Mutual Trust Bank Limited (MTB) approved 12.50 per cent stock dividend for the year 2017 at the banks 19th annual general meeting (AGM) in the capital on Thursday, according to a press release.
Presided over by Chairman of the bank M. A. Rouf, JP, the meeting was attended, among others, by Vice Chairman Md. Hedayetullah, Directors Syed Manzur Elahi, Rashed A. Chowdhury, Dr. Arif Dowla, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, Anjan Chowdhury, and Independent Director Dr. Sultan Hafeez Rahman, Managing Director & CEO Anis A. Khan and a large number of shareholders.
In 2017, the MTB earned consolidated net profit after tax of Tk 1,980 million, which was 35 per cent higher than that of 2016. The earnings per share (EPS) rose to Tk 3.89 in 2017 from Tk 2.87 in 2016.
The bank's balance-sheet footing was increased by 22 per cent at the end of 2017 than that of the previous year.
The deposits grew by 16 per cent, loans and advances rose by 27 per cent. The Capital Adequacy Ratio (CAR) grew to 13.76 per cent.
As on today, MTB also expanded its network to 114 branches, 252 ATMs, 10 Kiosks, 53 Agent Banking Centres, more than 3,100 Point of Sale (POS) devices including SMS, internet banking and 24/7 contact centres.