Dhaka, Aug. 8 -- City Bank Ltd, one of the first generation PCBs faced challenges to grow its business during first half of year due to capping on lending rate amid the havoc like Covid-19.

However, having strong growth in loan by 18.4 per cent (Tk 45.48 billion) from December last year, City Bank's interest income decreased 2.8 per cent (Tk 360 million) to Tk 12.48 billion, when the new interest rate regulation imposed a 9.0 per cent cap on loans from April 1.

On the other hand, interest expenses on deposit in the same period of Tk 840.2 crore grew by 10.8 per cent (Tk 81.7 crore) over last year mainly due to growth in deposit volume (Tk2,822 cr from Dec'19), despite the bank's cost of deposit remaining on the same level of 5.5 per cen...