The 15th Extra Ordinary General Meeting
(EGM) and 16th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB)
were held on March 30, 2015 at the International Convention City, Bashundhara,
in the capital. MTB Chairman Rashed A Chowdhury, presided over both the
meetings. MTB Vice Chairman MA Rouf, JP, Directors Dr. Arif Dowla, 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, Additional Managing Director, Md. Hashem Chowdhury and a large
number of shareholders also attended the meetings.
In the EGM, a special resolution was
adopted on issuance of BDT 3,000 million coupon bearing non-convertible redeemable
Subordinated Bond eligible as Bank’s Tier II capital. The shareholders
attending the MTB AGM, approved 20% stock dividend for 2014. At the beginning,
the MTB Chairman welcomed all the shareholders who attend the two meetings. In
his address, he expressed his gratitude to the valued shareholders for keeping
their faith on the board of directors and management, and requested for
continued support and encouragement so that the bank can perform better in the
future. A number of shareholders spoke at the meeting on the banks performance
and raised various queries which were later on responded to by the Managing
Director & CEO.
In 2014, MTB earned net profit after tax
amounting to BDT962 million which was 67.74% higher than 2013 and the value of
earning assets was BDT98,025.82 million. Earnings per share (EPS) grew to
BDT3.12 from BDT 1.86. The bank's balance-sheet footing increased by14.95%, as
at the end of 2014, compared to the previous year. Deposits grew by 15.09%,
Loans and Advances rose by 29.54%. The Capital Adequacy Ratio (CAR) was
maintained at 10.77%, compared to the required rate of 10%. MTB has expanded
its network to 103 branches, 181 ATMs, 8 Kiosks, 1,900 Point of Sale (POS)
devices including SMS and Internet banking and 24/7 Contact Centre till date. (source:
press release)