Mutual Trust Bank Limited

Asia

Region

378.0

Committment (MNOK)

Financial Institutions

Sector

Mutual Trust Bank Limited ("MTB") was founded in 1999 as a “third generation” private commercial bank in Bangladesh. It is listed on the Dhaka Stock Exchange. MTB is a robustly growing Private Commercial Bank (PCB). The sponsors are from diversified business groups with exposure to trading, manufacturing and services covering various sectors in Bangladesh. In May 2018, Norfund provided a first loan facility in the amount of USD 20 million to MTB. In 2019, Norfund became the largest single shareholder of MTB with 9,53% of total shares. Norfund is represented in the Board of Directors of MTB and supports the bank with TA funds.

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  • Sector: Financial Institutions
  • Committment (MNOK): 378.0
  • Year: 2019
  • Region: Asia
  • Country: Bangladesh
  • Domicile: Bangladesh
  • Instrument: Equity & Loans
  • Status: Active

More about the Bank

Additionality for Mutual Trust Bank Limited

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in the most difficult business environments
  • Mobilising private investors
  • Improving social and environmental standards
  • Supporting enterprise improvements