MTB MD, CEO Anis A Khan’s contract renewed until 2019

The Board of Directors of Mutual Trust Bank Limited (MTB), has with the approval of Bangladesh Bank, renewed the contract of service of Anis A. Khan, as its Managing Director and CEO, from April 15, 2015 until November 30, 2019.

Anis commenced his banking career with the then Grindlays Bank plc (GB), as a Management Trainee in December 1982. He served with GB and its successor banks – ANZ Grindlays Bank and Standard Chartered Bank in a multitude of roles, both at home and abroad, for 21 years, before joining IDLC Finance Limited (IDLC) as its CEO & Managing Director in April 2003. After serving IDLC for 6 years, Anis joined Mutual Trust Bank as its Managing Director & CEO on April 15, 2009. 

Anis, a Fellow Member of the Institute of Bankers Bangladesh (IBB), also  serves as the Chairman of Primary Dealers Bangladesh Limited (PDBL), Chairperson of the SWIFT Member & User Group of Bangladesh, Vice Chairman, Board of Governors of the Association of Bankers, Bangladesh (ABB), Vice President of the Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI), Trustee Treasurer of the CSR Centre and member of the Board of Governors of the Society for Promotion of Bangladesh Art (SPBA). (source: press release)

Mutual Trust Bank (MTB) approves 20% stock dividend

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)