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Native name | সিটি ব্যাংক পিএলসি |
|---|---|
| Formerly | The City Bank Limited |
| Company type | Public Limited Company |
| DSE: CITYBANK | |
| ISIN | BD0102CTBNK5 |
| Industry | Banking,financial services |
| Founded | 28 March 1983; 41 years ago (1983-03-28) |
| Founder | Monowar Ali, Ibrahim Mia (Late), Abdul Hadi (Late),M.A. Hashem (Late), Anwar Hossain, Abdul Barik Choudhury (Late), Deen Mohammad, A.B.M. Feroz, Md. Ali Hossain, Azizul Haque Chowdhury, N.A. Chowdhury (Late) |
| Headquarters | City Bank Center, 28, Gulshan Avenue, Gulshan 1, 1212,, Bangladesh |
Number of locations | 164 (2025)[1] |
Area served | Bangladesh |
Key people | Aziz Al Kaiser (Chairman)Mashrur Arefin (CEO)[2] |
| Products | Retail banking,corporate banking,investment banking,mortgage loans,private banking,wealth management,credit cards,finance and insurance |
| Revenue |  24.58 billions (2022) |
| 11.82 billions (2022) | |
| 45.07 billions (2022) | |
| Total assets | 506.84 billions (2022) |
Number of employees | 4,866[1] (2022) |
| Website | citybankplc |
City Bank PLC is a Bangladeshi private commercial bank headquartered inDhaka.[3] The bank provides products and services in retail banking, corporate finance,SME finance, digital banking, asset management, equity brokerage, andsecurities. It has 134 branches and 47 sub branches.[1] The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee ofAmerican Express Cards in Bangladesh.[4]
The bank is a real-time online bank, having its branches, SME/Agri branches spread across Bangladesh along with a full-fledged Islami Banking branch. The managing director and CEO of the bank isMashrur Arefin.[5] City Bank has gone international establishing 10 branches and 1 representative office in Malaysia in 2013 and one subsidiary office in Hong Kong in 2019.International Finance Corporation solely has invested BDT 1.31 billion, attaining a 5% share of City Bank.[6]
It is a first-generation private commercial bank and it is one of the oldest commercial banks in the country. Then known as "City Bank PLC", its operations were started on 28 March 1983 by 12 local businessmen of the country. Those directors commenced the journey with only BDT 34 million worth of Capital, which now is a respectable BDT 3.3 billion as capital & reserve.[7][8][9] Deen Mohammad, chairman of Phoenix Group, was the founder of City Bank.[10]
City Bank PLC opened its first branch in the B. B. Avenue Branch in Dhaka. In 1986, City Bank PLC was listed on theDhaka Stock Exchange and in 1995, it was listed onChittagong Stock Exchange.[11][12]
On its 25th anniversary in 2008, City Bank PLC revamped its image and services. This includes the launch of a new logo, launchedAmerican Express.[13] credit cards, brokerage business, and City Wallet (SMS Banking) service. The name of the bank was simplified to "City Bank PLC" from its earlier "The City Bank Limited". The new logo, depicting a red and white checkered box kite, was launched in July 2008.[14][15]
Sohail RK Hussain was appointed managing director of City Bank in November 2013.[16]
The International Finance Corporation purchased a five percent stake in City Bank for 1.31 billion BDT in February 2016.[17] In December 2017, City Bank raised US$26 million for Doreen Power, a subsidiary ofDoreen Group, to construct a powerplant inMunshiganj District.[18]
City Bank became the third bank in Bangladesh to offerUnionPay debit cards in August 2020.[19]
In July 2021,CDC Group provided a US$30 million loan to City Bank.[20]
Since the new offshore banking law was passed in March 2024, City Bank has managed to build offshore deposits of nearly US$21 million within two months. It is the first bank in Bangladesh to receive foreign currency deposits through its Offshore Banking products.[21]
| Name | Position | Reference |
|---|---|---|
| Aziz Al Kaiser | Chairman | [22] |
| Hossain Khaled | Vice-chairman | [22] |
| Rubel Aziz | Director | [22] |
| Hossain Mehmood | Director | [22] |
| Rajibul Huq Chowdhury | Director | [22] |
| Syeda Shaireen Aziz | Director | [22] |
| Savera H Mahmood | Director | [22] |
| Salim Mahmud | Independent director | [22] |
| Rebecca Bronson | IFC Nominated Director | [22] |
| Matiul Islam Nowshad | Independent director | [22] |
| Mashrur Arefin | CEO and managing director | [22] |
The following awards were received by the bank:
2023
ITFC Trade Finance Deal of the Year Award 2023[1][2]
2022
2021
2020
2019
2018
