HISTORICAL BACKGROUND OF MBL
Mercantile Bank Limited is adjudged as one of the leading bangs in Bangladesh. The bank is a blend of development and commercial bank. It has been established to promote banking activities in the country.
Mercantile bank ltd was incorporated on May 20, 1999 and it started its operation on June 02, 1999. It was established as banking company under the companies Act 1913. The bank is governed by the bank companies Act 1991.According to CAMEL rating, the was given the top ranking after applying all the ten creation that are required to judge a bank’s overall performance, informed banking sources said.
The Authorized Capital of the Bank is Tk. 1200 million and the Paid -up Capital is Tk. 799.41 million. Total employe more than 16,000 at the end of November 2012.
The first branch of MBL was opened at Dilkusha commercial area in Dhaka on the inauguration day of the bank. At the end of 2011, the number branches of the bank stood at 80, including 5 SME / krishi branches, of which 57 branches are located at major trade centers of the country and other 23 branches are at rural areas of country.
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. The former Governor of the Central Bank of Bangladesh was the Chief Advisor of the Bank. He brings with him a wealth of experience of managing both public and private sector banks.
Vision of the bank
Would make finest corporate citizen
Mission of the bank
Will become most caring, focused for equitable growth based on diversified deployment of resources, and nevertheless would remain healthy and gainfully profitable Bank.
Objectives of MBL
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 terms of market share in all significant
market segments serve.
to achieve 20% return on share holders equity or more, on average.
Goals of MBL
The main goal of Mercantile Bank Limited is to become a leading private bank of the 3rd generation by providing better service to the clients along with other quality operations in the banking sector.
Management structure of MBL
The Chairman is the head of the Board of Directors. There is one Managing Director who is also the President mainly controls and supervises the major divisions of the bank. He directly supervises the branch “Control and Inspection Division”. One Deputy managing director reports to him. Four Executive Vice President (EVP) and one Senior Executive Vice President (SEVP) report to the Deputy Managing Director. Executive Vice President controls the credit, loan administration, international division, information technology and financial control and accounts division. Senior Executive Vice Presidents work under Executive Vice Presidents.
The organizational structure of MBL is quite horizontal where each person reports to only one person, which refers to a very good working environment.
Head Office of MBL
61,Dilkusha Commercial Area Dhaka-1000,Bangladesh
PABX: 9559333, 9553892, 9561140, Fax: 88-02-9561213
Swift: MBLBBDDH, E-mail : firstname.lastname@example.org
Zonal Office of MBL
Mishkat Arcade (Level-1) 21/1, Agrabad C/A, chittagong
Phone: 031-2529445, 716421, 723181, 721772 FAX: 031-716459
Training Institute of MBL
Swadesh Tower, Level – 6, 41/6,Purana Paltan Lane, Dhaka – 1000, Phone: 7174016, 7172282, Fax: 9571096
ORGANIZATIONAL HIERACHY OF MBL
|GSD||General Service Division|
|CAD||Central account Division|
|A&I||Audit and Inspect|
|D&M||Developing & Marketing|
|R&D||Research and Planning|
Divisions of MBL
Board Audit Division
General Banking Division
Law & Recovery Division
General Services Division
Marketing & Branches Division
Card & Mobile Banking Division
Human Resources Division
Credit Risk Management Division
Treasury (Front Office) Division
Internal Control & Compliance Division
Research & Planning Division
Credit Administration Division
SME & Retail Banking Division
Credit Risk Management Division
Treasury (Back Office) Division
Financial Administration Division
Risk Management Division.
PRODUCT AND SERVICES OF MBL
Based on the customer satisfaction, MBL provides many products to its clients and customers. For this reason, MBL made significant progress in all areas of its operation, such as deposit mobilization, credit management, remittance handling, foreign exchange and foreign trade.
MBL offers different products and services to its customers. These are follows-
Family Maintenance Scheme.
Double Benefit Deposit Scheme.
Monthl Customer’s Credit Scheme.
Small Loan Scheme.
Doctor’s Credit Scheme
Personal Loan Scheme.