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Mutual Trust Bank Limited (MTB) approves 11% Stock Dividend at its 20th AGM

The 20th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on June 30, 2019 at Golf Garden, Army Golf Club, Dhaka. MTB Chairman Md. Hedayetullah, presided over the meeting. MTB Vice Chairman, Khwaja Nargis Hossain, Directors, Syed Manzur Elahi, Dr. Arif Dowla, Md. Wakiluddin, Md. Manirul Islam, Anika Chowdhury, Herbert Jaeger Independent Director, Nasreen Sattar, Managing Director & CEO Anis A. Khan and a large number of shareholders also attended the meeting.

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%, as at the end of 2018, compared to the previous year. Deposits grew by 9%, Loans and Advances rose by 14%. The Capital Adequacy Ratio (CAR) stood at 12.86%. 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.

Caption:
Md. Hedayetullah, Chairman of Mutual Trust Bank Ltd (MTB) is seen presiding over the 20th Annual General Meeting (AGM) of the Bank, at which 11% stock dividend was announced. MTB Vice Chairman Khwaja Nargis Hossain, Directors, Syed Manzur Elahi, Dr. Arif Dowla, Md. Wakiluddin, Md. Manirul Islam, Anika Chowdhury, Herbert Jaeger, Independent Director Nasreen Sattar, Managing Director & CEO Anis A. Khan also attended the AGM.

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