MTB remains strong amid financial tough times, says MD and CEO Mahbubur Rahman
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MTB stays strong amid financial tough times: MD-CEO Mahbubur Rahman
FE Report
Mutual Trust bank (MTB) has remained strong due to the corporate governance of its management even as the country’s financial sector has faced tough times, a top official of MTB said on Tuesday.
“We uphold a strong position due to the good governance ensured by our board,” said MTB Managing Director & CEO Syed Mahbubur Rahman.
When many banks struggled with foreign currency and import payments in 2022, MTB did not face any issues due to its strong governance, he said, adding that MTB currently does not face any liquidity crisis unlike many other banks.
The MTB chief made the remarks during a ‘meet the press’ event at the Samson H. Chowdhury Auditorium of MTB Tower in the city’s Bangla Motor area on Tuesday, ahead of the bank’s 25th founding anniversary on Thursday.
Reflecting on MTB's 25-year journey, Mr Rahman highlighted the bank’s role in strengthening Bangladesh’s banking sector and economy.
“MTB’s success is built on Mutual Trust, and our progress over the last quarter-century reflects the strong relationships we’ve formed with over 1.3 million customers,” he said.
“Our commitment to innovation, from launching virtual debit cards to digital nano loans, will continue to guide our future”.
The MTB chief noted that the bank considered the front-runner of digital banking in the country. “The platform we have already established and are continuously enhancing will help us provide excellent digital banking services to our customers,” he added.
Responding to queries, he said that one per cent of MTB loans have been non-performing (NPL) in last several years.
“People trust us because of good governance. Also, deposits have increased significantly in the last few months.
According to the information available, at present MTB operates with 120 branches, 41 sub-branches, 336 ATMs (including 28 CRM), 3,117 POS terminals, 182 Agent Banking Points, three Cash Deposit Machines (CDM), eight Air Lounges, and foreign exchange booths—supported by over 3,500 officials.
A weeklong celebration will take place across MTB Centre, MTB Tower, MTB branches and sub-branches nationwide, honouring the contributions of employees, customers, and stakeholders, as the bank continues its journey of trust and progress.