Mutual Trust Bank (MTB) saw its profit rise in 2024, driven by steady growth across its operations. The bank has recommended a 10 percent stock dividend to strengthen its capital base and sustain business expansion.

The private commercial lender reported a consolidated profit of Tk 569.84 crore for the year ending 31 December 2024, reflecting a 10 percent increase compared to the previous year.

Its consolidated earnings per share (EPS) stood at Tk 3.22, up from Tk 2.91 in 2023, according to a disclosure published on the Dhaka Stock Exchange (DSE) website yesterday.

Despite the rise in earnings, the bank's shares closed 2.54 percent lower at Tk 11.50 on the DSE.

The bank's net operating cash flow per share surged to Tk 50.22, marking a jump from Tk 15.59 a year earlier.

The bank's board has recommended a 10 percent stock dividend for 2024.

In its filing, MTB said the recommended bonus shares were intended to "strengthen the bank's capital base, support business growth, and enhance key capital adequacy ratios".

As of 31 March 2025, sponsor-directors owned 46.17 percent of the bank's shares, while institutional investors held 14.24 percent.

Foreign investors accounted for 31.97 percent, and general shareholders held the remaining 7.62 percent.

Founded in 1999, MTB now runs 120 branches, 46 sub-branches, 182 agent banking centres, 336 ATMs, including 27 cash recycling machines (CRMs), eight airport lounges, and more than 3,100 point-of-sale machines across the country, according to its website.