MTB clarifies its position

The Mutual Trust Bank Limited (MTBL) has clarified its position regarding reports published in a section of the media on the blacklisting of five local banks by China.

In a statement, the private bank expressed its dismay over naming MTB among the blacklisted lenders in those reports.

"We are greatly perturbed with the wrong reporting that MTBL is a black-listed bank, when such is not the case," the bank's managing director and CEO Anis A. Khan said.

Referring to a blacklist notice dated June 22, 2014 of the Economic and Commercial Counsellor's office of the Chinese Embassy in Dhaka, he also said the name of the MTB was not in it.