Mutual Trust Bank approves 10pc stock dividend

Business Report:

Mutual Trust Bank PLC (MTB) held its 26th Annual General Meeting (AGM) virtually on Wednesday via a digital platform, with shareholders, directors, and senior executives participating from across the country.

The meeting was presided over by MTB Chairman Rashed Ahmed Chowdhury. During the session, the shareholders approved a 10 per cent stock dividend for the year ended 31 December 2024.
Board Directors Khwaja Nargis Hossain, Syed Nasim Manzur, Tapan Chowdhury (representing Astras Ltd.), Daniel De Lange (representing Norfund), Alternate Director Md. Riasad Uddin, Independent Directors Dr. Mohammad Tareque, Shib Narayan Kairy, and Zareen Mahmud Hosein, along with MTB Managing Director & CEO Syed Mahbubur Rahman and DMD & Company Secretary Rais Uddin Ahmad, were present at the meeting, says a press release.

The AGM also provided an overview of the bank’s financial performance and strategic initiatives undertaken over the past year. MTB management reaffirmed its commitment to innovation, digital transformation, and long-term value creation for shareholders.

The Chairman expressed his appreciation to shareholders, customers, regulatory bodies, and employees for their continued support. He noted that, despite a challenging economic environment, the bank had made steady progress through prudent risk management and a customer-centric approach.