About Mutual Trust Bank
Mutual Trust Bank is a company based in Dhaka (Bangladesh) founded in 1999.. Mutual Trust Bank offers products and services including MTB Neo, Credit Cards, and Retail Loans. Mutual Trust Bank operates in a competitive market with competitors including Scotiabank, BRAC Bank, Social Islami Bank, Dhaka Bank and Midland Bank, among others.
- Headquarter Dhaka, Bangladesh
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mutual Trust Bank Plc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$15 M (USD), Debt – Conventional
Jun 21, 2024
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Investors
Norfund
& 1 more
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Employee Count
Employee Count
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Products & Services of Mutual Trust Bank
Mutual Trust Bank offers a comprehensive portfolio of products and services, including MTB Neo, Credit Cards, and Retail Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for secure banking transactions and account management.
Cards for contactless payments and rewards programs.
Loans for personal and business needs with flexible repayment options.
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Funding Insights of Mutual Trust Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(20 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Debt – Conventional - Mutual Trust Bank | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Mutual Trust Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mutual Trust Bank
Mutual Trust Bank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Norfund and BIO Invest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and funds of funds
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Founded Year | Domain | Location | |
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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mutual Trust Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mutual Trust Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mutual Trust Bank Comparisons
Competitors of Mutual Trust Bank
Mutual Trust Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, BRAC Bank, Social Islami Bank, Dhaka Bank and Midland Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Bangladesh since 2001.
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| domain | founded_year | HQ Location |
Commercial banking services are provided through Islamic principles in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mutual Trust Bank
Frequently Asked Questions about Mutual Trust Bank
When was Mutual Trust Bank founded?
Mutual Trust Bank was founded in 1999 and raised its 1st funding round 19 years after it was founded.
Where is Mutual Trust Bank located?
Mutual Trust Bank is headquartered in Dhaka, Bangladesh.
Who is the current CEO of Mutual Trust Bank?
Abdur Rouf Jp is the current CEO of Mutual Trust Bank.
What does Mutual Trust Bank do?
Mutual Trust Bank was established in 1999 in Dhaka, Bangladesh, as a retail banking institution. Core operations focus on serving individual clients through deposit accounts, personal loans, credit cards, and remittance services. The bank maintains its headquarters in Dhaka, with branches across Bangladesh to support local financial needs. Leadership is provided by CEO and Chairman Abdur Rouf Jp, overseeing daily banking activities in the competitive sector.
Who are the top competitors of Mutual Trust Bank?
Mutual Trust Bank's top competitors include Scotiabank, BRAC Bank and Social Islami Bank.
What products or services does Mutual Trust Bank offer?
Mutual Trust Bank offers MTB Neo, Credit Cards, and Retail Loans.
Who are Mutual Trust Bank's investors?
Mutual Trust Bank has 2 investors. Key investors include Norfund, and BIO Invest.