Directors, shareholders approved a 25% dividend—comprising a 12.5% cash and 12.5% stock dividend.

City Bank continues to reinforce its position as a forward-looking financial institution driven by strong fundamentals, digital innovation, and customer-centric strategies.