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 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.
|Address:||61, Dilkusha Commercial Area|
|Telex:||642480 MBLMB BI|
|Address:||House No.2/1, Road No.28(Old)|
Flat No.G-1, Dhanmondi R/A, Cosmos Tower, Dhaka-1205
|Telex:||642529 MBLDN BJ|
|Kawran Bazar Branch|
|Address:||99, Kazi Nazrul Islam Avenue|
Kawran Bazar C/A, Tejgaon
|Telex:||642438 MBLKB BJ|
|Address:||25/1, Zinda Bahar (1st Lane)|
|Satmosjid Road Branch|
|Address:||House No.735 (Old) ,82/A(New)|
Dhanmondi Residential Area.
|Address:||Plot No.34, Awal Centre|
Kemal Ataturk Avenue, Banani
|Telex:||632123 MBLBN BJ|
|Address:||Red Cresent Concord Tower|
17, Mohakhali Commercial Area
|Address:||Razia Plaza (1st Floor)|
184, Senpara Parbata
|Address:||House No.10A, Road No.7D|
Uttara Model Town
Uttara, Dhaka-1230, Bangladesh
|Elephant Road Branch|
|Address:|| Osman Plaza|
75, Elephant Road, Dhaka-1205
|Address:||Malek Manson (Ground Floor)|
128, Motijheel Commercial Area
|Address:||54A Gulshan Avenue|
|Address:||Hatim Ali Complex|
Vill. Hemayetpur, P.O. Hemayetpur
176 Shaheed Syed Nazrul Islam
47 Bijoynagar (Old)
|Mogh Bazar Branch|
|Address:||227 (New),331 (Old) Outer Circular Road (First Floor)|
|Address:||Samabay Super Market|
Joypara Bazar, Dohar
|Telephone:||880-2-9298484 & 9298485|
|Board Bazar Branch|
Joydevpur, Gazipur, Bangladesh
73, KDA Avenue Commercial Area
|Address:||105 (New) S S Kaiser Road,|
26/3 (Old) Panchgachia Road
Feni Town, Feni
|Telephone:||880-321-52960 & 52966|
|Address:||39, Agrabad Commercial Area|
Hotel Hawai Building
Agrabad, Chittagong, Bangladesh
|Telex:||633134 MBLAG BJ|
|Address:||599,Ramjoy Mohajan Lane|
|Jubilee Road Branch|
|Address:||Kamal Chamber (2nd Floor)|
61, Jubilee Road
Kotwali, Chittagong, Bangladesh
|Madam Bibir Hat Branch|
|O R Nizam Road Branch|
|Address:||Commercial View Complex|
191, C D A Avenue
East Nasirabad, Medical College
|Address:||Hotel Sea Palace|
|Address:||ZODIAC Building (First floor)|
88 Gonok Para
Saheb Bazar,Zero Point
|Moulvi Bazar Branch|
P.S. and Dist. Moulvibazar
|Telephone:||880-51-69190 & 69840|
|Address:||Village and P.O. : Sapahar|
Union : Sapahar
P.S : Sapahar
District : Naogao
|Address:||Press Club Complex|
|Telephone:||880-521-51299 & 51323|
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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