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MTB press Release [ ] 2012-05-28
13th AGM OF MUTUAL TRUST BANK LTD (MTB) HELD
13th AGM OF MUTUAL TRUST BANK LTD (MTB) HELD
Dr. Arif Dowla, Chairman of Mutual Trust Bank Ltd (MTB), seen presiding over the 13th AGM of the Bank. Founding Chairman, Syed Manzur Elahi, Vice Chairman, Rashed Ahmed Chowdhury, Directors Anjan Chowdhury, Khwaja Nargis Hossain, Md. Abdul Malek and Md. Wakiluddin, Managing Director & CEO Anis A. Khan, Deputy Managing Director & Company Secretary Quamrul Islam Chowdhury are also seen

The 13th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on May 27, 2012 at Bashundhara Convention Center 2, in the city. MTB Chairman Dr. Arif Dowla presided over the meeting. Founding Chairman, Syed Manzur Elahi, Vice Chairman, Rashed Ahmed Chowdhury, Directors Anjan Chowdhury, Khwaja Nargis Hossain, Md. Abdul Malek and Md. Wakiluddin were present at the meeting. Managing Director & CEO Anis A. Khan and Deputy Managing Director & Company Secretary Quamrul Islam Chowdhury also attended the meeting.

The 13th AGM approved 12% cash dividend for the bank for 2011. MTB Chairman thanked the bank’s customers, patrons, well-wishers, shareholders, regulators, directors and staff for their continuous support extended over the years. A number of shareholders spoke at the meeting and appreciated MTB’s diversified growth and prudent management policies. The Managing Director & CEO replied to the queries raised by the shareholders.

 

In 2011, MTB earned profit after Tax amounting to Tk 404.22 million, while the value of earning assets was Tk 66,660.79 million. Earnings per share (EPS) of MTB was Tk 1.59. The bank's balance-sheet footing increased by 32.68%, as at the end of 2011, compared to the previous year. The Capital Adequacy Ratio (CAR) increased to 11.96%, which was substantially higher than the required rate of 10%. Last year, the bank turned into one of the largest financial services group companies in Bangladesh, having opened two new subsidiaries ie. MTB Capital Ltd. (MTBCL), and MTB Exchange (UK) Ltd., while MTB Securities Ltd. (MTBSL) was launched in 2010. State of the art ATM network with 100 ATMs, has emerged within just one year. As of last year, MTB expanded its branch network to 76, MTB Securities Ltd. branch network to 18, which is the largest for any such company in the country. A 24/7 world class contact centre was launched last year, from which any customer of MTB can avail a host of banking services, 24 hours a day, 365 days a year. As a part of its corporate social responsibility, the Bank and its Foundation sponsored a number of socio-cultural activities to promote education, healthcare and other humanitarian needs.

 

 

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