Mutual Trust Bank Limited (MTB) witnessed a profit growth by 21 percent during 2010, while the profit after tax showed a sustainable rise by 27 percent compared to 2009. The bank's balance-sheet footing increased by over 11 percent, at the end of 2010, compared to the previous year. The Capital Adequacy Ratio (CAR) increased to 11.49 percent, which is substantially higher than the required rate of 9 percent. This was revealed at the 13th extraordinary general meeting (EGM) and 12th annual general meeting (AGM) of MTB held at the Bangabandhu International Conference Centre in the city yesterday. MTB Chairman Samson H Chowdhury presided over both the meetings, said a press release. Vice Chairman Dr. Arif Dowla, founding chairman Syed Manzur Elahi, directors M A Rouf, Yasmeen Haque, Md Abdul Malek, Md Nasirullah, Md Wakiluddin and Mahaboob Morshed Hassan were present at the meetings. Managing director & CEO Anis A Khan, deputy managing director and company secretary Quamrul Islam Chowdhury, deputy managing directors Hashem Chowdhury and Md Ahsan-uz Zaman, senior MTB officials and a large number of the bank’s shareholders attended the meetings. The MTB chairman thanked the bank’s customers, patrons, well-wishers, shareholders, regulators, directors and staff for the impulsive support extended in 2010. The managing director & CEO replied to the queries raised by the shareholders. The 12th AGM approved 20 percent stock dividend for 2010. Last year, the bank launched a number of products which include MTB senior, MTB inspire, Personal loan, Auto loan, home loan and home equity loan. It opened 23 bank branches, one booth and eight MTB securities branches. The stock brokerage function was separated by floating MTB’s fully owned company named MTB Securities Ltd. (MTBSL). As a part of corporate social responsibility, the bank sponsored a number of socio-cultural programs to promote education, healthcare and other humanitarian activities.

News: Daily Sun/ Bangladesh/ Mar-29-2011