The New Nation - Internet Edition

BUSINESS REPORTER

Mutual Trust Bank Limited (MTBL) has approved 5:1 right shares (one right share against five existing shares) and 25 per cent stock dividend for its shareholders for the year 2007.

The approval of rights share was given in the 10th extra-ordinary general meeting (EGM) while the stock dividend approval was given at the ninth annual general meeting (AGM) of the bank held at Bangladesh-China Friendship Conference Centre in the city recently.

Chairman of the board of directors of the bank Samson H Chowdhury presided over the meetings.

MTBL Founding Chairman Syed Manzur Elahi, Vice Chairman Arif Dowla, Managing Director Kazi Md Shafiqur Rahman and other directors of the bank were present on the occasion.

A large number of shareholders of the bank attended the meetings.