About Zhejiang Mintai Commercial Bank (MTB)
Zhejiang Mintai Commercial Bank, formerly Wenling Urban Credit Cooperative established in May 1988 and headquartered in Wenling City of Zhejiang Province, was transformed into a joint-stock commercial bank in August 2006 upon approval of China Banking Regulatory Commission. Mintai Bank has presence in 19 provinces through 12 branches and 159 sub-branches & 10 subsidiaries Mintai Bank has become a modern commercial bank with standardized management, flexible operation, effective internal control, distinctive features, and excellent service and efficiency. Since 2010, it has been ranked among the “Top 1000 Global Banks” by the British “Banker” magazine.
At the end of 2020, the total assets are up to 170.91 billion yuan, the balance of deposits is up to 114.78 billion yuan, and the balance of loans is up to 106.65 billion yuan. And our net capital is 15.13 billion yuan, capital adequacy ratio is 12.12%
About LC Advising Services
Currently Zhejiang Mintai Commercial Bank provides LC advising Services in Bangladesh market. Currently MCB maintain correspondent banking relationship with 25 Bangladeshi banks.
ITTS have a team of RMs to provide best services to banks in bangladesh. We have online LC Tracking system to track advising status of the LCs routed trough Zhejiang Mintai Commercial Bank (SWIFT Code : ZJMTCNSH). Our Online LC tracker facility enable all related parties (LC issuing bank, Importer & Exporter) to see the latest position of the LC advising status simply entering LC number . This LC tracking facility drastically reduce the working pressure of banks related to issuing and advising process of China bound LCs.