City
Bank is one of the oldest private Commercial Banks operating in
Bangladesh. It is a top bank among the oldest five Commercial Banks in
the country which started their operations in 1983. The Bank started its
journey on 27th March 1983 through opening its first branch at B. B.
Avenue Branch in the capital, Dhaka city. It was the visionary
entrepreneurship of around 13 local businessmen who braved the immense
uncertainties and risks with courage and zeal that made the
establishment & forward march of the bank possible. Those sponsor
directors commenced the journey with only Taka 3.4 crore worth of
Capital, which now is a respectable Taka 330.77 crore as capital &
reserve.
City Bank is among the
very few local banks which do not follow the traditional, decentralized,
geographically managed, branch based business or profit model. Instead
the bank manages its business and operation vertically from the head
office through 4 distinct business divisions namely
Corporate & Investment Banking;
Retail Banking (including Cards);
SME Banking; &
Treasury & Market Risks.
Under
a real-time online banking platform, these 4 business divisions are
supported at the back by a robust service delivery or operations setup
and also a smart IT Backbone. Such centralized business segment based
business & operating model ensure specialized treatment and services
to the bank's different customer segments.
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