City Bank declares 15% cash and 15% stock dividend at AGM
City Bank has announced a record dividend payout after reporting its highest-ever annual profit, with shareholders at the 43rd Annual General Meeting (AGM) approving a 15% cash and 15% stock dividend on 7 June 2026.
The AGM was conducted virtually, following the recommendation of the Board of Directors.
Chairman Hossain Khaled presided over the AGM.
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The meeting was attended by Vice Chairman Rubel Aziz; Directors Aziz Al Kaiser, Rajibul Huq Chowdhury, Syeda Shaireen Aziz, Rebecca Brosnan and Syed Raihan Hasan Ali; Independent Directors Matiul Islam Nowshad and Nazimuddin Chowdhury; Managing Director and CEO Mashrur Arefin; Company Secretary Md Kafi Khan; as well as numerous shareholders and senior officials.
In his welcome address, Hossain Khaled reported that the bank's consolidated profit after tax surged to Tk1,324 crore in 2025, a 31% increase year-on-year.
He also underscored a 23% year-on-year rise in deposits, which reached Tk63,170 crore by year-end 2025.
"Despite global and domestic uncertainties, City Bank demonstrated resilience through disciplined governance, prudent risk management and a long-term strategic focus. We strengthened our balance sheet, accelerated digital transformation and supported businesses and communities nationwide. Our commitment remains to deliver sustainable growth, uphold customer trust and drive Bangladesh's economic progress," he said.
Shareholders provided feedback and recommendations regarding the bank's performance.
Managing Director and CEO Mashrur Arefin responded to questions about the bank's current standing and future outlook.
He stated that the bank achieved record financial results in 2025, attributing the growth to disciplined strategy, robust customer trust and sustained business momentum.
He emphasised City Bank's focus on accelerating digital transformation, deepening customer engagement and delivering sustainable value through responsible banking.
With macroeconomic conditions improving and business confidence returning, he said the bank is well positioned to sustain growth and contribute to Bangladesh's evolving financial sector.
Following the Board of Directors' recommendation, shareholders approved a 15% cash and 15% stock dividend at the AGM.
