About Mutual trust bank ltd.
Mutual Trust Bank Ltd.: A Trusted Name in Banking
Mutual Trust Bank Ltd. (MTB) is a leading commercial bank in Bangladesh that has been providing innovative banking solutions to its customers since 1999. The company was incorporated as a Public Limited Company under the Companies Act 1994, with an Authorized Share Capital of BDT 1,000,000,000 divided into 10,000,000 ordinary shares of BDT 100 each. Today, MTB's Authorized Share Capital stands at BDT 10,000,000,000 divided into 1,000,000,000 ordinary shares of BDT 10 each.
MTB's mission is to be the best performing bank in Bangladesh by delivering superior financial performance and exceptional customer service. The bank has a strong commitment to corporate social responsibility and sustainable development and aims to create value for all stakeholders.
Products and Services
MTB offers a wide range of products and services tailored to meet the needs of its diverse customer base. These include:
1. Retail Banking: MTB provides various retail banking services such as savings accounts; current accounts; fixed deposits; loans for personal needs such as education or medical expenses; credit cards; debit cards; internet banking facilities etc.
2. Corporate Banking: MTB offers customized solutions for corporate clients including working capital finance; term loans for project financing or expansion purposes; trade finance facilities like letters of credit (LCs), guarantees etc.; cash management services etc.
3. SME Banking: MTB provides specialized banking services for small and medium-sized enterprises (SMEs) including working capital finance; term loans for business expansion or modernization purposes etc.
4. Islamic Banking: MTB also offers Shariah-compliant Islamic banking products and services through its subsidiary - Mutual Trust Bank Islami Banking Division (MTBIBD). These include Mudaraba Savings Accounts based on profit-sharing principles instead of interest-based returns offered by conventional banks.
5. NRB Banking: For Non-Resident Bangladeshis (NRBs), MTB provides various deposit schemes like Foreign Currency Deposit Accounts (FCDAs); Non-Resident Taka Accounts (NRTAs); Non-Resident Investor's Taka Account (NITA) etc., along with other remittance-related services like inward foreign remittances from abroad via SWIFT network or MoneyGram/Western Union money transfer agents worldwide.
6. Treasury Services: For institutional clients such as banks/financial institutions/corporates/government entities/NGOs/MFIs/development partners/international organizations etc., MTBs Treasury Division offers various treasury products/services including foreign exchange transactions/dealing/brokerage/hedging options/swaps/options/futures/trading platforms/electronic trading systems/market research reports/treasury advisory services etc.
Technology-driven Innovation
In today's digital age where technology is rapidly changing the way we live our lives - from online shopping to mobile payments - it is essential that banks keep up with these changes too if they want to remain relevant in their customers' lives.
To this end,Mutual Trust Bank Ltd.has invested heavily in technology-driven innovation over the years which has enabled it to offer cutting-edge digital solutions that make banking more convenient than ever before.
Some examples are:
1.MTB Mobile App : This app allows customers access their account information anytime anywhere using their smartphones/tablets/laptops/desktops without having visit any branch physically.
2.Internet Banking : This facility enables customers perform various transactions online such as fund transfers between own accounts/third-party accounts within/outside the bank ; bill payments ; mobile top-ups ; cheque book requests ; statement downloads ; loan applications tracking/status updates ; card blocking/unblocking requests & many more
3.Cardless ATM Withdrawal : With this feature ,customers can withdraw cash from ATMs without using any physical card .Instead ,they can generate one-time PIN codes via SMS /Mobile App & use them at designated ATMs across country .
4.SMS Alert Service : Customers receive real-time notifications/alerts via SMS/email on every transaction made through their account(s) which helps them keep track on their account activities & detect any unauthorized access immediately .
5.E-KYC Verification : This process allows new/existing customers complete KYC formalities digitally without having submit hard copies documents physically .This saves time & effort both parties involved .
Awards And Recognitions
Over the years,Mutual Trust Bank Ltd.has received numerous awards recognitions both locally internationally which reflect its commitment towards excellence innovation.Here are some notable ones :
1.Best Digital Bank Award at Bangladesh Brand Forum Awards
2.Best Retail Bank Award at Asian Business Awards
3.Best Corporate Social Responsibility Award at Global CSR Summit
4.Bangladesh Best Employer Brand Award by World HRD Congress
5.AAA Credit Rating by Credit Rating Agency Of Bangladesh Limited(CRAB)
6.'Best Managed Commercial Banks' award by Asian Development Bank(ADB)
Conclusion
Mutual Trust Bank Ltd.is one of most trusted names in Bangladeshi banking industry.It has come long way since its inception back in late nineties but still continues strive towards excellence innovation order provide best possible experience its valued customers.With wide range products/services backed up latest technologies coupled with strong focus corporate social responsibility sustainable development,it no wonder why so many people choose put trust Mutual Trust!
mutualtrustbank.com
