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Mutual Trust Bank Limited (MTB) approves 5% Stock & 5% Cash Dividend at its 21st AGM

The 21st Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on August 27, 2020 through digital platform. MTB Chairman, Md. Hedayetullah, presided over the meeting. MTB Directors, Syed Manzur Elahi, Dr. Arif Dowla, Rashed Ahmed Chowdhury, M. A. Rouf, JP, Md. Wakiluddin, Md. Abdul Malek, Anika Chowdhury, Herbert Ludwig Jaeger, Independent Director, Nasreen Sattar, Managing Director & CEO, Syed Mahbubur Rahman, CFO, Sayed Abul Hashem, Company Secretary, Malik Muntasir Reza and a large number of shareholders also attended the meeting.

In 2019, MTB earned a consolidated net profit after tax of BDT 1,338 million. Earnings Per Share (EPS) stood at BDT 2.03. The bank’s balance-sheet footing increased by 15.49%, as at the end of 2019, compared to the previous year. Deposits grew by 14.92%, Loans and Advances rose by 14.20%. The Capital Adequacy Ratio (CAR) stood at 12.91%. MTB has also expanded its network to 118 branches & 18 Sub branches, 310 ATMs including 6 Cash Recycler Booths, 18 Kiosks, 146 Agent Banking Centres, 3,305 Point of Sale (POS) devices including SMS, Internet Banking and 24/7 Contact Centre and 3 Airport Lounges.

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