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.

The private commercial bank reported a similar profit in the January-March quarter of 2022 as well.

Thus, the consolidated earnings per share were Tk 0.74 in January-March of 2023, unchanged from the same three-month period of 2022, according to the unaudited financial statements.

The consolidated net operating cash flow per share plunged to a negative Tk 10.71 from a positive Tk 6.71.

Higher cash outflows for loan disbursements than cash inflows for acquiring deposits and borrowings resulted in the change in the NOCFPS during the period, said City Bank in a filing on the Dhaka Stock Exchange today.

Its consolidated net asset value per share improved to Tk 28.84 on March 31 from Tk 28.21 on December 31.