Mutual Trust Bank PLC
TypePrivate (Non-Government)
IndustryBanking
FoundedDhaka, Bangladesh
HeadquartersDhaka, Bangladesh
Key people
Syed Mahbubur Rahman (Managing Director and CEO)[1]
ProductsBanking services
Consumer Banking
Corporate Banking
Investment Banking
Islamic Banking
  • Decrease ৳ 3,491 million (2022)
  • Decrease ৳ 2,369 million (2022)
Websitemutualtrustbank.com

Mutual Trust Bank PLC (Bengali: মিউচুয়াল ট্রাস্ট ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairman of Sheltech Consultants (Pvt) Ltd, is the chairman of Mutual Trust Bank Limited.[2]

The Company was incorporated as a Public Limited Company in 1999, under the Companies Act 1994, with an Authorized Share Capital of BDT 1,000,000,000 divided into 10,000,000 ordinary shares of BDT 100 each. At present, the Authorized Share Capital of the company is BDT 10,000,000,000 divided into 1,000,000,000 ordinary shares of BDT 10 each.[3]

History

The Company was incorporated on September 29, 1999 under the Companies Act 1994 as a public company limited by shares for carrying out all kinds of banking activities with Authorised Capital of Tk. 38,00,000,000 divided into 38,000,000 ordinary shares of Tk.100 each. The Company was also issued Certificate for Commencement of Business on the same day and was granted license on October 05, 1999 by Bangladesh Bank under the Banking Companies Act 1991 and started its banking operation on October 24, 1999. As envisaged in the Memorandum of Association and as licensed by Bangladesh Bank under the provisions of the Banking Companies Act 1991, the Company started its banking operation and entitled to carry out the following types of banking business:


(i) All types of commercial banking activities including Money Market operations.

(ii) Investment in Merchant Banking activities.

(iii) Investment in Company activities.

(iv) Financiers, Promoters, Capitalists etc.

(v) Financial Intermediary Services.

(vii) Any related Financial Services.


The Company (Bank) operates through its Head Office at Dhaka and 120 branches. The Company/ Bank carries out international business through a Global Network of Foreign Correspondent Banks.[4]

Memberships

References

  1. ↑ mutualtrustbank.com/blog/director/syed-mahbubur-rahman/
  2. ↑ "MTB elects new chairman and vice chairman". www.dhakatribune.com. 2022-12-31. Retrieved 2023-01-15.
  3. ↑ "About Us". Mutual Trust Bank Limited. Retrieved 2022-06-14.
  4. ↑ "Facebook". www.facebook.com. Retrieved 2023-11-05.
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