Mutual Trust Bank Limited
Asia
Region
227.5
Commitment (MNOK)
Active
Status
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.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 227.5
- Year:
- 2019
- Region:
- Asia
- Country:
- Bangladesh
- Domicile:
- Bangladesh
- Instrument:
- Equity and Loans
- Status:
- Active
- Mandate:
- Development
Links and documents
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