Historical Background of Mercantile Bank Limited


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

Strategic Objective

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.

    Financial objectives

    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 : it@mblbd.com

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


GSDGeneral Service Division
CADCentral account Division
A&IAudit and Inspect
CBCentral Bank
D&MDeveloping & Marketing
R&DResearch and Planning
IDInternational Division





Divisions of MBL

Board Audit Division

Board Division

General Banking Division

Law & Recovery Division

General Services Division

Marketing & Branches Division

Card & Mobile Banking Division

Human Resources Division

NRB Division

Credit Risk Management Division

Treasury (Front Office) Division

Internal Control & Compliance Division

Research & Planning Division

Credit Administration Division

International Division

SME & Retail Banking Division

Credit Risk Management Division

IT Division

Treasury (Back Office) Division

Financial Administration Division

Risk Management Division.


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-

Saving Scheme.

Family Maintenance Scheme.

Double Benefit Deposit Scheme.

Monthl  Customer’s Credit Scheme.

Small Loan Scheme.

Lease Finance.

Doctor’s Credit Scheme

Personal Loan Scheme.

Home Loan Scheme.                                               Car Loan Scheme

Overseas employment loan scheme.                    Rural Development Scheme.

SME Financing Scheme.                                   Woman Int: Develop

Mercantile Bank Limited