The board of directors of Mutual Trust Bank recently approved a 20 per cent stock dividend for the year ended on December 31 last year.

The board also decided to amend some clauses of articles of association of the bank in connection with categorisation of share, rotation of directors and notice period for board meeting subject to approval of Bangladesh Bank and shareholders in the extraordinary general meeting (EGM). The bank has also reported net profit after tax of Tk. 988.36 million with earning per share (EPS) of Tk. 46.63. The net asset value per share of the bank for the year stood at Tk 206.59, while the net operating cash flow per share at Tk 16.84. The record date for the dividend is Feb 24 and the bank will hold its annual general meeting at the Bangabandhu International Conference Centre on March 28 this year.

News: Daily Sun/Bangladesh/10 Feb 2011.