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MUTUAL TRUST BANK LTD. (MTB) APPROVES 12.50% STOCK DIVIDEND AT ITS 19TH AGM

The 19th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on May 31, 2018 at the Army Golf Club, Dhaka. MTB Chairman M. A. Rouf, JP, presided over the meeting. MTB Vice Chairman, Md. Hedayetullah, Directors, Syed Manzur Elahi, Rashed A. Chowdhury, Dr. Arif Dowla, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Anjan Chowdhury, Independent Director, Dr. Sultan Hafeez Rahman, Managing Director & CEO, Anis A. Khan and a large number of shareholders also attended the meetings.

In 2017, MTB earned consolidated net profit after tax of BDT 1,980 million which was 35% higher than that of 2016. Earnings per share (EPS) grew to BDT 3.89 from BDT 2.87. The bank’s balance-sheet footing increased by 22%, as at the end of 2017, compared to the previous year. Deposits grew by 16%, Loans and Advances rose by 27%. The Capital Adequacy Ratio (CAR) grew to 13.76%. As on today, MTB also expanded its network to 114 branches, 252 ATMs, 10 Kiosks, 53 Agent Banking Centres more than 3,100 Point of Sale (POS) devices including SMS, Internet Banking and 24/7 Contact Centre.

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