Mercantile Bank Limited is a commercial bank headquartered in Dhaka, Bangladesh.
Mercantile Bank Limited (MBL) was established by a group of perceptive investors aiming significant contribution to the financial system for sustainable economic growth of Bangladesh. Since its inception on June 2, 1999, the Bank has created a credible brand impression and achieved its customer’s trust and loyalty. The Bank has been driven by a bold transformation strategy, dynamic leadership, and decisive management interventions which have afforded it a strong platform to capture emerging opportunities. MBL renders customer services with evolving technology by the cluster professionals and also working for innovative and need-based banking products and services.
Public confidence is of utmost importance for the development of the banking industry in Bangladesh. Keeping that in mind, MBL ensures a culture of good corporate governance to thrive. MBL promotes greater efficiency, accountability, and transparency in its business decision. Another crucial step of MBL is to synchronize the attitudes, beliefs,s, and culture with the needs of our human resources, clients, stakeholders, and the overall financial system of Bangladesh. The Bank serves a large customer base comprising individuals and institutions through a network of friends.
MBL has been able to establish itself as a leading third-generation private commercial bank by dint of its prudent policy guidelines coupled with proper execution, a wider range of banking products, and admirable customer services. The core activities of the Bank are to provide all kinds of commercial banking services including Deposits Mobilization, Corporate Banking, SME and Consumer Businesses, Discounting bills, Foreign Exchange Business, Off Shore Banking,
Treasury function, Card business, Mobile Banking (MyCash), Internet Banking, Locker Service and Islamic Banking, etc. MBL caters to card services to its customers by VISA dual prepaid card, Credit Card, Debit card, Agent Banking, VISA Medical Card, VISA International Student Card, VISA Dual Hajj Card, and International/Dual cards with various up-to-date facilities. Mercantile Bank has started a centralized ‘MBL Contact Center’ to provide banking services to customers’ doorstep on a 24/7 basis.
History of Mercantile Bank
It is a public limited company with limited liability under the bank companies act, of 1991. Its share is listed on Dhaka Stock Exchange and Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, Islamic finance, asset management, equity brokerage, and security. It has 119 branches in Bangladesh and employs around 2,300 employees.