Interest rate cap, pandemic battered City’s fortunes in 2020
প্রকাশিত: ০৭ আগস্ট ২০২০, ০০:০০
City Bank's profit tumbled 42 per cent in the first half of 2020 due to the new interest rate regime and disruption in business caused by the pandemic. The lender's profit after tax between January and June stood at Tk 106.8 crore, according to the bank's half-yearly report. "The decline in the profitability of the bank during this period is mostly caused by external,