FCI welcomes its first Associate Member in Bangladesh: Mutual Trust Bank Limited | FCI
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FCI welcomes its first Associate Member in Bangladesh: Mutual Trust Bank Limited
Mutual Trust Bank Ltd
20 August 2020

Mutual Trust Bank Limited (MTB) is one of the leading third generation private sector commercial banks in Bangladesh.

Over the years, through dedicated customer services, creating a team of highly skilled professional bankers, expansion of the branch network and developing a strong IT platform, the bank has gradually emerged as a highly reputed bank in the country. It aspires to be one of the most admired and compliant banks in the country and recognized as an innovative and client-focused company. The Bank is managed by professional bankers with decades of experience in local and multi-national commercial banks both in Bangladesh and abroad.

With the asset size of over USD 3.00 billion, MTB operates with a network of 118 branches and 140 Agent Banking Centers and serving more than one million customers across the country. 

In order to facilitate businesses of customers of special zones and extending foreign currency credit facilities to corporate clients, MTB has its own Offshore Banking Unit with a Balance Sheet size of over USD175 million. Moreover, With a view to rendering dedicated service to a local multinational companies and to provide one stop services to attract Foreign Direct Investment (FDI), MTB has its unique MNC Banking Unit.

Being a trade focus bank, MTB is currently availing credit lines over 65 foreign correspondent banks and operating its trade service with the global network of over 600 correspondent banks. Moreover, MTB is currently acting as “participating issuing banks” of Asian Development Bank (ADB) under their Trade Finance Program (TFP), which is currently renamed as “Trade and Supply Chain Finance Program (TSCFP).

Besides, MTB is currently enjoying USD12.50 million revolving credit line facility from ADB along with USD20.00 million long terms foreign currency credit loan facilities from the DEG KFW and NORFUND – A German and Norwegian based Multilateral Development Finance Agencies respectively. NORFUND has also made an equity investment of USD20.52 million and currently holding 9.5281% of equity stock of the Bank with one board seat.