MTB approves 10pc stock dividend

Staff Correspondent

25 June, 2021 12:00 AM printer

Mutual Trust Bank Limited (MTB) approved 10 percent stock dividend for its shareholders for the year 2020.

The approval came at the 22nd Annual General Meeting (AGM) of the bank held through digital platform on Thursday, said a press release.

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, MA Rouf JP, Engr. Md. Omar Faruk,  Anika Chowdhury, Daniel Donald de Lange and Tarik Ur Rahman, Independent Directors, Nasreen Sattar and Faruq Ahmad Siddiqi, Managing Director and CEO, Syed Mahbubur Rahman, Company Secretary, Malik Muntasir Reza, Group CFO, Mohammad Aminul Haque were present on the occasion.

A large number of shareholders also attended the meeting. 

In 2020, MTB earned a consolidated net profit after tax of Tk 970.39 million. Earnings Per Share (EPS) stood at Tk 1.31.

The bank's balance-sheet footing increased by 4.81 percent, as at the end of 2020, compared to the previous year. Deposits decreased by 0.43 percent, loans and advances rose by 7.46 percent.

The Capital Adequacy Ratio (CAR) stood at 12.92 percent. Till now, MTB has also expanded its network to 118 branches and 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.