Mutual Trust Bank Limited (
Bengali
Bengali or Bengalee, or Bengalese may refer to:
*something of, from, or related to Bengal, a large region in South Asia
* Bengalis, an ethnic and linguistic group of the region
* Bengali language, the language they speak
** Bengali alphabet, the w ...
: মিউচুয়াল ট্রাস্ট ব্যাংক লিমিটেড) is a private
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
headquartered in
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...
, Bangladesh. Md Abdul Malek, chairmanSheltech Consultants (Pvt) Ltd, is the chairman of Mutual Trust Bank Limited.
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.
History
Mutual Trust Bank Limited was established on 29 September 1999.
Syed Manzur Elahi was the founding chairman of the Bank.
Harris Chowdhury
Abul Harris Chowdhury (born 1 November 1952) is a Bangladeshi politician who served as the Political Secretary of Prime Minister Begum Khaleda Zia. He was the Joint Secretary General of Bangladesh Nationalist Party. Chowdhury was sentenced to ...
, former political secretary to Prime Minister
Khaleda Zia
Khaleda Zia (; born Khaleda Khanam Putul in 1945) is a Bangladeshi politician who served as the Prime Minister of Bangladesh from March 1991 to March 1996, and again from June 2001 to October 2006. She was the first female prime minister of Ba ...
, was a shareholder of the bank.
In April 2007, Bangladesh Bank found evidence that Nurunnabi, a Chittagong businessman had embezzled 6.28 billion BDT from 10 banks using false documents under 32 company names.
It included one billion BDT from Mutual Trust Bank branch in Khatunganj.
In 2009, Anis A Khan was appointed managing director of Mutual Trust Bank Limited.
In July 2013, Bangladesh Police arrested an IT officer of Mutual Trust Bank Limited for being involved in an ATM forgery case.
In 2015, the bank became one of two local partners of
Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of Ministry of Finance, Government of India.
The Life Insurance Corporation of ...
in Bangladesh. The Daily Star 15th Bangladesh Business Awards described the bank as "one of the best-run banks in Bangladesh". Anis A Khan was re-appointed managing director of Mutual Trust Bank Limited in 2015 for a four year term.
Norfund
Norfund is a development finance institution established by the Norwegian Storting (parliament) in 1997 and owned by the Norwegian Ministry of Foreign Affairs. The fund receives its investment capital from the state budget. Its head office is locat ...
, the investment fund of the Norwegian government announced plans to purchase 10 per cent of Mutual Trust Bank Limited in September 2018.
According to the
Anti-Corruption Commission in December 2019, a manager of the Mutual Trust Bank Limited had stolen 49.9 million taka from a client of the bank.
MTB Foundation is the charity arm of Mutual Trust Bank Limited.
The MTB Foundation announced the creation of Niloufer Manzur Memorial Scholarship named after Niloufer Manzur, principal of Sunbeams School in November 2021.
In May 2022, Associated Builders Corporations (ABC Group) announced plans to sell 27 per cent shares of the Mutual Trust Bank Limited at the block market to be purchased by an independent director of ABC Group, Rashed Ahmed Chowdhury. Chairman of
Bangladesh Securities and Exchange Commission
The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...
, Prof
Shibli-Rubayat-Ul Islam, approved the sale of 5 billion BDT worth of bonds by Mutual Trust Bank Limited. In August the bank signed a cash management agreement with the
Paragon Group
Paragon may refer to:
Places
*Paragon, Indiana, a town in the United States
* Paragon, Nebraska, former community in the United States
*The Paragon, Bath, a Georgian street in the Walcot area of Bath
* The Paragon, Blackheath, London, built by Mi ...
.
Memberships
*
The Institute of Bankers, Bangladesh
*
Bangladesh Association of Banks
Bangladesh Association of Banks is an industry trade body of private banks in Bangladesh that represents the interests of the banking industry. Nazrul Islam Mazumder, chairperson of Exim Bank, is the Chairman of the Bangladesh Association of Banks ...
*
Bangladesh Foreign Exchange Dealer Association
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...
*
Bangladesh Institute of Bank Management
The Bangladesh Institute of Bank Management (BIBM) is the national training, research, consultancy and education institute on banking and finance collectively owned by all banks that are in operation in the country.
About BIBM
Bangladesh Inst ...
* Bangladesh Association of Publicly Listed Companies
*
Metropolitan Chamber of Commerce and Industry, Dhaka
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), established in 1904, is the oldest trade organization of Bangladesh.
History, mission and vision
MCCI represented in many Advisory Councils as well as Committees formed by various mini ...
*
International Chamber of Commerce Bangladesh
International is an adjective (also used as a noun) meaning "between nations".
International may also refer to:
Music Albums
* ''International'' (Kevin Michael album), 2011
* ''International'' (New Order album), 2002
* ''International'' (The T ...
*
Dhaka Stock Exchange
The Dhaka Stock Exchange (DSE) ( bn, ঢাকা স্টক এক্সচেঞ্জ ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. I ...
*
Dhaka Chamber of Commerce & Industry
Dhaka Chamber of Commerce & Industry (DCCI), established in 1958, is a large organization for businesspeople in Dhaka, Bangladesh.
History
Dhaka Muslim Chamber of Commerce and Industry (1936) and the United Chamber of Commerce and Industry (1947 ...
*
*
American Chamber of Commerce in Bangladesh
American(s) may refer to:
* American, something of, from, or related to the United States of America, commonly known as the "United States" or "America"
** Americans, citizens and nationals of the United States of America
** American ancestry, pe ...
*
Primary Dealers Bangladesh Limited
Primary or primaries may refer to:
Arts, entertainment, and media Music Groups and labels
* Primary (band), from Australia
* Primary (musician), hip hop musician and record producer from South Korea
* Primary Music, Israeli record label
Works
* ...
References
{{Banks in Bangladesh
Companies listed on the Dhaka Stock Exchange
Banks established in 1999
1999 establishments in Bangladesh
Square Group