City Bank Director Rubel Aziz to sell 34 lakh shares
He will sell the shares in the public market of the DSE within 31 October
City Bank Director Rubel Aziz has expressed his intention to sell 34 lakh shares from his holdings in the bank at the prevailing market price.
He made the announcement through a disclosure published on the Dhaka Stock Exchange (DSE) website today (14 October).
According to the disclosure, Rubel Aziz holds more than 3.08 crore shares of City Bank. Out of his holdings, Rubel will sell 34 lakh shares in the public market of the DSE within 31 October.
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On the day, City Bank shares traded at Tk22.50.
City Bank's consolidated net profit for the first half of 2024 increased by 5% to Tk250 crore compared to the same period last year.
According to the price-sensitive information of the private sector lender, its consolidated earnings per share (EPS) for the January-June period was Tk1.85, up from Tk1.76 a year ago.
As of 30 June, the bank's consolidated net asset value per share stood at Tk28.12, and the consolidated net operating cash flow per share was Tk2.88.
In the April-June quarter, its consolidated net profit was Tk157 crore, marking a 6% growth from the same period the previous year.
During this quarter, the consolidated EPS was Tk1.17, up from Tk1.10 a year ago.
The bank has declared a 15% cash dividend and a 10% stock dividend for the financial year ending 31 December 2023.
Last year, its net profit was Tk638 crore, a 33% increase from the previous year.
