Mutual Trust Bank limited (MTB) held its Half Yearly Business Conference 2009 on August 1, 2009 at the Pan Pacific Sonargaon Hotel, Dhaka. MTB Chairman Samson H. Chowdhury attended the inaugural ceremony, as the chief guest. MTB Founder Chairman Syed Manzur Elahi and Director M. A. Rouf were present as special guests. The bank's Managing Director & CEO Anis A. Khan, senior management team, Heads and Deputy Heads of Branches, Brokerage Houses and SME Service Centers were all present at the semi-annual business review and planning event.Samson H Chowdhury said that the human resources team of the Bank was being rejuvenated, reorganized and provided with the appropriate technical, leadership and motivational training, both at home and abroad. He appreciated the efforts taken by the Management for attaching top priority on building a strong brand image for the Bank. He added that the Board of Directors and senior management team were taking synergistic, well coordinated and dynamic initiatives to instill vigour, vitality, motivation and enthusiasm in the entire organization, which will contribute to MTB's transformation into a world class bank. Syed Manzur Elahi appreciated the efforts taken by the management team in taking the bank forward and pledged the Board's continued support in the future.MTB Managing Director & CEO Anis A. Khan reviewed the business performance for the half year period ending June 30, 2009. The bank's balance-sheet footing increased by over 15%, as at this half-year end, compared to the corresponding previous half-year. Operating profit grew by 30%, while profit after tax notched a 505% growth over January - June 2008. EPS (annualized) showed a healthy increase to BOT 39.65 from BOT 9.25, whilst shareholder equity grew by about BOT 1 billion to BOT 2.98 billion as at June 30, 2009. ROA rose to 1.56% from 0.33% whilst ROE grew to 23.47% from 5.78%The business and branch heads made presentations on their performance, prospects and problems. The MTB MD & CEO suggested action plans for quick implementation to achieve the budget for 2009. He then unveiled a strategic plan incorporating short, medium and long term mission and goals for MTB, which will be sewn in to a five year strategic plan with action plansMonday, August 10, 2009
Mutual Trust Bank Holds Half Yearly Business Conference
Mutual Trust Bank limited (MTB) held its Half Yearly Business Conference 2009 on August 1, 2009 at the Pan Pacific Sonargaon Hotel, Dhaka. MTB Chairman Samson H. Chowdhury attended the inaugural ceremony, as the chief guest. MTB Founder Chairman Syed Manzur Elahi and Director M. A. Rouf were present as special guests. The bank's Managing Director & CEO Anis A. Khan, senior management team, Heads and Deputy Heads of Branches, Brokerage Houses and SME Service Centers were all present at the semi-annual business review and planning event.Samson H Chowdhury said that the human resources team of the Bank was being rejuvenated, reorganized and provided with the appropriate technical, leadership and motivational training, both at home and abroad. He appreciated the efforts taken by the Management for attaching top priority on building a strong brand image for the Bank. He added that the Board of Directors and senior management team were taking synergistic, well coordinated and dynamic initiatives to instill vigour, vitality, motivation and enthusiasm in the entire organization, which will contribute to MTB's transformation into a world class bank. Syed Manzur Elahi appreciated the efforts taken by the management team in taking the bank forward and pledged the Board's continued support in the future.MTB Managing Director & CEO Anis A. Khan reviewed the business performance for the half year period ending June 30, 2009. The bank's balance-sheet footing increased by over 15%, as at this half-year end, compared to the corresponding previous half-year. Operating profit grew by 30%, while profit after tax notched a 505% growth over January - June 2008. EPS (annualized) showed a healthy increase to BOT 39.65 from BOT 9.25, whilst shareholder equity grew by about BOT 1 billion to BOT 2.98 billion as at June 30, 2009. ROA rose to 1.56% from 0.33% whilst ROE grew to 23.47% from 5.78%The business and branch heads made presentations on their performance, prospects and problems. The MTB MD & CEO suggested action plans for quick implementation to achieve the budget for 2009. He then unveiled a strategic plan incorporating short, medium and long term mission and goals for MTB, which will be sewn in to a five year strategic plan with action plans
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