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Mutual Trust Bank Limited (MTB) approves 10% Stock Dividend at its 22nd AGM

The 22nd Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on June 24, 2021 through digital platform. MTB Chairman, Md. Wakiluddin, presided over the meeting. MTB Vice Chairman, Md. Abdul Malek, Founding Chairman, Syed Manzur Elahi, MTB Directors, Md. Hedayetullah, Rashed Ahmed Chowdhury, Dr. Arif Dowla, M. A. Rouf JP, Engr. Md. Omar Faruk (represents Khwaja Nargis Hossain), Anika Chowdhury, Daniel Donald de Lange & Tarik Ur Rahman, Independent Directors, Nasreen Sattar & Faruq Ahmad Siddiqi, Managing Director & CEO, Syed Mahbubur Rahman, Company Secretary, Malik Muntasir Reza, Group CFO, Mohammad Aminul Haque, FCA and a large number of shareholders also attended the meeting.

In 2020, MTB earned a consolidated net profit after tax of BDT 970.39 million. Earnings Per Share (EPS) stood at BDT 1.31. The bank’s balance-sheet footing increased by 4.81%, as at the end of 2020, compared to the previous year. Deposits decreased by 0.43%, Loans and Advances rose by 7.46%. The Capital Adequacy Ratio (CAR) stood at 12.92%. Till now, MTB has also expanded its network to 118 branches & 32 Sub branches, 312 ATMs including 6 Cash Recycler Booths, 18 Kiosks, 164 Agent Banking Centres, 3,220 Point of Sale (POS) devices including SMS, Internet Banking and 24/7 Contact Centre and 4 Airport Lounges.

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