City Bank PLC reports 162 percent net profit growth in Q1 2026 (31 March 2026), demonstrating sustained growth across key areas compared to the same period of the previous year.
The Bank’s profit after tax (PAT) stood at Tk241 crore, compared to Tk92 crore in Q1 2025, reads a press release.
This represents a growth of over 162 percent. Earnings per share (EPS) also increased to Tk1.6 from Tk0.6, reflecting enhanced shareholder value.
The Bank’s MD & CEO Mashrur Arefin was, however, cautious in expressing his happiness.
He said, ‘While I am happy with such a strong increase in profit, I am equally concerned about the sharp slowdown in credit growth in the first quarter.
The direction in which credit growth in our sector is heading is, quite frankly, a matter of great concern.’
Bank’s strong Q1 performance was primarily driven by solid growth in core banking income.
Interest income from loans rose by 14 percent, increasing from Tk1,143 crore to Tk1,306 crore.
Investment income also recorded robust growth, rising from Tk603 crore to Tk1,014 crore, contributing 32 percent of total operating income.
At the same time, fee and commission income increased by 27 percent, led by higher foreign exchange earnings, card-related fees, and trade commissions.
In Q1, the bank’s total income grew by more than 38 percent, reaching Tk1,338 crore. Expenses were well controlled at Tk595 crore, resulting in a notable improvement in the cost-to-income ratio, which declined to 44 percent from over 52 percent in the same period last year.
Operating profit rose sharply by more than 61 percent to Tk743 crore, up from Tk461 crore in the same period last year. Additionally, improved asset quality contributed to optimized provisioning levels, further supporting bottom-line growth.
