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.

Mutual Trust Bank Ltd (MTB) recently launched “MTB Ruby” – a deposit product exclusively tailor-made for women.

MTB director Yasmeen Haque formally launched the product at a ceremony at MTB Centre, Gulshan in the capital, said a press release.

Yasmeen Haque handed over the account documents to Nazia Andaleeb Preema, the first customer.

MTB’s founding chairman Syed Manzur Elahi, vice chairman Dr Arif Dowla, directors MA Malek, Rashed A Chowdhury, Md Hedayetullah Ron, Md Wakiluddin, Md Nasirullah, MTB managing director and CEO Anis A Khan, deputy managing director Md Ahsan-uz Zaman, head of business (retail) Gazi Yar Mohammed and senior officials were present at the function.

“MTB is keenly interested to bring custom-made products for all segments and cater to the changing needs of the market, and launching of MTB Ruby – a deposit product for women - is the manifestation of this endeavor,” Yasmeen Haque said.

MTB Ruby is an exclusive savings account for women, which offers attractive interest rate, free debit card, free internet banking and premium interest rate for Non Resident Bangladeshis.

News: Daily Sun/Bangladesh/10 Feb 2011.

Bank Asia arranged a three-week foundation training course for its officers at its training institute in the city recently.

A Rouf Chowdhury, chairman of the bank, handed over certificates to the participants at the concluding ceremony of the workshop on Tuesday, said a press release.

Twenty five officers of the bank participated at the workshop, the news release added.

News: Daily Sun/Bangladesh/9 Feb 2011.

Four branches of Sonali Bank Ltd (SBL) in Chittagong have been brought under online banking system on Thursday. The customers of branches will now get the online banking service with 76 other branches in the country.

Syed Golam Kibria, commissioner of Chittagong Custom House, R U Ahmed, chairman of Chittagong Port, Mahbubul Alam, senior vice president of Chittagong Chamber, and Abdus Salam, chairman of CDA, formerly inaugurated the banking activity at the Chittagong Huse, Chittagong Port, Agrabad and Laldidigh branches respectively.

News: Daily Sun/Bangladesh/9 Feb 2011.

Trust Bank on Monday donated Tk4.0m to the Trust Technical Training Institute (TTTI) as part of the banks CSR activities. Adjutant General of Bangladesh Army and Vice Chairman of Trust Bank Limited Major General Abu Belal Muhammad Shafiul Huq ndc, psc handed over the cheque to TTTI principle Lt. Col. Asadul Islam (Retd) at a ceremony at the bank’s head office.
Among others, Trust Bank’s board of directors member Brig. Gen. Khan Abu Rawshan Muhammad Mustafa Kamal, ndc, psc, Brig. Gen. Tushar Kanti Chakma, ndc, psc, Begum Rokeya Din and managing director and chief executive officer of the bank Shah A Sarwar was also present of the occasion.

News:The Independent/Bangladesh/08 Feb 2011