MTB invests in treasury bills, bonds as private sector credit growth declines
Staff Correspondent
Mutual Trust Bank PLC (MTB) has invested in treasury bills, bonds and lending to some other banks facing liquidity shortfalls under the central bank guarantee in the face of investment and the corresponding private sector credit growth slowing down in the economy, according to Syed Mahbubur Rahman, MTB Managing Director & CEO.
“The MTB has enough liquidity to invest but the bank was forced to invest in bills/ bonds as private credit growth decreased due to the central bank’s tight monetary policy,” he said while speaking at a 'Meet the Press' on the occasion of the 25th founding anniversary of the bank.
Mahbubur said the MTB has maintained good governance strictly in each sector's operations, which has been possible due to not interfering with operations of the bank.
As a result, despite the liquidity crisis in many banks, the deposits in the MTB increased regularly, he pointed out.
He reflected on MTB's 25-year journey, highlighting the bank’s role in strengthening Bangladesh’s banking sector and economy. The bank set up its strong connection with over 1.3 million customers.
As of today, MTB operates with 120 branches, 41 sub-branches, 336 ATMs (including 28 CRM), 3,117 POS terminals, 182 Agent Banking Points, 3 Cash Deposit Machines (CDM), 8 Air Lounges, and 4 Foreign Exchange Booths to support the customers.
The MTB organised different programs including honoring the contributions, customers, and stakeholders across the country to celebrate the founding.
