Company · Initiation · 31 Oct 2026
City Bank: bond income lifts ROE to 24%, fair value BDT 7–39
Fair value BDT 7–39 (base 18) against a price of 29.8. Net of funding cost, treasury earned 46% of FY2025 operating income; our sustainable ROE is 13% against the 19% the price implies.
We put fair value for City Bank PLC (DSE: CITYBANK) at BDT 7–39 a share, base 18 (probability-weighted 20.7), against a price of 29.8 on 29-Oct-2026. The latest filing we use is the half year to 30-Jun-2026. The Q3 2026 statements are not yet in…
Fair value ৳7–39 · price ৳29.80 (2026-10-29)