entities in the banking industry of Bangladesh. Now MBL has emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The bank has been conducting its operation for more than an era by giving customized services and maintaining harmonious banker-client relationship and creating new opportunities. 2.2 Network: The Bank has 109 branches including 5 (Five) SME/Krishi branches as on December 31, 2015. The Bank has 2 (Two) Off-shore Banking Units (OBU) operating at Gulshan and Chittagong EPZ areas. MBL has 136 ATMs and 20 CDMs (Cash Deposits Machine) as on December 2015 covering important locations across the country. A total of 10(ten) new branches are going to be opened during the year 2016 for providing better products and services to its customers. 2.3 Subsidiaries: MBL has 2 (Two) subsidiaries namely ‘Mercantile Bank Securities Ltd (MBSL)’ and ‘Mercantile Exchange House (UK) Limited’. MBSL formed on 27 June 2010 to deal with stock dealing and broking. Mercantile Exchange House (UK) Limited, another subsidiary company of MBL incorporated as private limited company on December 01, 2010. 2.4 Corporate information at a glance:
Name of the Bank Mercantile Bank Limited Status Public Limited Company Logo Mercantile Bank Limited efficiency Is our strength The company Philosophy “Efficiency is our strength” Date of Incorporation May20, 1999 Date of Commencement June 02, 1999. Subscription for Shares October 21-22, 2003 Listed in Dhaka Stock Exchange February 16, 2004 Listed in Citation Stock Exchange February 26, 2004 Head Office 61, Dilkusha Commercial Area, Dhaka- 1000 Phone +880-2-9559333, 01711-535960 E-mail [email protected] Website Founder Chairman (Deceased) Md. Abdul Jail Present Chairman Al-Haj Akram Hossain (Humayun) Managing Director& CEO Kazi Masihur Rahman Number of Employees 2,117 Number of Branches 109 SWIFT MBLBBDDH Services provided Deposit scheme, credit facility and foreign exchange services Technology used Member of SWIFT, online banking, UNIX based computer system 2.5 Vision and Mission: Vision: Would make finest corporate citizen Mission: Will become most caring, focused for equitable growth based on diversified deployment of resources and nevertheless would remain healthy and gainfully profitable Bank. 2.6 Objectives:
Strategic objectives • To achieve positive Economic Value Added (EVA) each year. • To be market leader in product innovation. • To be one of the top three Financial Institutions in Bangladesh in terms of cost efficiency. • To be one of the top five Financial Institutions in Bangladesh in terms of market share in all significant market segments we serve. Financial objectives • To achieve 20% return on shareholders’ equity or more, on average. 2.7 Core Value: For the customers : Providing with caring services by being innovative in the development of new banking products and services.
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