City Bank makes record profit of Tk1,018cr in 2024
City Bank reported a remarkable profit of Tk1,018 crore in 2024, which is 59% higher from the previous year and highest in its history.
Riding on the robust profit, it recommended 12.5% cash and 12.5% stock dividend to its shareholders for the last year, according to its price sensitive statement that was approved at the board meeting held Tuesday.
Its consolidated earnings per share was Tk7.53 in the last year, which was Tk4.74 in the previous year.
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To approve the dividend, the bank will conduct the annual general meeting on 19 June, and the record date is 22 May.
