Mutual Trust Bank Limited (MTB) has approved 10 percent stock dividend for its shareholders for the year 2013.

The announcement came at the 15th Annual General Meeting (AGM) of the bank held at the Bashundhara Convention Center 2 in the city on Thursday.

Rashed A. Chowdhury, Chairman of the bank presided over the meeting.

The AGM approved stock dividend for the shareholders.

Syed Manzur Elahi, Founding Chairman, M. A. Rouf JP, Vice Chairman, Dr. Arif Dowla, Hedayetullah, Md. Abdul Malek, Md. Wakiluddin, Khwaja Nargis Hossain, QAFM Serajul Islam, Directors, Anwarul Amin, Sultan Hafeez Rahman, Independent Directors, Anis A. Khan, Managing Director and CEO, Quamrul Islam Chowdhury, Deputy Managing Director and Company Secretary and a large number of shareholders attended the meeting.

MTB Chairman hailed the shareholders for attending the AGM and thanked all including shareholders, customers, patrons, well-wishers, regulators, directors and staff for their support extended during the year.

In 2013, MTB earned net profit after tax amounting to Tk 573 million which was 74.84 percent higher than 2012 and the value of earning asset was Tk 85,323.09 million. The bank’s earning per share (EPS) grew to Tk 2.05 from Tk 1.17.