Background of  Mercantile Bank Limited
Subject: Business, Management | Topics:

Introduction

Banks operates most effectively to settle any transactions within different countries either trade purposes or personal purposes. I examine different aspects foreign exchanges innovation, development, regulations and related work papers to identify its impact, position and usefulness as banking procedures. The theoretical aspects related to international trade and foreign exchange transactions as well as gives idea about foreign exchange regulations used in Bangladesh to control related financial institutions. This study also tries to clarify the operating procedures of foreign exchange department of MBL as a commercial bank and also tries to identify some aspects of further improvement in operations. It may help us to provide a scenario of foreign exchange control system in Bangladesh and foreign exchange transitions procedures applied in Bangladeshi commercial banks.Mercantile Bank Limited is unique in its objectives. It is a blend of development and commercial banks. I include various points inside the report to highlight the foreign exchange performance of Mercantile Bank Limited.

Background of  Mercantile Bank Limited

Mercantile Bank Limited

Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999.

The Authorized Capital of the Bank is Tk. 3000 million and the Paid -up Capital is Tk. 1199.12 million.

The Bank provides a broad range of financial services to its customers and corporate clients. The Board of Directors consists of eminent personalities from the realm of commerce and industries of the country.

The Bank is manned and managed by qualified and efficient professionals. Mr. Shah Md. Nurul Alam is the Managing Director and CEO of the bank. He brings with him a wealth of experience of managing private sector banks in the country.

Main Branch
Address:61, Dilkusha Commercial Area
Dhaka-1000, Bangladesh
  
Telephone:880-2-9559333,0171-535960
Fax:880-2-9561213
Telex: 642480 MBLMB BI
SWIFT: MBLBBDDH

Dhanmondi Branch
Address:House No.2/1, Road No.28(Old)
Flat No.G-1, Dhanmondi R/A, Cosmos Tower, Dhaka-1205
Bangladesh.
  
Telephone:880-2-9130500
Fax:880-2-8126768
Telex: 642529 MBLDN BJ
SWIFT: MBLBBDDH006

Kawran Bazar Branch
Address:99, Kazi Nazrul Islam Avenue
Kawran Bazar C/A, Tejgaon
Dhaka-1215, Bangladesh
  
Telephone:880-2-8112440
Fax:880-2-8126882
Telex: 642438 MBLKB BJ
SWIFT: MBLBBDDH002

Nayabazar Branch
Address:25/1, Zinda Bahar (1st Lane)
Nayabazar, Dhaka-1100
Bangladesh
  
Telephone:880-2-7393827
Fax:880-2-7390869
Telex: 632164MBLNB BJ
SWIFT: MBLBBDDH011

Satmosjid Road Branch
Address:House No.735 (Old) ,82/A(New)
Satmosjid Road
Dhanmondi Residential Area.
Dhaka-1209, Bangladesh.
  
Telephone:880-2-8112463
Fax:880-173-039792

Banani Branch
Address:Plot No.34, Awal Centre
Kemal Ataturk Avenue, Banani
Dhaka-1213, Bangladesh
  
Telephone:880-2-8816473,880-2-8816474
Fax:880-2-8827807
Telex: 632123 MBLBN BJ
SWIFT: MBLBBDDH007

Mohakhali Branch
Address:Red Cresent Concord Tower
17, Mohakhali Commercial Area
Dhaka-1212, Bangladesh
  
Telephone:880-2-9888346, 9891520
Fax:880-171-535957
Telex: 880-2-9895797
SWIFT: MBLBBDDH012

Mirpur Branch
Address:Razia Plaza (1st Floor)
184, Senpara Parbata
Mirpur-10
Dhaka-1216, Bangladesh
  
Telephone:880-2-9008852
Fax:880-2-9014582
SWIFT: MBLBBDDH015

Ashulia Branch
Address:Byuiyan Complex
Jamgora Bazar
Ashulia, Savar
Dhaka, Bangladesh
  
Telephone:880-171-535948

Uttara Branch
Address:House No.10A, Road No.7D
Sector No.9
Uttara Model Town
Uttara, Dhaka-1230, Bangladesh
Telephone:880-2-8955879
Fax:880-2-8955881

Elephant Road Branch
Address: Osman Plaza
75, Elephant Road, Dhaka-1205
Bangladesh
  
Telephone:880-2-8618732, 9677364
Fax:880-2-9669458
Mobile: 880-173-044832
SWIFT: MBLBBDDH014

Motijheel Branch
Address:Malek Manson (Ground Floor)
128, Motijheel Commercial Area
Dhaka-1000
Bangladesh
Telephone:880-2-7161923-4
Fax:880-2-7161925
Telex: 880-171-535958
SWIFT: MBLBBDDH013

Gulshan Branch
Address:54A Gulshan Avenue
Gulshan
Dhaka
Bangladesh
Telephone:880-2-8835276,880-2-8835277

Hemayetpur Branch
Address:Hatim Ali Complex
Vill. Hemayetpur, P.O. Hemayetpur
P.S. Savar
Dhaka
Bangladesh
Mobile:880-1713452995

Bijoynagar Branch
Address:Kaizuddin Town
176 Shaheed Syed Nazrul Islam
Sarani (New)
47 Bijoynagar (Old)
P.S. Paltan
Dhaka-1000
Bangladesh
Telephone:880-2-8333048

Mogh Bazar Branch
Address:227 (New),331 (Old) Outer Circular Road (First Floor)
Baro Moghbazar
Dhaka-1217
Bangladesh

Joypara Branch
Address:Samabay Super Market
Joypara Bazar, Dohar
Dhaka, Bangladesh
Telephone:880-6223-87049

Konabari Branch
Address:Konabari Bazar
Gazipur
Bangladesh
Telephone:880-2-9298484 & 9298485
Mobile:880-173044846

Board Bazar Branch
Address:Plot No.651/652
Board Bazar
Joydevpur, Gazipur, Bangladesh
Telephone:880-2-9804435
Fax:880-2-9810152


Khulna Branch
Address:Rupsha Plaza
73, KDA Avenue Commercial Area
Sonadanga, Khulna
Bangladesh
Telephone:880-41-813561-62
Fax:880-41-813563

Feni Branch
Address:105 (New) S S Kaiser Road,
26/3 (Old) Panchgachia Road
Feni Town, Feni
Bangladesh
Telephone:880-3316-3558,880-3316-3559

Chowmuhani Branch
Address:Karimpur Road
Chowmuhani
Noakhali
Bangladesh
Telephone:880-321-52960 & 52966
Mobile:880-173036991

Agrabad Branch
Address:39, Agrabad Commercial Area
Hotel Hawai Building
Agrabad, Chittagong, Bangladesh
Telephone:880-31-716421
Fax:880-31-716459
Telex: 633134 MBLAG BJ
SWIFT: MBLBBDDH003

Khatungonj Branch
Address:599,Ramjoy Mohajan Lane
Khatungong, Chittagong
Bangladesh.
Telephone:880-31- 622751
Fax:880-31-635514
SWIFT: MBLBBDDH010

Jubilee Road Branch
Address:Kamal Chamber (2nd Floor)
61, Jubilee Road
Kotwali, Chittagong, Bangladesh
Telephone:880-31-626072
Mobile:880-171-724874
SWIFT: MBLBBDDH016

Madam Bibir Hat Branch
Address:Bhatiary, Shitakund
Chittagong
Bangladesh
Mobile:880-173-103107

O R Nizam Road Branch
Address:Commercial View Complex
191, C D A Avenue
East Nasirabad, Medical College
Panchlaish, Chittagong
Bangladesh
Mobile:880-173-103663

Jhilongja Branch
Address:Hotel Sea Palace
Kalatoli Road
Cox’s Bazar
Bangladesh
Telephone:880-341-62294
Mobile: 880-173-103662

Rajshahi Branch
Address:ZODIAC Building (First floor)
88 Gonok Para
Saheb Bazar,Zero Point
P.O. Ghoramara
P.S. Boalia
Rajshahi-6100
Bangladesh
Telephone:880-721-771214-15
Mobile: 0171-836685

Moulvi Bazar Branch
Address:Chowmuhona
Court Road
P.S. and Dist. Moulvibazar
Bangladesh
Telephone:086162871-3

Sylhet Branch
Address:Laldigirpar
Sylhet, Bangladesh
Telephone:880-821-723650-51
Fax:880-821-723722

Bogra Branch
Address:Barogola Road
Bogra
Bangladesh
Telephone:880-51-69190 & 69840
Mobile:880-173044835

Naogaon Branch
Address:Chakdev, Naogaon.
Bangladesh
Telephone:880-741-53331
Fax:880-741-53330

Sapahar Branch
Address:Village and P.O. : Sapahar
Union : Sapahar
P.S : Sapahar
District : Naogao

Rangpur Branch
Address:Press Club Complex
Station Road
Kotwali, Rangpur
Bangladesh
Telephone:880-521-51299 & 51323
Fax:880-521-51110
Mobile: 880-173-201636

Conclusion:

Bank is the most common type financial intermediary in today globalize world. Banks play important constructive role in the economy. Banking sectors of Bangladesh quite positively   contributing to its economy. In todays globalize world it’s impossible to stay without transacting among two countries i.e. foreign trade and banks are the only safe way transacting international transactions. The different nationalized and privatized banks are providing services among them foreign exchange services are important for globalize transactions. As a commercial bank of our country Mercantile Bank Limited providing different services along with foreign exchange services. MBL is trying to establish is a stable position in competitive market and providing positive contribution to economy through different services as well as foreign exchange services. MBL foreign exchange department facilities not only induce export-import and private transactions but also help to encourage economic development of Bangladesh. The new mode of advanced facilities will be enforced in future by Mercantile Bank Limited for improving service quality

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