MTB awarded 'Best Performance in Risk Management' title

FE Team | Published: September 27, 2024 00:49:31

Mutual Trust Bank PLC (MTB) has been awarded the prestigious "Best Performance in Risk Management" title by the Indian Chamber of Commerce (ICC), recognising the bank's exceptional commitment to safeguarding stakeholders' interests and its excellence in risk management practices, says a statement.
MTB's comprehensive Risk Governance Framework ensures accountability at all levels, providing a solid foundation for its success.
The bank's rigorous Risk Assessment framework addresses critical risks, including credit, market, operational, liquidity, and reputational risks, using advanced quantitative and qualitative tools for precise evaluation.
With regularly tested and updated Internal Controls and real-time oversight through its Risk Measurement and Monitoring systems, MTB remains resilient against market fluctuations, ensuring operational continuity.
A key driver behind this achievement is the promotion of a Risk-Aware Culture across the organisation, fostered through continuous training, open communication, and alignment with strategic objectives. MTB's adherence to Regulatory Compliance and proactive use of Technology, including enhanced cybersecurity measures, further strengthens its defences, ensuring customer assets remain secure at our possession.
Syed Mahbubur Rahman, Managing Director & CEO of MTB, remarked, "This award is a testament to our dedication to effective risk management and protecting our customers' interests. We are honoured to be recognised by the ICC."
This accolade underscores MTB's leadership in the financial sector, reinforcing its commitment to Transparency, Performance Metrics, and Continuous Improvement for sustainable growth and operational excellence.