Entrepreneurial Director of MTB Announces Share Purchase

Industry: Bank, Financial, Stock Brokerage
Company: Mutual Trust Bank Limited (MTB)
Company Intelligence Tag: Regulatory Insights

Syed Manzoor Elahi, the Director of Corporate Entrepreneurship at Mutual Trust Bank Limited, has announced the purchase of 6 lakh shares of the bank, according to sources from the Dhaka Stock Exchange (DSE). The shares will be acquired from the public market within the next 30 working days at the current market price. Additionally, the bank’s board has declared a 10 percent bonus dividend for shareholders after reviewing the financial report for the year ended December 31, 2022. The bank’s earnings per share (EPS) for that period was Tk 2.65, the net asset value per share (NAVPS) was Tk 23.87, and the cash flow per share was Tk 13.82. Mutual Trust Bank Limited, listed on the capital market since 2003 and categorized as ‘A’, has a paid-up capital of Tk 893 crore 74 lakh 50 thousand against authorized capital of Tk 1,000 crore, with reserves totaling Tk 962 crore 20 lakh.

Source for more details:

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here