The 41st annual general meeting of City Bank was held on Thursday, on a virtual platform, said a press release issued by the bank.
Aziz Al Kaiser, the bank鈥檚 chairman, presided over the meeting.
Vice chairman Hossain Khaled, directors Rubel Aziz, Savera H. Mahmood, Hossain Mehmood, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan, independent directors Salim Mahmud, Matiul Islam Nowshad, MD and CEO Mashrur Arefin, company secretary Md Kafi Khan, along with a large number of shareholders and senior officials of the bank, attended the meeting.
In his welcome speech, Aziz Al Kaiser mentioned that the bank鈥檚 profit after tax, on a consolidated basis, reached a record high of Tk 638 crore in 2023, marking a 33.5 per cent growth over the 2022 PAT of Tk 478 crore.
He highlighted the bank鈥檚 CASA mix in its deposits, which has risen from 36 per cent about four years ago to 51 per cent in December 2023.
He also praised the popularity of the CityTouch digital banking app, which handled a total transaction volume of over Tk 60,000 crore last year.
The shareholders at the AGM made various observations and suggestions regarding the performance of the Bank.
Managing director and CEO Mashrur Arefin addressed all questions from the shareholders concerning the bank鈥檚 current and future prospects.
Following the Board of Directors鈥� recommendation, a 15pc cash and 10pc stock dividend were declared, which received approval from the shareholders.