MTB approves 11pc stock dividend at its 20th AGM

- A Monitor Desk Report 02 Jul, 2019 | 1853 Views|-+
Dhaka: Mutual Trust Bank Limited held its 20th Annual General Meeting on June 30 at Gold Garden in the capital.

Md. Hedayetullah, Chairman of the Bank presided over the meeting. Khwaja Nargis Hossain, Vice Chairman and Anis A. Khan Managing Director and CEO were also present on the occasion among other Directors and shareholders of the Bank.

In 2018, MTB earned a consolidated net profit after tax of BDT 1,734 million. Earnings Per Share (EPS) stood at BDT 3.03. The bank's balance-sheet footing increased by 10 per cent, as at the end of 2018, compared to the previous year.

Deposits grew by 9 per cent, Loans and Advances rose by 14 per cent. The Capital Adequacy Ratio (CAR) stood at 12.86 per cent.

MTB has also expanded its network to 114 branches, 283 ATMs with 2 Cash Recycler Booths, 14 Kiosks, 106 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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