Mutual Trust Bank
- Company typePublic
- Founded1999
- HeadquartersDhaka, Bangladesh
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Mutual Trust Bank does
Mutual Trust Bank PLC (MTB) is a Bangladeshi scheduled commercial bank founded in 1999 and publicly listed on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under the ticker MTB. Headquartered in Dhaka's Gulshan district, the bank provides a full spectrum of banking services across retail, wholesale, SME/agri, and non-resident Bangladeshi (NRB) segments. It operates a multi-channel distribution network combining physical branches, agent banking outlets, and digital platforms including MTB Neo (mobile banking), MTB Neo Web (internet banking), and MTB eBank (corporate cash management). The bank also offers MEasy, an e-KYC-enabled onboarding solution that supports remote account opening.
MTB's business model is grounded in traditional commercial banking revenue mechanics: net interest income from advances and investments, transaction and service fees, remittance commissions, and digital service charges. The corporate/wholesale franchise is supported by API-driven cash management products, while retail and SME/agri lending is diversified across consumer, agricultural, and small-business segments. Green financing has been added as a distinct product line following the 2024 BIO USD 15 million facility. The bank also operates subsidiaries — MTB Securities (brokerage), MTB Capital (investment banking), and MTB Foundation (CSR) — which extend the franchise into capital markets and corporate social responsibility while creating cross-sell opportunities for the parent.
Strategically, MTB has been pursuing incremental growth through partnerships with Runner Motors, SMC Enterprise, and the Bangladesh Start-up Investment Company, alongside leadership refresh at the Deputy Managing Director level. The digital buildout (MTB Neo, e-KYC, eBank) reflects a channel-shift strategy intended to lower the cost-to-serve and reach underbanked segments. As a mid-tier Bangladeshi private commercial bank, MTB competes on branch and digital reach rather than differentiated technology, with revenue and growth trajectory aligned to the broader Bangladeshi banking sector rather than to outlier expansion.
Mutual Trust Bank firmographics
Firmographics- Name
- Mutual Trust Bank
- Legal name
- Mutual Trust Bank PLC
- Website
- https://mutualtrustbank.com
- Company type
- Public
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Mutual Trust Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- State Commercial Banks (6022), National Commercial Banks (6021), Personal Credit Institutions (6141)
- akta.pro primary industry
- Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Mutual Trust Bank is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices1 record
Markets served
Mutual Trust Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional banking interest income from lending activities including retail loans, SME financing, and wholesale banking services.
- Transaction and Service Fees: Fees from cash management services, payment processing, wire transfers, and other banking transaction services.
- Digital Banking Services: Revenue from digital banking services including mobile app features, internet banking, and card-related services.
- Green Financing: Sustainable financing through green financing windows supporting renewable energy, energy efficiency, and environmental projects.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Mutual Trust Bank product offering
Product offeringCore offering
Mutual Trust Bank PLC is a publicly listed scheduled commercial bank in Bangladesh offering deposit accounts, retail and corporate loans, credit/debit/prepaid cards, wholesale cash management, SME and agricultural financing, Islamic banking (MTB Yaqeen), NRB remittance banking, and green/sustainable financing through a multi-channel platform of branches, agent banking, mobile and internet banking, and corporate e-banking. It also operates wholly owned capital market subsidiaries (MTB Securities and MTB Capital) and a CSR foundation.
Product overview
Mutual Trust Bank PLC is a commercial bank in Bangladesh operating a platform-plus-modules architecture with a comprehensive portfolio of products organized across retail, wholesale, SME, digital banking, NRB banking, treasury, and sustainable finance divisions. Core platforms include MTB Neo (mobile banking app), MTB eBank (corporate banking platform), and MEasy (digital account opening with e-KYC). The retail banking suite spans deposit products, loan products, credit/debit/prepaid cards (including contactless, co-branded, MPay, FlexiPay), and specialized segments such as MTB Islamic (Yaqeen) for Sharia-compliant banking, MTB Angona for women empowerment banking, privilege banking, payroll banking, and student banking. Card reward programs include MRewardz and MTB Delight. The SME & Agri division offers specialized products for women entrepreneurs, refinance schemes, financial inclusion programs, and cluster development. Green Financing Windows provide sustainable finance across renewable energy, waste management, and environment-friendly production. MTB Air Lounge offers airport lounge services at major Bangladeshi airports. Digital banking features include Voice Assisted Banking and MTB MuthoPay. The bank maintains subsidiaries MTB Securities, MTB Capital, and MTB Foundation, and has entered API-driven cash management partnerships with corporate clients.
Differentiator
Problem solved
Functional benefit
Brands
- MTB Neo: A free financial app service available to all MTB customers, providing easy and secure access to banking services 24/7 through Android and iOS devices.
- MTB eBank
- MTB Islamic (Yaqeen)
- MTB Angona
- MEasy
- MTB Air Lounge
Products and services
- MTB Neo Mobile Banking App
Quantifiable outcome
- First foreign currency transaction in Bangladesh by BIO for MSME and sustainable finance support
Companies that use Mutual Trust Bank
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Mutual Trust Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Mutual Trust Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Runner Motors PLCcoreStrategic partnership for API-driven cash management services. Runner Motors utilizes MTB's integrated cash management services for nationwide distributor and sales collections, along with MTB eBank for payment processing and online collections through DDI. Features include biometric authentication on MTB eBank App, marking the first implementation of its kind in Bangladesh's local banking industry.
- SMC Enterprise LimitedcoreCash management services agreement enabling SMC Enterprise to process all types of transactions through MTB's corporate banking platform MTB eBank. The platform features biometric authentication for transaction approvals. Both companies' senior officials attended the signing ceremony, marking a collaboration between a bank and a health, consumer and pharmaceutical products organization.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Mutual Trust Bank competitors and assessment
Company assessmentDirect peers
- Prime Bank: Bangladesh commercial bank with retail, SME, corporate, and treasury operations. Comparable mid-tier competitor to MTB with comparable product breadth and digital ambitions (Altitude).
- Dutch-Bangla Bank: Bangladesh commercial bank widely recognized for its agent banking and digital payment network (Rocket/NexusPay). Highly comparable to MTB on retail digital banking and financial inclusion focus.
- The City Bank: Bangladesh scheduled commercial bank offering retail, SME, corporate, and NRB banking. Competes head-to-head with MTB across segments and uses similar multi-channel digital-plus-branch distribution.
- BRAC Bank: Bangladesh commercial bank offering retail, SME, corporate, and digital banking (Astro). Directly competes with MTB across all four primary segments and is a larger mid-tier Bangladesh bank with a more developed digital franchise.
- Islami Bank Bangladesh: Largest Shariah-compliant bank in Bangladesh. Directly comparable to MTB's MTB Islamic (Yaqeen) Islamic banking window and overlaps in retail and SME segments with a much larger Islamic finance footprint.
- Eastern Bank Limited (EBL): Bangladesh commercial bank competing in retail, corporate, and treasury services with Skybanking digital platform. Comparable to MTB on full-service commercial banking and digital customer experience.
- Bank Asia: Bangladesh commercial bank serving retail, corporate, and Islamic banking segments. Directly comparable in scale and segment coverage with MTB, including agent banking and digital channels.
Emerging players
- Grameen Bank: Bangladesh microfinance institution pioneering financial inclusion and women-focused lending. Comparable to MTB on financial inclusion narrative and women-empowerment banking (MTB Angona) but operates a different non-depository microfinance model.
Broad incumbents
- HSBC Bangladesh: Global bank with Bangladesh operations focused on corporate, treasury, and wealth management. Comparable to MTB's wholesale and privilege banking but at significantly larger scale with international product capability.
- Standard Chartered Bangladesh: Multinational bank operating a Bangladesh branch network focused on corporate, transaction banking, and priority banking. Overlaps with MTB's wholesale and privilege banking, but with global scale and a foreign-bank charter.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Mutual Trust Bank social profiles
Digital presenceMutual Trust Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mutual Trust Bank leadership team
Management profileNumber of profiles
Profiles3 records
Mutual Trust Bank subsidiaries and ownership
Company hierarchySubsidiaries2 records
Mutual Trust Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mutual Trust Bank M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mutual Trust Bank
What does Mutual Trust Bank do?
Mutual Trust Bank PLC is a publicly listed scheduled commercial bank in Bangladesh offering deposit accounts, retail and corporate loans, credit/debit/prepaid cards, wholesale cash management, SME and agricultural financing, Islamic banking (MTB Yaqeen), NRB remittance banking, and green/sustainable financing through a multi-channel platform of branches, agent banking, mobile and internet banking, and corporate e-banking. It also operates wholly owned capital market subsidiaries (MTB Securities and MTB Capital) and a CSR foundation.
Is Mutual Trust Bank a public or private company?
Mutual Trust Bank is a public company. It is classified as public and is currently operating.
When was Mutual Trust Bank founded?
Mutual Trust Bank was founded in 1999. It employs 1,001 to 5,000 people.
Where is Mutual Trust Bank based?
Mutual Trust Bank is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Mutual Trust Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are transaction and Service Fees, digital Banking Services and green Financing.
Who are Mutual Trust Bank's main competitors?
Direct peers on record are Prime Bank, Dutch-Bangla Bank, The City Bank, BRAC Bank, Islami Bank Bangladesh, Eastern Bank Limited (EBL) and Bank Asia. Grameen Bank is listed as an emerging player. Broad incumbents are HSBC Bangladesh and Standard Chartered Bangladesh.
Does Mutual Trust Bank have an API?
No public API is recorded for Mutual Trust Bank.
What industry is Mutual Trust Bank in?
Mutual Trust Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABACAH, Real Estate (Commercial Property, REITs). Its NAICS code is 522110 and its SIC code is 6022.