The 21st Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on Thursday through digital platform, said a statement.
MTB Chairman, Md. Hedayetullah, presided over the meeting. The AGM approved 5.0 per cent stock dividend, 5.0 per cent cash dividend.
MTB Directors, Syed Manzur Elahi, Dr. Arif Dowla, Rashed Ahmed Chowdhury, M. A. Rouf, JP, Md. Wakiluddin, Md. Abdul Malek, Anika Chowdhury, Herbert Ludwig Jaeger, Independent Director, Nasreen Sattar, Managing Director & CEO, Syed Mahbubur Rahman, CFO, Sayed Abul Hashem, Company Secretary, Malik Muntasir Reza and a large number of shareholders also attended the meeting.
In 2019, MTB earned a consolidated net profit after tax of Tk 1,338 million. Earnings Per Share (EPS) stood at Tk 2.03. The bank's balance-sheet footing increased by 15.49 per cent, as at the end of 2019, compared to the previous year. Deposits grew by 14.92 per cent, loans and advances rose by 14.20 per cent.
The Capital Adequacy Ratio (CAR) stood at 12.91 per cent. MTB has also expanded its network to 118 branches & 18 Sub branches, 310 ATMs including 6 Cash Recycler Booths, 18 Kiosks, 146 Agent Banking Centres, 3,305 Point of Sale (POS) devices including SMS, Internet Banking and 24/7 Contact Centre and 3 Airport Lounges.