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]