Announcement • Jun 10
Mutual Trust Bank plc Announces Appointment of A.K.M. Tareq as Deputy Managing Director and Head of Branch Banking Division Mutual Trust Bank PLC had appointed A.K.M. Tareq as Deputy Managing Director & Head of Branch Banking Division. Tareq brought over 29 years of banking experience across functions of Branch Banking, Corporate Banking, and Credit Risk Management, according to a press release. Prior to joining MTB, he served as Senior Executive Vice President & Senior Zonal Head at BRAC Bank PLC, where he played a key role in driving business growth, branch banking transformation, and operational excellence, according to a press release. He previously held different leadership positions at BRAC Bank PLC, Eastern Bank PLC, Bank Asia PLC, and IFIC Bank PLC. Tareq held Bachelor's and Master's degrees in Marketing from the University of Dhaka and an MBA in Digital Technology Management from Royal Roads University, Canada. He was also an Omega Certified Credit Professional. Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 5.0% to ৳12.50. The fair value is estimated to be ৳15.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 14%. Announcement • Apr 30
Mutual Trust Bank PLC., Annual General Meeting, Jun 28, 2026 Mutual Trust Bank PLC., Annual General Meeting, Jun 28, 2026, at 11:30 Central Asia Standard Time. Announcement • Apr 22
Mutual Trust Bank PLC. to Report Q1, 2026 Results on Apr 29, 2026 Mutual Trust Bank PLC. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Apr 21
Mutual Trust Bank PLC. to Report Fiscal Year 2025 Results on Apr 29, 2026 Mutual Trust Bank PLC. announced that they will report fiscal year 2025 results on Apr 29, 2026 Announcement • Feb 27
MTB Neo Launches the Country's First-Of-Its-Kind AI-Powered Personal Financial Management (PFM) for Smarter, Personalized Banking Mutual Trust Bank PLC (MTB) continued to lead Bangladesh's digital banking transformation with the launch of the country's first AI-powered Personal Financial Management (PFM) feature, integrated into its flagship mobile banking platform, MTB Neo. This pioneering solution empowers users with intelligent, real-time financial insights, placing them at the center of their banking journey. The new PFM tool reflects MTB's commitment to delivering innovative, customer-first experiences that go beyond conventional banking. Key Features of MTB Neo's PFM Tool: i) Track and define your personal Assets and Liabilities ii) Automatically track and categorize income and expenses iii) Visualize spending patterns and income flows iv) Receive AI-powered insights on savings opportunities v) Make informed financial decisions - anytime, anywhere By simplifying financial management, the AI-powered PFM helps users gain a deeper understanding of their financial behavior, promotes better financial wellness, and supports long-term planning. In a move that redefines conventional banking boundaries, non-MTB customers can also register on MTB Neo to access the PFM feature, reinforcing MTB's vision of inclusive digital financial empowerment for all. The updated MTB Neo App is now available for download on both Android and iOS platforms. Announcement • Oct 22
Mutual Trust Bank PLC. to Report Q3, 2025 Results on Oct 29, 2025 Mutual Trust Bank PLC. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 21
Mutual Trust Bank PLC. to Report Q2, 2025 Results on Jul 30, 2025 Mutual Trust Bank PLC. announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • Apr 29
Mutual Trust Bank PLC., Annual General Meeting, Jul 09, 2025 Mutual Trust Bank PLC., Annual General Meeting, Jul 09, 2025, at 11:30 Central Asia Standard Time. Announcement • Apr 24
Mutual Trust Bank PLC. to Report Q1, 2025 Results on Apr 30, 2025 Mutual Trust Bank PLC. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Apr 17
Mutual Trust Bank PLC. to Report Fiscal Year 2024 Results on Apr 28, 2025 Mutual Trust Bank PLC. announced that they will report fiscal year 2024 results on Apr 28, 2025 Announcement • Jan 03
Mutual Trust Bank PLC. Appoints Syed Manzur Elahi as the Chairman Mutual Trust Bank PLC. informed that the Board of Directors has appointed Mr. Syed Manzur Elahi as the Chairman of the company with effect from January 01, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: ৳0.92 (vs ৳0.84 in 3Q 2023) Third quarter 2024 results: EPS: ৳0.92 (up from ৳0.84 in 3Q 2023). Revenue: ৳4.35b (up 25% from 3Q 2023). Net income: ৳901.2m (up 8.7% from 3Q 2023). Profit margin: 21% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Mutual Trust Bank PLC. to Report Q3, 2024 Results on Oct 23, 2024 Mutual Trust Bank PLC. announced that they will report Q3, 2024 results on Oct 23, 2024 New Risk • Oct 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.8b (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (৳11.8b market cap, or US$98.5m). New Risk • Jul 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ৳11.5b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (৳11.5b market cap, or US$97.8m). Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: ৳0.38 (vs ৳0.41 in 2Q 2023) Second quarter 2024 results: EPS: ৳0.38 (down from ৳0.41 in 2Q 2023). Revenue: ৳4.05b (up 15% from 2Q 2023). Net income: ৳371.3m (down 8.8% from 2Q 2023). Profit margin: 9.2% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 25
Mutual Trust Bank PLC. to Report Q2, 2024 Results on Jul 28, 2024 Mutual Trust Bank PLC. announced that they will report Q2, 2024 results on Jul 28, 2024 Announcement • Jul 18
Mutual Trust Bank PLC. Appoints Ahsan Zaman Chowdhury as Managing Director Mutual Trust Bank PLC. announced appointment of Mr. Ahsan Zaman Chowdhury as the Managing Director of the company with effect from July 10, 2024. Upcoming Dividend • May 05
Upcoming dividend of ৳1.00 per share Eligible shareholders must have bought the stock before 12 May 2024. Payment date: 03 July 2024. Trailing yield: 6.7%. Within top quartile of Bangladeshi dividend payers (4.2%). Higher than average of industry peers (4.9%). Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: ৳2.91 (vs ৳2.41 in FY 2022) Full year 2023 results: EPS: ৳2.91 (up from ৳2.41 in FY 2022). Revenue: ৳13.0b (up 10.0% from FY 2022). Net income: ৳2.86b (up 21% from FY 2022). Profit margin: 22% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Non-performing loans: 6.47% (up from 5.71% in FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Mutual Trust Bank PLC. to Report Q1, 2024 Results on Apr 24, 2024 Mutual Trust Bank PLC. announced that they will report Q1, 2024 results on Apr 24, 2024 Announcement • Apr 04
Mutual Trust Bank PLC. to Report Fiscal Year 2023 Results on Apr 17, 2024 Mutual Trust Bank PLC. announced that they will report fiscal year 2023 results on Apr 17, 2024 Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: ৳0.84 (vs ৳0.91 in 3Q 2022) Third quarter 2023 results: EPS: ৳0.84 (down from ৳0.91 in 3Q 2022). Revenue: ৳3.49b (down 22% from 3Q 2022). Net income: ৳828.8m (down 7.6% from 3Q 2022). Profit margin: 24% (up from 20% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 18
Mutual Trust Bank Limited to Report Q3, 2023 Results on Oct 25, 2023 Mutual Trust Bank Limited announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: ৳0.41 (vs ৳0.72 in 2Q 2022) Second quarter 2023 results: EPS: ৳0.41 (down from ৳0.72 in 2Q 2022). Revenue: ৳3.51b (up 5.9% from 2Q 2022). Net income: ৳407.1m (down 42% from 2Q 2022). Profit margin: 12% (down from 21% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Mutual Trust Bank Limited to Report Q2, 2023 Results on Jul 26, 2023 Mutual Trust Bank Limited announced that they will report Q2, 2023 results on Jul 26, 2023 Announcement • Jan 04
Mutual Trust Bank Limited Announces Election of Chairman and Vice Chairman Mutual Trust Bank Limited announced that the Board of Directors has elected Mr. Md. Abdul Malek as the Chairman and Mr. Syed Manzur Elahi as the Vice Chairman of the Company, with effect from January 01, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Faruq Siddiqi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: ৳1.00 (vs ৳0.11 in 3Q 2021) Third quarter 2022 results: EPS: ৳1.00 (up from ৳0.11 in 3Q 2021). Revenue: ৳4.46b (up 77% from 3Q 2021). Net income: ৳896.6m (up ৳796.0m from 3Q 2021). Profit margin: 20% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: ৳0.79 (vs ৳0.29 in 2Q 2021) Second quarter 2022 results: EPS: ৳0.79 (up from ৳0.29 in 2Q 2021). Revenue: ৳3.32b (up 46% from 2Q 2021). Net income: ৳702.6m (up 174% from 2Q 2021). Profit margin: 21% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jul 08
Mutual Trust Bank Limited Appoints Md. Khalid Mahmood Khan as Chief Business Officer Mutual Trust Bank Limited announced that Md. Khalid Mahmood Khan, Deputy Managing Director of Mutual Trust Bank Limited, has recently been appointed as Chief Business Officer of the bank with effect from July 01, 2022. He was promoted to the rank of Deputy Managing Director of MTB with effect from April 01, 2021. Prior to that elevation, Khalid was serving Mutual Trust Bank Limited as Senior Executive Vice President & Head of Wholesale Banking Division - 02. Out of 22 years of his service duration at MTB, he has successfully served the bank as the Manager of three important branches of MTB such as Principal Branch, Dilkusha Branch & Panthapath Branch for 13 years. After completing Masters from the University of Dhaka, he also obtained his MBA. He started his career as a Probationary Officer of Agrani Bank Limited in 1994. Khalid has 27 years of front-line banking experience in relationship management of diverse customer segments that is Corporate, Financial Institutions, Emerging Corporate, Local Corporate and SME & Retail and practical knowledge in Lending, Recovery, International Trade, Foreign Exchange & General Banking. Khalid has attended various local and overseas training courses and seminars, and frequently delivers lectures on diverse banking related topics. Announcement • May 26
Mutual Trust Bank Limited, Annual General Meeting, Jun 15, 2022 Mutual Trust Bank Limited, Annual General Meeting, Jun 15, 2022, at 11:30 Bangladesh Standard Time. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS ৳0.26 (vs ৳0.68 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ৳2.26b (up 8.9% from 2Q 2020). Net income: ৳272.2m (down 51% from 2Q 2020). Profit margin: 12% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 06
Mutual Trust Bank Limited Recommends Dividend for the Year Ended on December 31, 2020 Mutual Trust Bank Limited at its AGM to be held on June 26, 2021 recommended 10% stock dividend for the year ended on December 31, 2020. Announcement • Feb 09
Mutual Trust Bank Limited Appoints Mohammad Aminul Haque as Group Chief Financial Officer Mohammad Aminul Haque has recently been appointed as the Group Chief Financial Officer (GCFO) of Mutual Trust Bank Limited (MTB). Prior to joining MTB, he was the CFO of Trust Bank Limited. He also served as CFO of
Southeast Bank Limited. Besides, he also served as audit in-charge of different MNCs like BAT, Chevron and BEOL. Aminul is also a Guest Faculty of ICAB and a member of different committees of ICAB. Announcement • Jan 28
Faruq Ahmad Siddiqi Joins as Independent Director of Mutual Trust Bank Faruq Ahmad Siddiqi has recently joined as an Independent Director of Mutual Trust Bank Limited. Prior to this, he served as Independent Director of Runner Motors Limited and Apex Tannery Limited for full term. He also served as Independent Director of Al- Arafah Islamic Bank Limited. Currently, he is serving as an Independent Director of Summit Power Limited. Announcement • Jan 15
Mutual Trust Bank Limited Announces Board Appointments Mutual Trust Bank Limited announced that the Board of Directors has elected Mr. Md. Wakiluddin as the Chairman and Mr. Md. Abdul Malek as the Vice Chairman of the Company with effect from January 01, 2021. Is New 90 Day High Low • Jan 05
New 90-day high: ৳24.30 The company is up 1.0% from its price of ৳24.10 on 07 October 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 7.0% over the same period. Announcement • Dec 01
Mutual Trust Bank Appoints Tarik Ur Rahman Appoints as Director Mutual Trust Bank Limited announced that Tarik Ur Rahman has recently been appointed as a Director of the company. Presently, he is also serving Pioneer Insurance Company Limited (PICL) as Managing Director & CEO (CC). Announcement • Nov 19
Mutual Trust Bank Limited Announces Board Changes Daniel de Lange, as the representative of Norfund, has replaced Herbert Ludwig Jaeger and been appointed as a Director of Mutual Trust Bank Limited (MTB). Norfund holds 9.53% of the outstanding shares of MTB. Norfund is owned and funded by the Norwegian Government and is the Governments most important tool for strengthening the private sector in developing countries, and for reducing poverty. de Lange was a member of the management team and board of directors of a London-listed company focused on investment in, and development of, alternative energy projects. As a member of the main and investee boards, he was involved in oversight of all aspects of the company.
He currently is a senior advisor to responsibility Investments AG, a USD 3 billion Zurich-based impact asset manager focused on the finance industry and renewable energy in Asia, Africa and Latin America. He is on the Investment Committee of the ACPF fund, involved in approving new investments, as well as undertaking risk and other related activities. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳1.35b, down 26% from the prior year. Total revenue was ৳9.52b over the last 12 months, up 15% from the prior year. Announcement • Jul 19
Mutual Trust Bank Limited to Report Q2, 2020 Results on Jul 27, 2020 Mutual Trust Bank Limited announced that they will report Q2, 2020 results on Jul 27, 2020 Announcement • Jun 30
Mutual Trust Bank Limited to Report Q1, 2020 Results on Jun 30, 2020 Mutual Trust Bank Limited announced that they will report Q1, 2020 results on Jun 30, 2020 
