Report on Human Resource Management of Rahimafrooz CNG Ltd.
2.1 Mutual Trust Bank Limited: An Overview:
To achieve financial ideology Mutual Trust Bank Ltd was established (registered) as a public limited company on 29 September 1999. The inaugural ceremony took place on 27 September 1999. Some very renowned Banking Personnel and businessmen of the country are the sponsors of the bank. The Bank is committed to contribute significantly in the national economy. It has made a positive contribution towards the socio economic development of the country by opening 49 branches on which 16 authorized dealer (AD) throughout the country. To render improved services to the clients imbued with banking spirit of brotherhood peace and fraternity and by developing an institutional cohesion. The Bank is committed towards establishing welfare oriented banking system, economic uplift of the lower-income group of people, create employment opportunities.
2.2 Organization structure of Mutual Trust Bank Ltd:
Mutual Trust Bank Ltd. (MTBL) was incorporated on 29 September 1999, under the company’s act-1994 as a pioneer commercial bank in the private sector in Bangladesh with its Head Office in Dhaka. The bank started functioning from 05th October 1999 with the approval of Bangladesh Bank under the guidelines, rules and regulations given for scheduled commercial banks operating in Bangladesh.
2.3 Capital structure of Mutual Trust Bank Limited:
The authorized capital of Mutual Trust Bank Ltd. is 38, 00,000,000 divided into 38,000,000 ordinary shares of Tk.100 each. The total paid up capital rose to taka 2120.00 million at the end of 2009. At present the composition of the existing shareholders of the bank is as under:
1) Bangladeshi sponsors/ Directors: 41.59%
2) Bangladeshi General Public: 27.55%
3) Institute: 30.86%
2.4 Membership Of Mutual Trust Bank:
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI, D)
The Institute of Banker’s Bangladesh (IBB)
Bangladesh Foreign Exchange Dealer’s Association (BAFEDA)
Bangladesh Institute of Bank Management (BIBM)
International Chamber of Commerce Bangladesh Limited (ICCB)
Association of Bankers Bangladesh Limited (ABB)
Bangladesh Association of Publicly Listed Companies (BAPLC)
American Chamber of Commerce in Bangladesh (AMCHAM)
2.5 Corporate Mission and Vision Mutual Trust of Bank Ltd:
2.5.1 Mission Of Mutual Trust Bank:
We aspire to be one of the most admired banks in the nation and be recognized as an innovative and client-focused company, enabled by cutting-edge technology, a dynamic workforce and a wide array of financial products and services.
2.5.2 Vision Of Mutual Trust Bank:
Mutual Trust Bank’s vision is based on a philosophy known as MTB3V. We envision MTB to be:
One of the Best Performing Banks in Bangladesh
The Bank of Choice
A Truly World-class Bank
2.6 Mutual Trust Bank Board of Directors:
The following are members of the MTB Board of Directors. To view their brief biographies please click on the names.
2.7Structure of MTBL:
2.8 Management Hierarchy:
2.9Corporate Website Of Mutual Trust Bank:
2.10 Business Objectives of Mutual Trust Bank:
• Make sound investments.
• Meet capital adequacy requirement at all the time.
• Ensure 95% recovery of all advances
• Ensure a satisfied work force.
• Focus on fee-based income.
• Adopt an appropriate management technology.
• Install a scientific MIS to monitor Bank’s activities
2.11 Product Service Information of Mutual Trust Bank: