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| NRB Division Profile |
Mutual Trust
Bank Limited (MTB) is a private-commercial
bank, based in Dhaka, Bangladesh. It is
involved in full-service commercial banking
services, making its presence felt throughout
the nation, via a large branch network with
diversified products and services enabled
with state-of-the-art technology.
MTB was incorporated on October 24, 1999
and is sponsored by leading and highly reputed
entrepreneurs of the country. Over the past
decade, the bank has grown exponentially
in terms of the number of branches, as well
as overall customer base. The bank has forty-two
(42) branches, six (6) Small and Medium
Enterprise (SME) business and remittance
centers, as well as eight (8) dedicated
securities trading and brokerage branches,
spread across different districts of the
country. The bank also has approximately
BDT 9 billion funds (USD 129 million) under
management in the form of interest earning
assets, deposits, etc.
MTB provides banking services to a varied
clientele, having over 200,000 accounts.
It has a diversified array of products and
services including:
•Corporate Banking
• Institutional Banking
• Off-Shore Banking (awaiting license)
• Leasing
• Agricultural, SME & Women Entrepreneur
loans and services
• Primary Dealership in Government
Securities (awaiting license)
• Securities Trading & Brokerage
services
• Merchant Banking & Investment
Services (awaiting license)
• Consumer Banking
• Card Services
• Services for Non-Resident Bangladeshis
(NRBs)
Mutual Trust Bank's vision and culture is
based on a philosophy known as MTB3V. We
envision MTB to be:
• One of the Best Performing Banks
in Bangladesh
• The Bank of Choice
• A Truly World-class Bank
The essence of this philosophy is embedded
in all our activities. Through the deployment
of a highly motivated team of employees,
the usage of cutting-edge technology as
well as following a strict criterion of
only providing exemplary customer service,
we have been able to operate in a highly
socially responsible and profitable manner.
As of the past year, we have taken various
initiatives, so as to become a leader amongst
our peers. One such initiative has been
the establishment of a separate and focused
division for Non-Resident Bangladeshis (NRBs)
The NRB Division at MTB is the first focused
division, on such a magnitude, in any bank
in Bangladesh. It provides the Bangladeshi
Diaspora access to MTB products and services.
The main objectives of the Division are:
• To provide better, faster and convenient
services by taking innovative technology
to the doorsteps of the migrant families.
• To expand network to the migrant
localities
• Creation of awareness amongst migrant
communities to avoid using unofficial channels
(Hundi)
• Remittance services
• Access to home and personal loans
• Cards services
Every branch within the MTB Network has
a dedicated unit to provide the full range
of services to the NRB customers. Over the
past year, MTB has signed a number of agreements
with leading exchange houses in Qatar, U.A.E.
and Bahrain. This is in addition to arrangements
with existing exchange houses.
The Division plans to expand further by
setting up MTB Exchange Houses at prospective
locations such as Malaysia, Italy, the United
Kingdom, and the United States. MTB's NRB
Division is also the only private bank engaged
in the sale of Diaspora Bonds to expatriates.
Further information and all downloadable
forms can be accessed through the division's
website at www.mutualtrustbank.com/NRB
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