Mutual Trust Bank (MTB), a leading private commercial bank, has witnessed a steady growth in financial indicators.
Skilled human resources and tech-savvy products of the bank played important roles in the growth of the bank during the period, officials said.
The bank's net income rose 15.81 per cent to Tk 9.83 billion for the year ended on December 31, 2018, compared to the previous year.
The company's net asset value (NAV) per share stood at Tk 23.16 (consolidated) for the year ended on December 31, 2018, up from Tk 23.08 in the previous year.
The NAV per share stood at Tk 22.15, Tk 24.18 and Tk 22 in 2016, 2015 and 2014 respectively.
The bank posted steady growth in net profit in the previous four years from 2014 to 2017. But the net profit declined in 2018.
The net profit of the MTB stood at Tk 1.73 billion in 2018, down 12.42 per cent over the previous year.
The company's net profit was Tk 1.98 billion in 2017, Tk 1.46 billion in 2016, Tk 1.36 billion in 2015, and Tk 962 million in 2014.
The company reported its consolidated EPS of Tk 3.03 for the year ended on December 31, 2018 as against Tk 3.45 (restated) in the previous year.
The company's EPS was 3.30 in 2016, Tk 3.70 in 2015, and Tk 3.12 in 2014.
Anis A Khan, Managing Director of the MTB, said the EPS has declined in 2018 due to increased number of shares following disbursement of stock dividend.
The bank disbursed 11 per cent stock dividend for the year ended on December 31, 2018, 12.5 per cent stock for 2017, 15 per cent stock for 2016, 20 per cent stock 2015 and 20 per cent stock for 2014.
"The number of the MTB's shares will rise further following fresh equity investment made by the Norwegian Investment Fund, Norfund," Mr. Khan added.
In April last, the Bangladesh Securities and Exchange Commission (BSEC) approved the bank's proposal for the issuance of a substantial amount of shares to Norfund, owned by the Norwegian government.
Norfund made the investment considering the prospects of the bank's growth, said Mr Khan.
He also expressed the hope that the bank would see a reasonable growth in 2019.
The MTB, presently an 'A' category company, was listed on both the stock exchanges of the country in 2003.
The company's sponsor-directors own 41.11 cent shares, institutions 22.60 per cent and general shareholders 36.29 per cent as on April 30, 2019.
On Thursday, the last trading day of the previous week, the company's share price closed at Tk 33.60 each on the Dhaka Stock Exchange (DSE).
The MTB has 114 branches and 100 agent banking centres as of December 31, 2018, according to the annual report.
Presently, the bank has more than 300 ATM booths across the country.
The bank's subsidiaries are MTB Securities, MTB Capital, and MTB Exchange UK.
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