City Bank (CITYBANK) Q1 2026 earnings summary

Executive summary

• Q1 2026 consolidated profit after tax rose 161.5% YoY to BDT 2,408mn; operating profit increased 61.1% to BDT 7,426mn.

• FY25 consolidated profit after tax reached a record BDT 13,242mn, up 31% YoY; solo PAT was BDT 13,059mn.

Financial highlights

• Q1 consolidated operating income rose 38.3% YoY to BDT 13,380mn; operating expenses increased 17.6% to BDT 5,955mn.

• Q1 net interest income fell 60.4% YoY to BDT 628mn as interest expense grew 13.9%, outpacing 4.6% growth in interest income.

• Q1 investment income rose 68.1% to BDT 10,148mn; commission, exchange and brokerage income grew 31.2% to BDT 2,530mn.

• FY25 consolidated revenue grew 19.7% to BDT 48,881mn; operating profit rose 16.0% to BDT 27,272mn.

• Q1 consolidated profit before tax was BDT 4,890mn versus BDT 2,001mn; total provisions were BDT 2,535mn versus BDT 2,609mn.

Outlook and guidance

• Management expects stronger corporate lending from Q2 as government budgets and development projects advance; retail, microfinance and nano-lending growth is already strong.

• FY26 trade-volume target is $10bn, following $8.02bn; planned growth areas include digital nano-loans and retail lending.

• A digital bank launch was targeted within three months of the event, with plans to compete in digital financial services.

• Provision coverage is planned to remain above 100% in the foreseeable future; Q1 coverage was 126.0%.