Arif Dowla, Chairman of Mutual Trust Bank, presides over the 13th Annual General Meeting of the Bank at the Bashundhara Convention Centre in Dhaka.

Mutual Trust Bank Limited declared 12 percent cash dividend to its shareholders for the year 2011.

The announcement came at the 13th Annual General Meeting (AGM) of the Bank held at the Bashundhara Convention Centre in Dhaka, said a press release Monday.

The annual general meeting approved 12 percent cash dividend for its shareholders at the meeting.

Arif Dowla, Chairman of Mutual Trust Bank Limited presided over the meeting.

Syed Manjur Elahi, founder chairman of MTBL, Masud Ahmed Chowdhury, vice-chairman, Anjan Chowdhury, Khwaja Nargis Hossain, Abdul Malek and Wakiluddin, directors of the Bank were also present.

Arif Dowla thanked the customers, patrons, well wishers, shareholders and staff members for rendering continuous support over the years.

In 2011, MTBL earned profit after paying the tax amounting to Tk 404.22 million, while the value of earning assets was Tk 66,660.79 million. Earning per share of the Bank was Tk 1.59, according to the release.

The Bank’s balance-sheet footing increased by 32.68pc, comparing to the previous year. State of the art ATM network with 100 ATMs has emerged within just one year.

As part of its corporate social responsibility, the Bank and its foundation sponsored a number of socio-cultural activities to promote education, healthcare.

The Daily Sun/ Bangladesh/ 30th May 2012