Dhaka, April 29 -- City Bank recorded a consolidated net profit of Tk 10.14 billion in 2024, setting a new milestone in Bangladesh's banking sector. The profit was the highest in its 42-year history.

Although the bank, on a standalone basis, posted a net profit of Tk 10.85 billion, the consolidated profit declined to Tk 10.14 billion due to provisioning expenses against unrealised losses in the capital market investments by two of its subsidiary companies.

Last year, the consolidated net profit of the bank was Tk 6.38 billion. This marks a significant year-on-year growth of Tk 3.76 billion, or 59 per cent-a record growth figure for the bank.

This achievement is not just a milestone for City Bank alone but a historic moment for the enti...