Mutual Trust Bank Limited

Mutual Trust Bank Limited (MTB) a commercial bank in the private sector. It started banking operation on 24 October in 1999. Initially, the Authorised capital and Paid up capital of the bank were 1000 million and 200 million taka respectively. By the end of 2009, the authorised capital and paid up capital rose to 3800 and 1766 million taka. Presently it has 76 braches and 11 SME centres. The total staffs and officers of the bank were 841 in 2009. The power of policy-making of the bank lay down on a 12-member Board of Directors. Managing Director as an Executive Chief manages all activities, who is assisted by three Deputy-managing Directors and three higher Executive Officers. The bank has stretched its financing operation through the introducing of SME programme for aiming of decreasing risk of debt and for expanding multiplication of its lending activities. For poverty reduction, Mutual Trust Bank prefers SME banking to generate a huge number of job opportunities. It observed 2008 as SME Year.

Basic facts and economic indicators (in million Taka).

Indicators 2004 2005 2006 2007 2008 2009
Authorised capital 1000 1000 1000 3800 3800 3800
Paid up capital 720 864 950 998 1497 1766
Reserved Fund 498 583 955 1081 986 1919
Deposits 13164 16099 22264 24777 33820 42354
(a) Call Deposits 1498 1998 2666 3933 4022 4992
(b) Term Deposits 11666 14101 19598 20844 29798 37362
Loans and Advance 11693 14373 18592 25686 28530 33883
Investment 1676 2496 3056 3968 5606 9538
Total Asset 15931 19307 26218 32161 38965 52775
Total income 1507 2136 2994 3650 4636 5951
Total Expenditure 1000 1468 2024 2717 3441 4326
Foreign Currency Trading 20586 27036 41870 48602 57086 55950
a) Export 4859 8815 12943 18282 19463 19676
b) Import 15561 17657 26255 24866 30381 29721
c) Remittance 166 564 2672 5454 7242 6553
Total Manpower: 298 376 470 578 739 841
a) Officers 224 261 262 518 723 824
b) Staff 74 115 208 60 16 17
Correspondents Banks 113 182 213 236 311 387
Total Branches (in numbers) 16 20 25 30 36 44
a) Domestic 16 20 25 30 36 44
b) Overseas - - - - -
Agriculture Credit
Loan Disbursed - - - - 25 623
Loan Realised - - - - 1 28
Industrial Credit
Loan Disbursed 7440 26031 34420 3448 9649 24760
Realsied 5266 25798 33936 1021 5790 20470
Loan Outstanding by Sector
Agriculture and Fisheries - - - - 26 145
Industry 1130 1204 1923 4130 6895 3639
Trade and Commerce 4476 6400 8448 12581 13654 9866
Poverty Reduction

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.

In 2009, the bank managed foreign currency business in total of the 55,950 million of which export, import and remittance was 19,676, 29,721 and 6,553 million respectively. It has a strong representative banking network with 227 banks all over the world. It conducts swift Relation Management Application (RMA) with 379 popular banks of the world, out of which 42 was local and 311 foreign bank. The MTB established a MTB Remittance Arrangement which compromises of few exchange houses for collecting remittance in convenience of Bangladeshi wage earners lived in abroad to send their money.'

Mutual Trust Bank endows with various facilities to customers including debt, credit and pre-paid card. At present, the bank offers 7 types of card like debt card, remittance card (pre-paid), classic card, gold credit card, international credit card, international travel card and hajj card. The customers can easily draw money, shopping and traveling using these cards in home and abroad.

The bank has been ensured its existence in the capital market as a full Services Depository participant of CDBL and member of dhaka stock exchange. Right now MTB provides brokerage house facilities in the branch of Motijheel, Gulshan, Pallabi, Uttara and a branch of Chittagong. According to the Margin Rules 1999, Mutual Trust Bank has already started to distribute loan to the customers. [Muhammad Abdul Mazid]