MUTUAL TRUST BANK LTD. (MTB) APPROVES 20% STOCK DIVIDEND AT ITS 17TH AGM

The 17th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on April 25, 2016 at the International Convention City, Bashundhara, Dhaka. MTB Chairman M. A. Rouf, JP, presided over the meeting. MTB Directors, Syed Manzur Elahi, Rashed A. Chowdhury, Dr. Arif Dowla, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Anjan Chowdhury, Q. A. F. M. Serajul Islam, Independent Directors, Anwarul Amin, Dr. Sultan Hafeez Rahman, Managing Director & CEO, Anis A. Khan, Additional Managing Director, Md. Hashem Chowdhury, Deputy Managing Directors and a large number of shareholders also attended the meetings.

In 2015, MTB earned net profit after tax of BDT 1,366 million which was 42.08% higher than that of 2014. Earnings per share (EPS) grew to BDT 3.70 from BDT 2.60. The bank’s balance-sheet footing increased by 25.60%, as at the end of 2015, compared to the previous year. Deposits grew by 23.26%, Loans and Advances rose by 26.51%. The Capital Adequacy Ratio (CAR) grew to 12.02%, compared to the required rate of 10%. MTB also expanded its network to 106 branches, 202 ATMs, 7 Kiosks, more than 2,200 Point of Sale (POS) devices including SMS and Internet banking and 24/7 Contact Centre.

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