Mercantile Bank PLC

The bank is focused on reducing non-performing loans while maintaining sustainable growth through technology-driven banking services.

Establishment: incorporated 20 May 1999, commenced operations 2 June 1999; established_year set to 1999 per official sources (Banglapedia, EMIS). Branch count 153 + 48 sub-branches, 200 ATMs, 11 CRMs, 188 agent banking outlets, 45 Islamic windows, 2 offshore banking units from the official website About page (mblbd.com/aboutus). Employee count 2,646 from stockanalysis.com company profile (sourced per their DSE disclosure). Paid-up capital BDT 11,066 million (1,106.6 crore) from stockanalysis.com FY2024 balance sheet 'Common Stock' line; the authorized capital was BDT 8,000 crore per an earlier Banglapedia entry but current figure not confirmed from primary source, set to null. Government ownership 0% (private bank); foreign ownership not confirmed from available primary sources, set to null. Chairman Md. Anwarul Haque appointed effective 2024-09-01 at 448th board meeting per TBS and Dhaka Tribune. MD/CEO Md. Mati Ul Hasan effective 2024-11-30 per TBS and Daily Star. Total assets BDT 444,690.30 million from official website 'About' page financial highlights table (2024 figures). Deposits BDT 342,724.25 million, loans BDT 300,025.11 million from same source; stockanalysis.com balance sheet shows slightly different figures (total assets 447,584M, deposits 339,096M, loans 304,054M) likely reflecting standalone vs consolidated differences; official website figures used as primary. Net profit BDT 631.22 million from official website (standalone); consolidated net profit BDT 649.5 million (64.95 crore) per TBS news (difference due to consolidation adjustments). NPL BDT 5,176 crore (51,760 million) representing 17.25% of total loan portfolio, per audited statement disclosed to DSE per TBS reporting on the dividend decision. EPS BDT 0.58, NAVPS BDT 23.75 confirmed at 26th AGM. Provision shortfall: BB assessment showed BDT 2,121.19 crore shortfall; after BDT 200 crore partial offset, net shortfall BDT 1,700.86 crore. CAR not retrieved from primary source (not disclosed in press summaries); total regulatory capital BDT 38,748.56 million shown on official website suggests CAR is well above minimum given total assets, but exact ratio not confirmed. CRISL rating AA/ST-2 valid until July 9, 2026 from BB ECAI rating list for 2025-26. Subsidiaries: Mercantile Bank Securities Ltd (100%), MBL Asset Management Ltd (100%), Mercantile Exchange House (UK) Ltd (100%). verification_status=partial: total assets and NPL from two partially consistent sources (official website vs press); CAR not confirmed; foreign ownership not retrieved; some financial ratios (ROA, ROE) not available in press summaries.