Mutual Trust Bank
BIO has granted EUR 25 K of technical assistance to the Mutual Trust Bank, a Bangladeshi commercial bank.
Amount
€ 25,167.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Financial Institutions
Activity
Mutual Trust Bank PLC is a leading Tier-2 commercial bank active in Bangladesh since 1999. It has 156 branches/sub-branches, over 2,000 staff and it serves 1.2M clients in commercial, urban, and rural areas with a full fledge of products and services.
The institution has three subsidiaries: MTB Capital (Merchant Banking), MTB Securities (stock broker & stock dealer), and MTB Exchange (Money Service Business) and it is listed on the Dhaka and Chittagong stock exchanges since 2003.
With strong governance and ESMS in place in a country where ESG standards are usually weak, MTB is recognised as an innovative and client-focused company and has received various national awards (e.g., Best SME Bank, best Women Entrepreneurs’ Friendly Bank of the Year).
Technical assistance
The objective of the TA is to help MTB improve its capacity to attract and retain female talent in the workforce and to promote female employees in leadership positions through the establishment of an assessment and career development centre.
Economic empowerment of women through financial inclusion is central to MTB's business model: the FI has a dedicated women banking department offering financial products and non-financial services for women entrepreneurs.
Expected impact
The TA is expected to help foster a more inclusive environment at MTB, by
addressing barriers that the FI faces with respect to (i) recruitment and retention of
women employees and (ii) their promotion into leadership roles. Supporting MTB to implement evidence-based and sustainable solutions will strengthen the
FI's diversity and inclusion efforts, ultimately enhancing employee satisfaction and
organisational performance.
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