Dhaka, Bangladesh (BBN) – The board of directors of Mutual Trust Bank has decided to issue subordinated bond worth BDT 5.0 billion to meet capital requirement under Tier-II, said an official disclosure on Sunday.
The bond issue is subject to approval of the regulatory authorities – Bangladesh Bank (BB) and the Bangladesh Securities and Exchange Commission (BSEC), the disclosure said.
The bank also published second quarter (Q2) earning report on Sunday. As per Q2 financial report, consolidated earnings per share (EPS) was BDT 0.71 for April-June, 2016 as against BDT 0.56 for April-June, 2015.
In six months for January-June, 2016, consolidated EPS was BDT 1.44 as against BDT 1.13 for January-June, 2015.
Consolidated net operating cash flow per share (NOCFPS) was BDT 7.73 for January-June, 2016 as against BDT 4.18 for January-June, 2015. Consolidated net asset value (NAV) per share was BDT 21.19 as of June 30, 2016 and BDT 20.15 as of December 31, 2015.
Mutual Trust Bank was listed on the Dhaka bourse in 2003. The bank belongs to the “A” category.
The sponsor-directors own 44.69 percent stake in the bank, while institutional investors own 26.83 percent and the general public 28.48 percent as on June 30, 2016.
The bank’s paid-up capital is BDT 4,431.79 million and authorised capital is BDT 10,000 million, while total number of securities is 443,179,160, the DSE data showed.
The bank disbursed 20 percent stock dividend for the year ended on December 31, 2015.
Each share of the bank closed at BDT 17.50 on Thursday.