Business Report :
Mutual Trust Bank PLC’s (MTB) operating profit rose by 22.49per cent to Tk2.54 billion during July-September of this year, while profit before tax surged by 59.15per cent to Tk1.62 billion.
The bank recently announced its unaudited financial results for the third quarter of 2024.
The Q3 2024 financial performance of the bank reflects an impressive Tk46 billion growth, or a 17.54per cent increase in deposits since December of last year, totaling Tk309 billion. Loans and advances registered an 11.33per cent increase, or Tk30 billion growth, reaching Tk291 billion during the same period.
In the first nine months of 2024, the bank earned operating profit of Tk7.82 billion, a 33.38per cent YoY increase, while profit before tax stood at Tk3.53 billion, a rise of 9.35per cent over the corresponding period last year.