The City Bank

The City Bank Limited
Type	Public Limited Company
Traded as	CITYBANK
ISIN	BD0102CTBNK5
Industry	Banking, financial services
Founded	28 March 1983; 38 years ago
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	136 Gulshan Avenue, Circle 2, Gulshan, Dhaka, Bangladesh
Number of locations	132 (2021)[citation needed]
Area served	Bangladesh
Key people	(Chairman) Mashrur Arefin (CEO)
Products	Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Revenue	(2019)
Operating income	(2020)
Net income	(2020)
Total assets	(2020)
Number of employees	4,356[citation needed] (2021)
Website	thecitybank.com

The City Bank Limited is a Bangladeshi private commercial bank headquartered in Dhaka.^[2]

The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security. It has 132 branches.^[3] The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh. The bank is responsible for all operations supporting the issuing of the new credit cards, including billing and accounting, customer service, credit management, and charge authorizations, as well as marketing for American 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 & CEO of the bank is Mashrur Arefin.^[5]

History[]

It is a first-generation private commercial bank and it is one of the oldest commercial banks in the country. Then known as "The City Bank Limited", 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. ^[6] ^[7]^[8] The City Bank Limited opened its first branch in B. B. Avenue Branch in Dhaka. In 1986, The City Bank Limited was listed on the Dhaka Stock Exchange and in 1995 it was listed on Chittagong Stock Exchange.^[9]^[10] 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. ^[11]

On the 25th Anniversary in 2008, The City Bank Limited revamped its image and services. This includes the launch of a new logo, launched American Express credit cards, brokerage business, and City Wallet (SMS Banking) service. The name of the bank was simplified to "City Bank" from its earlier "The City Bank Limited". The new logo, depicting a red and white checkered box kite, was launched in July 2008.^[12]

Awards[]

The following awards were received by the bank:

Best Bank in Bangladesh – 2018 FinanceAsia Country Awards for Achievement^[13]
Best Investment Bank in Bangladesh – 2018 FinanceAsia Country Awards for Achievement^[13]
Best Consumer Digital Bank in Bangladesh 2018 – Global Finance^[14]
Best Bank for Premium Services 2018 by Asiamoney^[15]

References[]

^ "Management Committee". The City Bank Limited. Retrieved 11 November 2020.
^ "Banks". Bangladesh Bank. Retrieved 22 November 2020.
^ "Who We are". The City Bank Limited. Retrieved 22 December 2020.
^ "City Bank and American Express celebrates 10 years in Bangladesh". The City Bank Limited. Retrieved 19 November 2020.
^ "Management Committee". The City Bank Limited. Retrieved 19 November 2020.
^ "The City Bank Limited". Bangladesh Institute of Bank Management. Retrieved 22 December 2020.
^ "City Bank :: making sense of money". The City Bank. Retrieved 30 September 2015.
^ "City Bank Limited, The". Banglapedia. Retrieved 8 May 2016.
^ "BSEC approves City Bank's Tk300 crore bond". Dhaka Tribune. Retrieved 22 December 2020.
^ "THE CITY BANK LIMITED". Chittagong Stock Exchange. Retrieved 22 December 2020.
^ "BB allows City Bank to sell 5pc shares to International Finance Corporation". New Age. Retrieved 22 December 2020.
^ "The City Bank Ltd". The City Bank. Retrieved 30 September 2015.
^ Jump up to: ^a ^b "City Bank receives FinanceAsia Best Bank & Best Investment Bank award". Prothom Alo. 12 August 2018. Retrieved 22 December 2020.
^ "City Bank again named 'Best Consumer Digital Bank in Bangladesh 2018'". The Financial Express. 1 December 2018. Retrieved 22 December 2020.
^ "City Bank wins Asiamoney 'Best Bank for Premium Services' award again". Prothom Alo. 31 March 2019. Retrieved 22 December 2020.

External links[]

Official website

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[1] "Management Committee". The City Bank Limited. Retrieved 11 November 2020.

[2] "Banks". Bangladesh Bank. Retrieved 22 November 2020.

[3] "Who We are". The City Bank Limited. Retrieved 22 December 2020.

[4] "City Bank and American Express celebrates 10 years in Bangladesh". The City Bank Limited. Retrieved 19 November 2020.

[5] "Management Committee". The City Bank Limited. Retrieved 19 November 2020.

[6] "The City Bank Limited". Bangladesh Institute of Bank Management. Retrieved 22 December 2020.

[7] "City Bank :: making sense of money". The City Bank. Retrieved 30 September 2015.

[8] "City Bank Limited, The". Banglapedia. Retrieved 8 May 2016.

[9] "BSEC approves City Bank's Tk300 crore bond". Dhaka Tribune. Retrieved 22 December 2020.

[10] "THE CITY BANK LIMITED". Chittagong Stock Exchange. Retrieved 22 December 2020.

[11] "BB allows City Bank to sell 5pc shares to International Finance Corporation". New Age. Retrieved 22 December 2020.

[12] "The City Bank Ltd". The City Bank. Retrieved 30 September 2015.

[pa12Aug2018-13] Jump up to: ^a ^b "City Bank receives FinanceAsia Best Bank & Best Investment Bank award". Prothom Alo. 12 August 2018. Retrieved 22 December 2020.

[14] "City Bank again named 'Best Consumer Digital Bank in Bangladesh 2018'". The Financial Express. 1 December 2018. Retrieved 22 December 2020.

[15] "City Bank wins Asiamoney 'Best Bank for Premium Services' award again". Prothom Alo. 31 March 2019. Retrieved 22 December 2020.

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hide v t List of banks in Bangladesh
Central bank	Bangladesh Bank
State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank Bangladesh Development Bank Ltd BASIC Bank Limited
Private commercial banks	AB Bank Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Community Bank Bangladesh Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank NRB Bank One Bank Limited Padma Bank Limited Premier Bank Limited Prime Bank Limited Pubali Bank Limited Shimanto Bank South Bangla Agriculture and Commerce Bank Limited Southeast Bank Limited Standard Bank Limited The City Bank Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited
Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited Islami Bank Bangladesh Ltd Shahjalal Islami Bank Limited Social Islami Bank Limited Union Bank Limited
Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank
Specialized banks	Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Probashi Kallyan Bank
Non-scheduled banks	Grameen Bank Karmasangsthan Bank Ansar-VDP Unnayan Bank Jubilee Bank Palli Sanchay Bank
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