Dhaka, Bangladesh (BBN) – The 10th annual general meeting (AGM) of Mutual Trust Bank Ltd (MTB) approved 18 percent stock dividend for the year 2008.

The AGM and the 11th extra-ordinary general meeting (EGM) of MTB were held at National Shooting Federation, Gulshan in Dhaka on Thursday.

MTB Chairman Samson H Chowdhury presided over both the AGM and EGM, the bank said.

Mutual Trust Bank, one of Bangladesh’s leading private sector banks, was set up 10 years ago. It has been maintaining good growth over the years. The bank’s overall assets increased by 21 per cent last year and operating profit for the year reached BDT 1.20 billion.

Last year, the bank introduced a suite of card products including Remittance Card and Hajj Card in addition to local and international debit and credit cards.

It also introduced unsecured loan products for SME customers, women entrepreneurs and an array of consumer banking products. The bank enhanced online banking facility for all types of customers in 2008.

BBN/SS/SI/AD-29May09-12:29 am (BST)