City Bank has reported a 162 per cent increase in net profit for the first quarter of the current year compared with the same period a year earlier, according to a press release issued on Thursday.
The bank’s post-tax profit stood at Tk 241 crore, up from Tk 92 crore recorded in the first quarter of 2025. Earnings per share (EPS) also rose during the period, increasing from Tk 0.6 to Tk 1.6, reflecting the overall improvement in profitability.
The press release stated that the strong financial performance was largely driven by significant growth in core banking income. Interest income from loans increased by 14 per cent, rising from Tk 1,143 crore to Tk 1,306 crore. This growth indicates an expansion in income generated from lending activities during the quarter.
Investment income also registered a substantial rise. It increased from Tk 603 crore to Tk 1,014 crore, contributing 32 per cent of the bank’s total operating income. The higher contribution from investments highlights the role of non-lending income streams in supporting overall earnings during the period.
A comparison of key financial indicators is provided below:
| Indicator | Q1 Current Year | Q1 2025 | Change |
|---|---|---|---|
| Net Profit (Tk crore) | 241 | 92 | +162% |
| Earnings Per Share (Tk) | 1.6 | 0.6 | — |
| Interest Income from Loans (Tk cr) | 1,306 | 1,143 | +14% |
| Investment Income (Tk crore) | 1,014 | 603 | — |
Commenting on the results, Managing Director and Chief Executive Officer Masrur Arefin said that while the bank’s profit growth was encouraging, the decline in loan growth during the first quarter remained a concern.
“I am as pleased with the rate of profit growth as I am concerned about the sharp decline in loan growth in the first quarter. The direction in which loan growth in this sector is heading is a matter of real concern,” he said.
The bank’s first-quarter results reflect a combination of increased earnings from both lending and investment activities, although concerns over slower credit growth persist within the sector.