Mutual Trust Bank Limited: Difference between revisions

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'''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.
'''Mutual Trust Bank Limited''' (MTB) a commercial bank in the private sector. It started banking operation on 24 October in 1999. Initially, the Authorized capital and paid-up capital of the bank were 1000 million and 200 million taka respectively. By the end of 2019, the authorized capital and paid-up capital rose to 10000 and 7386 million takas. Presently it has 118 branches and 11 SME centers. The total staffs and officers of the bank were 2362 in 2019. The power of policy-making of the bank lay down on an 8-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)


Basic facts and economic indicators (in million Taka).
{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
| Indicators || 2004 || 2005 || 2006 || 2007 || 2008 || 2009
|Indicators || 2018 || 2019 || 2020
|-
|-
| Authorised capital || 1000 || 1000 || 1000 || 3800 || 3800 || 3800
|Authorized Capital || 10000 || 10000 || 10000
|-
|-
| Paid up capital || 720 || 864 || 950 || 998 || 1497 || 1766
|Paid up Capital || 5734 || 7035 || 7386
|-
|-
| Reserved Fund || 498 || 583 || 955 || 1081 || 986 || 1919
|Reserved Fund || 7610 || 9630 || 9440
|-
|-
| Deposits || 13164 || 16099 || 22264 || 24777 || 33820 || 42354
|Deposits || 166160 || 191369 || 190607
|-
|-
| (a) Call Deposits || 1498 || 1998 || 2666 || 3933 || 4022 || 4992
|a) Call Deposits || 18337 || 20684 || 24461
|-
|-
| (b) Term Deposits || 11666 || 14101 || 19598 || 20844 || 29798 || 37362
|b) Term Deposits || 147823 || 170685 || 166146
|-
|-
| Loans and Advance || 11693 || 14373 || 18592 || 25686 || 28530 || 33883
|Loans and Advances || 166145 || 186769 || 200992
|-
|-
| Investment || 1676 || 2496 || 3056 || 3968 || 5606 || 9538
|Investment || 27388 || 33195 || 35382
|-
|-
| Total Asset || 15931 || 19307 || 26218 || 32161 || 38965 || 52775
|Total Asset || 222406 || 256157 || 267913
|-
|-
| Total income  || 1507 || 2136 || 2994 || 3650 || 4636 || 5951
|Total Income || 20265 || 23881 || 21276
|-
|-
| Total Expenditure || 1000 || 1468 || 2024 || 2717 || 3441 || 4326
| Total Expenditure || 15381 || 18769 || 17953
|-
|-
| Foreign Currency Trading || 20586 || 27036 || 41870 || 48602 || 57086 || 55950
|Foreign Currency Trading || 225888 || 232479 || 197826
|-
|-
| a) Export || 4859 || 8815 || 12943 || 18282 || 19463 || 19676
|a) Export || 60061 || 64318 || 57828
|-
|-
| b) Import || 15561 || 17657 || 26255 || 24866 || 30381 || 29721
|b) Import || 117918 || 119002 || 102400
|-
|-
| c) Remittance || 166 || 564 || 2672 || 5454 || 7242 || 6553
|c) Remittance || 47909 || 49159 || 37598
|-
|-
| Total Manpower: || 298 || 376 || 470 || 578 || 739 || 841
|Total manpower || 2120 || 2340 || 2362
|-
|-
| a) Officers || 224 || 261 || 262 || 518 || 723 || 824
|a) Officers || 2100 || 2314 || 2337
|-
|-
| b) Staff || 74 || 115 || 208 || 60 || 16 || 17
|b) Staff || 20 || 26 || 25
|-
|-
| Correspondents Banks || 113 || 182 || 213 || 236 || 311 || 387
|Correspondent Banks || 602 || 604 || 547
|-
|-
| Total Branches (in numbers) || 16 || 20 || 25 || 30 || 36 || 44
|Total Branches (in numbers) || 114 || 118 || 118
|-
|-
| a) Domestic || 16 || 20 || 25 || 30 || 36 || 44
|a) Domestic || 114 || 118 || 118
|-
|-
| b) Overseas || - || - || - || - || - ||  
|b) Overseas || 0 || 0 || 0
|-
|-
| Agriculture Credit ||  ||  ||  ||  ||  ||  
|Agriculture Credit ||  
|-
|-
| Loan Disbursed || - || - || - || - || 25 || 623
|Loan Disbursed || 1562 || 3190 || 3644
|-
|-
| Loan Realised || - || - || - || - || 1 || 28
|Realised || 4005 || 1748 || 4433
|-
|-
| Industrial Credit ||  || ||  ||  ||  ||  
|Industrial Credit ||  
|-
|-
| Loan Disbursed || 7440 || 26031 || 34420 || 3448 || 9649 || 24760
|Loan Disbursed || 108968 || 142552 || 72783
|-
|-
| Realsied || 5266 || 25798 || 33936 || 1021 || 5790 || 20470
|Realsied || 83962 || 116039 || 94309
|-
|-
| Loan Outstanding by Sector ||  ||  ||  ||  ||  ||  
|Loan Outstanding by Sector ||  
|-
|-
| Agriculture and Fisheries || - || - || - || - || 26 || 145
|Agriculture and Fisheries and Forestry || 1339 || 2781 || 3509
|-
|-
| Industry || 1130 || 1204 || 1923 || 4130 || 6895 || 3639
|Industry || 45607 || 56369 || 50366
|-
|-
| Trade and Commerce || 4476 || 6400 || 8448 || 12581 || 13654 || 9866
|Trade and Commerce || 25837 || 34256 || 69694
|-
|-
| Poverty Reduction || || || || || ||  
|Poverty Reduction || 0 || 0 || 0
|-
|CSR || 80 || 53 || 201
|}
|}


''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.
''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.
 
MTB has a strong representative banking network with 547 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 banks. The MTB established an 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.


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 cards 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.  


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.


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, The|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]
In 2019, bank deposits accounted for 1.5 per cent of total banking sector deposits and loans and advances accounted for 1.7 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.1 percent. [Muhammad Abdul Mazid]  


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]

Latest revision as of 20:31, 13 October 2023

Mutual Trust Bank Limited (MTB) a commercial bank in the private sector. It started banking operation on 24 October in 1999. Initially, the Authorized capital and paid-up capital of the bank were 1000 million and 200 million taka respectively. By the end of 2019, the authorized capital and paid-up capital rose to 10000 and 7386 million takas. Presently it has 118 branches and 11 SME centers. The total staffs and officers of the bank were 2362 in 2019. The power of policy-making of the bank lay down on an 8-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 2018 2019 2020
Authorized Capital 10000 10000 10000
Paid up Capital 5734 7035 7386
Reserved Fund 7610 9630 9440
Deposits 166160 191369 190607
a) Call Deposits 18337 20684 24461
b) Term Deposits 147823 170685 166146
Loans and Advances 166145 186769 200992
Investment 27388 33195 35382
Total Asset 222406 256157 267913
Total Income 20265 23881 21276
Total Expenditure 15381 18769 17953
Foreign Currency Trading 225888 232479 197826
a) Export 60061 64318 57828
b) Import 117918 119002 102400
c) Remittance 47909 49159 37598
Total manpower 2120 2340 2362
a) Officers 2100 2314 2337
b) Staff 20 26 25
Correspondent Banks 602 604 547
Total Branches (in numbers) 114 118 118
a) Domestic 114 118 118
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 1562 3190 3644
Realised 4005 1748 4433
Industrial Credit
Loan Disbursed 108968 142552 72783
Realsied 83962 116039 94309
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 1339 2781 3509
Industry 45607 56369 50366
Trade and Commerce 25837 34256 69694
Poverty Reduction 0 0 0
CSR 80 53 201

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

MTB has a strong representative banking network with 547 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 banks. The MTB established an 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 cards 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.

In 2019, bank deposits accounted for 1.5 per cent of total banking sector deposits and loans and advances accounted for 1.7 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.1 percent. [Muhammad Abdul Mazid]

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