It is a broadly described annual report (Directors’ Report) of Mutual Trust Bank Limited in the year of 2014. Provision for Income Tax MTB’s provision for income tax was BDT 967.84 million in 2014 compared to BDT 826.06 million in 2013. Total assets of MTB stood at BDT 115.705 million in 2014 compared to BDT 100.732 million in 2013, with a growth of 14.86 percent. MTB’s interest income increased by 8.14 percent to BDT 9,717 million in 2014. The income from investments Commission and brokerage increased to BDT 3.889.75 million compared to BDT 3.591.12 million in 2013 with a growth of 8.32 percent. MTB’s total operating income increased by 23.95 percent to BDT 5.725 million during the year 2014 compared to BDT 4.619 million in 2013. Profit before tax stood at BDT 1.929.40 million in 2014 with a growth of 37.88 percent as against BDT 1,399.31 million in 2013. Net profit after tax recorded a resounding growth of 67.74 percent to BDT 962 million in 2014 compared to BDT 573 million in 2013. MTB’s basic Earnings per share (EPS) increased to BDT 3.12 in 2014 compared to BDT 1.86 in 2013.
The Board of Directors has recommended @20% stock dividend for the year 2014. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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