{"id":587,"date":"2025-01-14T17:14:52","date_gmt":"2025-01-14T17:14:52","guid":{"rendered":"https:\/\/www.reflectionnewsbd.com\/?p=587"},"modified":"2025-01-14T17:14:52","modified_gmt":"2025-01-14T17:14:52","slug":"city-bank-reappoints-mashrur-arefin-as-md","status":"publish","type":"post","link":"https:\/\/www.reflectionnewsbd.com\/?p=587","title":{"rendered":"City Bank reappoints Mashrur Arefin as MD"},"content":{"rendered":"<div align=\"justify\">RN Desk: Mashrur Arefin has been reappointed as the Managing Director and CEO of City Bank for the next three years.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Following the approval of the bank\u2019s board of directors, Bangladesh Bank approved reappointment on Monday. This was announced in a press release of the bank, quoting its chairman Aziz Al Kaiser.<\/div>\n<div class=\"google-auto-placed ap_container\"><ins class=\"adsbygoogle adsbygoogle-noablate\" data-ad-format=\"auto\" data-ad-client=\"ca-pub-7356642093402233\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_2_host\"><iframe loading=\"lazy\" id=\"aswift_2\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7356642093402233&amp;output=html&amp;h=280&amp;adk=2251955789&amp;adf=683095850&amp;pi=t.aa~a.3355207514~i.5~rp.4&amp;w=617&amp;abgtt=9&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1736874763&amp;num_ads=1&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=3488165507&amp;ad_type=text_image&amp;format=617x280&amp;url=https%3A%2F%2Fdailyasianage.com%2Fnews%2F333053%2Fcity-bank-reappoints--mashrur-arefin-as-md&amp;fwr=0&amp;pra=3&amp;rh=154&amp;rw=616&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;fa=27&amp;uach=WyJXaW5kb3dzIiwiMC4xLjAiLCJ4ODYiLCIiLCIxMDkuMC41NDE0LjEyMCIsbnVsbCwwLG51bGwsIjMyIixbWyJOb3RfQSBCcmFuZCIsIjk5LjAuMC4wIl0sWyJHb29nbGUgQ2hyb21lIiwiMTA5LjAuNTQxNC4xMjAiXSxbIkNocm9taXVtIiwiMTA5LjAuNTQxNC4xMjAiXV0sMF0.&amp;dt=1736874763432&amp;bpp=3&amp;bdt=2006&amp;idt=-M&amp;shv=r20250109&amp;mjsv=m202501090101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D860d8431736a214a%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MYA0XyHNo9IZTYdplCftCWQW8FQog&amp;gpic=UID%3D00000eb7cd0c4afa%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MbEz3ZMKt8nXR2AbfOOjh9jexaJBA&amp;eo_id_str=ID%3D93ae48f42dcbf147%3AT%3D1723002033%3ART%3D1736874742%3AS%3DAA-AfjYd0ZCrC5HSh_DuY3gDJX0B&amp;prev_fmts=0x0%2C940x280&amp;nras=3&amp;correlator=7560503945648&amp;frm=20&amp;pv=1&amp;u_tz=360&amp;u_his=3&amp;u_h=615&amp;u_w=1088&amp;u_ah=615&amp;u_aw=1027&amp;u_cd=24&amp;u_sd=1&amp;dmc=2&amp;adx=161&amp;ady=1028&amp;biw=1263&amp;bih=680&amp;scr_x=0&amp;scr_y=0&amp;eid=95350243%2C95347169%2C95347432%2C95348348%2C31061690&amp;oid=2&amp;pvsid=3541791124460703&amp;tmod=1623596121&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fdailyasianage.com%2Fnews-category%2F6%2FBusiness&amp;fc=1408&amp;brdim=0%2C0%2C0%2C0%2C1027%2C0%2C1027%2C615%2C1284%2C680&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=0.8&amp;psd=W251bGwsbnVsbCxudWxsLDNd&amp;ifi=3&amp;uci=a!3&amp;btvi=1&amp;fsb=1&amp;dtd=228\" name=\"aswift_2\" width=\"617\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!3\" aria-label=\"Advertisement\" data-google-query-id=\"CImssNna9YoDFdxGnQkdwCIyaA\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Mashrur Arefin first assumed the role of MD &amp; CEO in January 2019.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Over the past six years, he has steered the bank to unprecedented heights, according to the press release. During his tenure, the bank\u2019s annual income surged from Tk1,595 crore to nearly Tk4,000 crore, while its operating profit grew from Tk668 crore to Tk2,287 crore in 2024, as per the bank\u2019s unaudited financial report.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">This milestone marked the proud entry of City Bank as one of the very few local banks into the exclusive Tk2,000 crore profit club.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">In the same period, the bank\u2019s income-expense ratio improved significantly, dropping from 58.1% to 42.1%; and its foreign trade volume grew from $3.6 billion to $7.02 billion annually.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Meanwhile, deposits rose from Tk21,000 crore to Tk52,000 crore, and the loan portfolio expanded from Tk23,000 crore to Tk45,000 crore.<\/div>\n<div class=\"google-auto-placed ap_container\"><ins class=\"adsbygoogle adsbygoogle-noablate\" data-ad-format=\"auto\" data-ad-client=\"ca-pub-7356642093402233\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_3_host\"><iframe loading=\"lazy\" id=\"aswift_3\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7356642093402233&amp;output=html&amp;h=280&amp;adk=2251955789&amp;adf=3678238808&amp;pi=t.aa~a.3355207514~i.15~rp.4&amp;w=617&amp;abgtt=9&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1736874763&amp;num_ads=1&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=3488165507&amp;ad_type=text_image&amp;format=617x280&amp;url=https%3A%2F%2Fdailyasianage.com%2Fnews%2F333053%2Fcity-bank-reappoints--mashrur-arefin-as-md&amp;fwr=0&amp;pra=3&amp;rh=154&amp;rw=616&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;fa=27&amp;uach=WyJXaW5kb3dzIiwiMC4xLjAiLCJ4ODYiLCIiLCIxMDkuMC41NDE0LjEyMCIsbnVsbCwwLG51bGwsIjMyIixbWyJOb3RfQSBCcmFuZCIsIjk5LjAuMC4wIl0sWyJHb29nbGUgQ2hyb21lIiwiMTA5LjAuNTQxNC4xMjAiXSxbIkNocm9taXVtIiwiMTA5LjAuNTQxNC4xMjAiXV0sMF0.&amp;dt=1736874763432&amp;bpp=1&amp;bdt=2006&amp;idt=-M&amp;shv=r20250109&amp;mjsv=m202501090101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D860d8431736a214a%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MYA0XyHNo9IZTYdplCftCWQW8FQog&amp;gpic=UID%3D00000eb7cd0c4afa%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MbEz3ZMKt8nXR2AbfOOjh9jexaJBA&amp;eo_id_str=ID%3D93ae48f42dcbf147%3AT%3D1723002033%3ART%3D1736874742%3AS%3DAA-AfjYd0ZCrC5HSh_DuY3gDJX0B&amp;prev_fmts=0x0%2C940x280%2C617x280&amp;nras=4&amp;correlator=7560503945648&amp;frm=20&amp;pv=1&amp;u_tz=360&amp;u_his=3&amp;u_h=615&amp;u_w=1088&amp;u_ah=615&amp;u_aw=1027&amp;u_cd=24&amp;u_sd=1&amp;dmc=2&amp;adx=161&amp;ady=1743&amp;biw=1263&amp;bih=680&amp;scr_x=0&amp;scr_y=0&amp;eid=95350243%2C95347169%2C95347432%2C95348348%2C31061690&amp;oid=2&amp;pvsid=3541791124460703&amp;tmod=1623596121&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fdailyasianage.com%2Fnews-category%2F6%2FBusiness&amp;fc=1408&amp;brdim=0%2C0%2C0%2C0%2C1027%2C0%2C1027%2C615%2C1284%2C680&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=0.8&amp;psd=W251bGwsbnVsbCxudWxsLDNd&amp;ifi=4&amp;uci=a!4&amp;btvi=2&amp;fsb=1&amp;dtd=249\" name=\"aswift_3\" width=\"617\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!4\" aria-label=\"Advertisement\" data-google-query-id=\"CObPsdna9YoDFdpGnQkdMhcCCA\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">The bank also made significant progress in asset quality, reducing its bad loan ratio from 5.3% in 2018 to 3.6% in 2023, while increasing the provision coverage ratio against classified loans from 72.7% to 122%.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Under Mashrur\u2019s leadership, the bank has transitioned from an urban-centric financial institution to a bank for the masses, with financial inclusion being its core agenda. He spearheaded the launch of several initiatives including digital nano loans, agent banking, small and microfinance business, and City Alo women banking.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">He also played a pivotal role in popularizing the Citytouch digital banking platform, which facilitated transactions exceeding Tk100,000 crore in 2024.<\/p>\n<p>Mashrur Arefin began his banking career in 1995 as a management trainee at ANZ Grindlays Bank.<\/p><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">Over his 30-year career, he has held key positions at prominent institutions including ANZ Bank Melbourne, Standard Chartered Bank Qatar, Citibank NA, American Express Bank, Brac Bank, and Eastern Bank.<\/div>\n<div class=\"google-auto-placed ap_container\"><ins class=\"adsbygoogle adsbygoogle-noablate\" data-ad-format=\"auto\" data-ad-client=\"ca-pub-7356642093402233\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_4_host\"><iframe loading=\"lazy\" id=\"aswift_4\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7356642093402233&amp;output=html&amp;h=280&amp;adk=2251955789&amp;adf=2462331061&amp;pi=t.aa~a.3355207514~i.23~rp.4&amp;w=617&amp;abgtt=9&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1736874763&amp;num_ads=1&amp;rafmt=1&amp;armr=3&amp;sem=mc&amp;pwprc=3488165507&amp;ad_type=text_image&amp;format=617x280&amp;url=https%3A%2F%2Fdailyasianage.com%2Fnews%2F333053%2Fcity-bank-reappoints--mashrur-arefin-as-md&amp;fwr=0&amp;pra=3&amp;rh=154&amp;rw=616&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;fa=27&amp;uach=WyJXaW5kb3dzIiwiMC4xLjAiLCJ4ODYiLCIiLCIxMDkuMC41NDE0LjEyMCIsbnVsbCwwLG51bGwsIjMyIixbWyJOb3RfQSBCcmFuZCIsIjk5LjAuMC4wIl0sWyJHb29nbGUgQ2hyb21lIiwiMTA5LjAuNTQxNC4xMjAiXSxbIkNocm9taXVtIiwiMTA5LjAuNTQxNC4xMjAiXV0sMF0.&amp;dt=1736874763432&amp;bpp=2&amp;bdt=2006&amp;idt=2&amp;shv=r20250109&amp;mjsv=m202501090101&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3D860d8431736a214a%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MYA0XyHNo9IZTYdplCftCWQW8FQog&amp;gpic=UID%3D00000eb7cd0c4afa%3AT%3D1723002033%3ART%3D1736874742%3AS%3DALNI_MbEz3ZMKt8nXR2AbfOOjh9jexaJBA&amp;eo_id_str=ID%3D93ae48f42dcbf147%3AT%3D1723002033%3ART%3D1736874742%3AS%3DAA-AfjYd0ZCrC5HSh_DuY3gDJX0B&amp;prev_fmts=0x0%2C940x280%2C617x280%2C617x280&amp;nras=5&amp;correlator=7560503945648&amp;frm=20&amp;pv=1&amp;u_tz=360&amp;u_his=3&amp;u_h=615&amp;u_w=1088&amp;u_ah=615&amp;u_aw=1027&amp;u_cd=24&amp;u_sd=1&amp;dmc=2&amp;adx=161&amp;ady=2509&amp;biw=1263&amp;bih=680&amp;scr_x=0&amp;scr_y=0&amp;eid=95350243%2C95347169%2C95347432%2C95348348%2C31061690&amp;oid=2&amp;pvsid=3541791124460703&amp;tmod=1623596121&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fdailyasianage.com%2Fnews-category%2F6%2FBusiness&amp;fc=1408&amp;brdim=0%2C0%2C0%2C0%2C1027%2C0%2C1027%2C615%2C1284%2C680&amp;vis=1&amp;rsz=%7C%7Cs%7C&amp;abl=NS&amp;fu=128&amp;bc=31&amp;bz=0.8&amp;psd=W251bGwsbnVsbCxudWxsLDNd&amp;ifi=5&amp;uci=a!5&amp;btvi=3&amp;fsb=1&amp;dtd=268\" name=\"aswift_4\" width=\"617\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!5\" aria-label=\"Advertisement\" data-google-query-id=\"CJnkstna9YoDFdNGnQkdm8A1yA\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">A former cadet of Barisal Cadet College, Mashrur is a graduate of Aligarh Muslim University, holds a Master\u2019s in English from Dhaka University, and earned an MBA from Victoria University in Melbourne.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\">He later completed an intensive course in advanced financial management at Insead Business School in France.<br \/>\nBeyond his accomplishments as a banker, he is also renowned as a distinguished novelist, poet, and translator.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>RN Desk: Mashrur Arefin has been reappointed as the Managing Director and CEO of City Bank for the next three years. Following the approval of the bank\u2019s board of directors, Bangladesh Bank approved reappointment on Monday. This was announced in a press release of the bank, quoting its chairman Aziz Al Kaiser. Mashrur Arefin first [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,5,3],"tags":[],"class_list":["post-587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks-finance","category-business","category-national"],"_links":{"self":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=587"}],"version-history":[{"count":1,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/587\/revisions"}],"predecessor-version":[{"id":589,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/posts\/587\/revisions\/589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=\/wp\/v2\/media\/588"}],"wp:attachment":[{"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reflectionnewsbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}