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15th AGM of Mutual Trust Bank Limited held

Rashed A. Chowdhury, Chairman of Mutual Trust Bank Ltd (MTB), seen presiding over the 15th AGM of the Bank. Founding Chairman, Syed Manzur Elahi, Vice Chairman, MA Rouf JP, Directors Dr. Arif Dowla, Hedayetullah, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Q. A. F. M. Serajul Islam, Independent Directors Anwarul Amin, Sultan Hafeez Rahman, Managing Director & CEO Anis A. Khan, Deputy Managing Director & Company Secretary Quamrul Islam Chowdhury and a large number of shareholders also attended the meeting.

Rashed A. Chowdhury, Chairman of Mutual Trust Bank Ltd (MTB), seen presiding over the 15th AGM of the Bank. Founding Chairman, Syed Manzur Elahi, Vice Chairman, MA Rouf JP, Directors Dr. Arif Dowla, Hedayetullah, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Q. A. F. M. Serajul Islam, Independent Directors Anwarul Amin, Sultan Hafeez Rahman, Managing Director & CEO Anis A. Khan, Deputy Managing Director & Company Secretary Quamrul Islam Chowdhury and a large number of shareholders also attended the meeting.

The 15th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on Thursday at Bashundhara Convention Center-2 in the city.

MTB Chairman Rashed A. Chowdhury, presided over the meeting. Founding Chairman Syed Manzur Elahi, Vice Chairman M. A. Rouf JP, Directors Dr. Arif Dowla, Hedayetullah, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Q. A. F. M. Serajul Islam, Independent Directors Anwarul Amin, Sultan Hafeez Rahman, Managing Director & CEO Anis A. Khan, Deputy Managing Director & Company Secretary Quamrul Islam Chowdhury and a large number of shareholders also attended the meeting.

The shareholders attending the MTB AGM approved 10% stock dividend for 2013. At the outset, the MTB Chairman welcomed all the shareholders to the meeting. In his address, he thanked the shareholders, customers, patrons, well-wishers, regulators, directors and staff for their support extended over the years. A number of shareholders spoke at the meeting on the banks performance and raised various queries which were later addressed by the Managing Director & CEO.

In 2013, MTB earned net profit after tax amounting to Tk 573 million which was 74.84% higher than 2012 and the value of earning assets was Tk 85,323.09 million. Earning per share (EPS) grew to Tk 2.05 from Tk 1.17. The bank’s balance-sheet footing increased by 8.91%, as at the end of 2013, compared to the previous year. Deposits grew by 12.28%, Loans and Advances rose by 5.37%. The Capital Adequacy Ratio (CAR) was maintained at 11.57%, compared to the required rate of 10%.

MTB has expanded its network to 94 branches, 180 ATMs, 8 Kiosks, 1,500 Point of Sale (POS) devices including SMS and Internet banking and 24/7 Contact Centre till date. MTB is also launching its Mobile Financial Services (MFS) – Bangla Cash soon with a vision to include the unbanked people of the  country under the banking umbrella.

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Source: Financial Express

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