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Transcript of MBL Annual Report 2012
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All Shareholders
Bangladesh Securities and Exchange Commission
Registrar of Joint Stock Companies & Firms
Dhaka Stock Exchange Limited
Chittagong Stock Exchange Limited
Subject: Annual Report for the year ended on December 31, 2012
Dear Sir (s),
We are delighted to enclose a copy of the Annual Report 2012 together with the Audited Financial Statements including
Balance Sheet as at December 31, 2012 and Income Statement, Cash Flow Statement for the year ended on
December 31, 2012 along with notes thereon of Mercantile Bank Limited for kind information and record.
Yours sincerely,
S. Q. Bazlur Rashid
Senior Executive Vice President and
Company Secretary
Letter of Transmittal
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OUR MENTOR
Md. Abdul Jalil, M.P(January 21, 1941-March 6, 2013)
Founder Chairman
had a lot to say; lot to workwe will miss him
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5 Notice of the 14th Annual General Meeting
6 Vision, Mission and Strategic Objectives
7 Core Values & New Technology
8 Corporate Philosophy
8 Corporate Priorities 9 Way Forward
9 Business Ethics
10 Code of Conduct
11 Corporate Profile
11 Credit Rating
12 MBL Milestones
13 Sponsors of the Bank
16 Board of Directors
17 Directors Profiles
24 Corporate Structure
25 Management Team
29 Head Office & Branch Network
37 Our Coverage
38 Performance Indicators
40 Graphical Presentation
43 Market Performance
44 Financial Calendar
45 Economic Impact Report
48 Segment Reporting
49 Message from the Chairman
53 Managing Director & CEOs Review
58 Sustainability Report
58 Employee Benefit 59 Directors Report
85 Disclosure on Basel II
99 CROs Report on Risk Management
103 Certificate Regarding Compliance of BSEC Notification
104 Directors Responsibility for Internal Control & Financial Reporting
105 Report on Corporate Governance
113 Compliance Report on BSEC Notification
121 Status of Compliance of Bangladesh Banks Guidelines
123 Report of Audit Committee
124 Media Highlights
125 Report on Corporate Social Responsibility
133 Report on Human Capital 136 MBL Album
141 CFOs Statement
143 Auditors Report
146 Signing of Financial Statements 2012
147 Financial Statements-MBL
221 Financial Statements-OBU
227 Financial Statements- MBSL
237 Financial Statements-Mercantile Exchange House (UK) Limited
245 Products
Table
ofContents
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Notice of the 14th Annual General Meeting
Notice is hereby given to all members of Mercantile Bank Limited (the "Company") that the 14th Annual General
Meeting of the members i.e. shareholders of the Company will be held on April 27, 2013, Saturday at 11.00 A.M. in the
Winter Garden at Ruposhi Bangla Hotel, Dhaka to transact the following business and adopt necessary resolutions:
Agenda:
01. To receive, consider and adopt the Profit and Loss Account of the Company for the year ended on December 31,
2012 and the Balance Sheet as at that date together with Reports of the Auditors and Directors thereon;
02. To declare Dividend out of the profits for the year ended on December 31, 2012;
03. To elect/re-elect Directors;
04. To appoint Auditors of the Company for the term until conclusion of the next Annual General Meeting and to fixtheir remunerations;
05. To transact any other business with the permission of the Chair.
By order of the Board
S. Q. Bazlur Rashid
Dated: 07 April, 2013 Senior Executive Vice President and
Dhaka, Bangladesh Company Secretary
Notes:
(a) The Record Date was scheduled on the March 28, 2013 (Thursday).
(b) The Shareholders' name appearing in the Register of Members of the Company or in the Depository on the Record
Date will be eligible to attend the AGM and receive the dividend.
(c) Any member of the Company eligible to attend and vote at the General Meeting may appoint a proxy to attend and
vote on his/ her behalf.
(d) The Board of Directors have recommended 7% (Seven Percent) cash dividend and 8% (Eight Percent) stock
dividend for the year ended on December 31, 2012 to be considered in the AGM.
(e) The proxy form duly filled in and signed by the Member and stamped, must be submitted at the Registered Office
of the Company at least 72 hours before the meeting.
(f) Members are requested to notify the changes of address, if any, well in time. For BO Account Holders, the same
to be rectified through their respective Depository Participants.
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Vision, Mission and Strategic Objectives
Vision
would make finest corporate citizen
Mission
will become most caring, focused for equitable growth based on
diversified deployment of resources and nevertheless would
remain healthy and gainfully profitable bank
Strategic objectives to increase shareholders value
to achieve economic value addition
to be market leader in product innovation
to be one of the top three financial institutions in Bangladesh in
terms of efficiency
to be one of the top five financial institutions in Bangladesh in
terms of market share in all significant market segments we
serve
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Core Values
For the customersproviding with caring services by being innovative in the development of
new banking products and services
For the shareholders
increase shareholders value
For the employees
respecting worth and dignity of individual employees devoting their
energies for the progress of the bank
For the community
strengthening the corporate values and taking environment and social
risks and reward into account
New Technologyadopting the state-of-the art technology in banking operations
customer
service
shareholders
value
worth and
dignity ofemployees
communityreward
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Corporate Philosophy
Our customers, employees and shareholders are equally important to us. We want to
achieve strong corporate growth through FINANCIAL INCLUSION. We provide solutions
at a minimum cost based on a high level of satisfaction of all segments of our customers,
thus also contributing to the prosperity of our employees and shareholders.
With a firm commitment to provide solutions, we are constantly developing innovative and
technologically advanced products and services that satisfy our customer needs. We offer
cutting edge compensation package and good work environment to our employees. We
never forget our shareholders to make them pleased with financial well-being and increase
their shares value. This has given us a path to the growth and progress.
Corporate Priorities
Ensure customers satisfaction by meeting their demands with excellent customer services
Enlarge customers freedom by designing need based banking products and services
Manage credit risk by diversified loan portfolio with emphasis on SME and Agriculture financing
Mitigate different risks through efficient risk management techniques
Strengthen internal control and compliance system to establish a very systematic and effective compliant culture
Combination of skilled human resources and state-of-art technology in providing banking services
Focus on green banking by ensuring eco friendly financing
Corporate clients credit rating to remain compliant in terms of regulatory capital requirement
To be transparent, accountable and trustworthy in all aspects of our banking activities
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MBL believes that business ethics practices provides a foundation for the stability and sustainable growth of the bank,
and supports the bank's efforts in achieving its stipulated goals. The bank therefore encourages all parties to conduct
business and perform their duties in accordance with business ethics practices.
The bank conducts its business in accordance with the law and regulations set by the central bank and other
regulatory authorities. The bank does not finance in any project, detrimental to the community or country and thus
prohibited by the credit policy of the bank.
The bank complies with various standards which are generally acceptable for conducting the banking business
and always refrain from doing aggressive business while extending credit facilities.
In conducting business, the bank adheres to Bangladesh Banks instructions while setting interest rates of
deposits and loans. It also keeps our interest spread (difference between interest rate charged on loans and
interest rate paid on deposits) at or below 5% as advised by Bangladesh Bank.
The bank offers quality services to its customers with the principles of warm friendship and mutual support. The
bank applies only those charges/ fees that are disclosed by the schedule of charges of the bank.
The bank keeps and safeguards the information of its customers in confidential and not discloses such
confidential information to others unless with the consent of the customers or as required by the law.
Business Ethics
Way Forward
We look forward to consolidate our position focusing on the followings:
More emphasis on SME financing
Achievement of agriculture credit target
All out efforts to improve deposits mix by procuring low cost and no cost deposits
Innovation of need based deposits and loans products and services
Incorporate technology based advanced products and solutions
To hire and retain qualified human resources according to need of the Bank
To continue and increase CSR activities
To remain compliant in the sprit of law and industry practice
www.mblbd.com
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Salient principles of MBL employees code of conduct:
comply with the various rules, regulations and policies framed by the Bank and other Regulating Authorities
show courtesy and attention to the customers, fellow colleagues and serve the Bank honestly, sincerely,
diligently and with utmost care
maintain strict secrecy of the affairs of the Bank and the customers
not accept any outside employment, honorary or stipendiary, or undertake part-time work in any office of profit
without prior written permission of the competent authority
not engage directly or indirectly in any commercial business, industry or other business pursuits or as agent of
others
not absent from duty, nor leave the station without first obtaining the permission of the competent authority inwriting
not make any personal representation to any director of the Board or any outside authority, to intervene on
his/her behalf in any matter
not accept or permit any member of his/her family to accept any gift or subscriptions from a constituent of the
Bank, any person likely to have dealings with the Bank, a subordinate employee or a candidate for employment
in the Bank
not participate in gambling and betting or any such activities
not make or permit any member of his/her family to make, any investment likely to embarrass or influence
him/her in discharging official duties
not invest money in the business of the Banks clients
not do any activity which may undermine the prestige or image of the Bank or making/ joining any organization
which is not permitted
not take part directly in any political activity and in any election to parliament or any local authority in
Bangladesh or elsewhere
Code of Conduct
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Corporate ProfileBackground
Mercantile Bank Limited (MBL) incorporated as a publiclimited company on May 20, 1999. Subsequently, it
commenced business on June 02, 1999 with a vision for
being finest corporate citizen. MBL enlisted in Dhaka
Stock Exchange (DSE) and Chittagong Stock Exchange
(CSE) on February 16, 2004 and February 26, 2004
respectively. MBL is the output of some visionary
entrepreneurs dream of contributing directly to the
economy by catering various banking needs to all
segments of people living home and abroad.
Principal Activities
MBL has been able to establish itself as a leading thirdgeneration private commercial bank by dint of its prudent
policy guidelines coupled with proper execution, wider
range of banking products and excellent customer
services. The core activities of the Bank are to provide all
kinds of commercial banking services including deposits
mobilization, providing loans, discounting bills, foreign
exchange business, off-shore banking, treasury
function, card business and mobile banking. MBL cater
card services to its customers by VISA dual prepaid
card, VISA Dual Hajj Card, Credit Card and Debit card,
and International/Dual cards with various up-to-date
facilities. MBL is continuously expanding its ATM
network and inking contact with other banks with a view
to making its card service more attractive and
convenient to all. Except these, MBL is also providing
other services through its subsidiary companies.
Subsidiaries
MBL has 2 (Two) subsidiaries namely Mercantile Bank
Securities Limited (MBSL) and Mercantile Exchange
House (UK) Limited. MBSL formed on 27 June 2010 to
deal with stock dealing and broking. MBSL started its
commercial operation on September 14, 2011 through
obtaining stock dealer and broker license from
concerned authorities.
Mercantile Exchange House (UK) Limited, another
subsidiary company of MBL incorporated as private
limited company on December 01, 2010. It commenced
its business operation at Birmingham in UK on
December 06, 2011. Currently, it is operating with two
branches, one in Birmingham and another in London
with a view to providing faster, easier and safer
remittance services to the Bangladeshi expatriates
working in UK.
Network
MBL has broad network coverage across the country. Ithas 86 (Eighty Six) branches including 5 (Five)
SME/Krishi branches as on December 31, 2012. The
Bank has 2 (Two) Off-shore Banking Units operating at
Gulshan and Chittagong EPZ areas. MBL has 115 ATM
booths as on December 2012 covering important
business centers. Mercantile Bank Securities Limited
(MBSL), a subsidiary company of MBL dealing with
stock dealing and broking has 7 (seven) branches
across the country. Mercantile Exchange House (UK)
Limited, another fully owned subsidiary company of MBL
is facilitating inflow of remittance with 2 (two) branches in
Birmingham and London, UK.
Capital Base
MBL is maintaining strong capital adequacy ratio as per
new risk based capital adequacy framework i.e. Basel II.
Capital adequacy ratio of the Bank remained far above
compared to minimum requirement as on December 31,
2012. The Bank has taken numerous initiatives including
issuance of bonus shares, right shares, retention of
profit, corporate clients rating etc in a bid to attain strong
capital adequacy ratio.
Shareholding Composition
Total 611,075,316 ordinary shares of the Bank were
outstanding as on December 31, 2012. Share holding
position as on same date is as under:
Credit Rating
MBL has strong and stable credit rating over the lastcouple of years. Credit Rating Information and Services
Limited (CRISL) has reaffirmed the long term rating of
MBL to AA- and short term rating to ST-2 based on its
financial up to December 31, 2011 and other qualitative
and quantitative information up to the date of rating.
*Rating for 2012 is in process
Total 611,075,316 100.00
December Capital Adequacy Minimum2012 Ratio (CAR) Requirement
Solo 10.83% 10.00%
Consolidated 10.87% 10.00%
Composition
Basis of
Information
Outlook Stable
Rating Rating
CompanyLong Term Short Term
Ownership
Number of Shares % of Total Shares
www.mblbd.com
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MBL Milestones
May 20, 1999 Incorporation of the Bank
June 02, 1999 Commencement of Business
October 29, 2000 Opening of 10th Branch
July 03, 2002 Opening of 15th Branch
June 30, 2003 Publication of Prospectus for IPO
October 21-22, 2003 Subscription for Shares
December 24, 2003 Opening of 20th Branch
February 16, 2004 Listed in Dhaka Stock Exchange
February 26, 2004 Listed in Chittagong Stock Exchange
December 29, 2004 Opening of 25h Branch
December 05, 2006 Opening of 30th Branch
December 17, 2007 Opening of 40th Branch
November 24, 2008 Opening of 42nd Branch
June 06, 2009 Mercantile Bank Brokerage House Operation
October 22, 2009 Opening of 45th Branch
December 30, 2009 Opening of 50th Branch
December 30, 2010 Opening of 65th Branch
March 20, 2011 Commencement of Off-shore Banking Unit
September 14, 2011 Separate Operation of Mercantile Bank Securities Limited (MBSL)
December 06, 2011 Opening of Mercantile Exchange House (UK) Limited, Birmingham Branch
December 29, 2011 Opening of 75th Branch
September 20, 2012 Opening of Mercantile Exchange House (UK) Limited, London Branch
December 27, 2012 Opening of 86th Branch
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whose dreams, aspirations andefforts came into reality
Md. Abdul Jalil, M.P(Deceased)
Md. Anwarul Haque
Dr. Toufique RahmanChowdhury
Golam Faruk Ahmed(Deceased)
Engr. Mohd. Monsuruzzaman Md. Mizanur RahmanChowdhury
Alhaj S.M. Shakil Akhter
Alhaj Tara Meah Khan(Deceased)
Subrota Narayan Roy
Sponsors of the Bank
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M. S. Ahsan Jamshed R Khan(Deceased)
Alhaj Akram Hussain(Humayun)
Bilkis Begum Md. Tabibul Huq
A. S. M. Feroz Alam M. Amanullah Md. Abdul Hannan Mohd. Selim
Sponsors of the Bank
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Nargis Anwar Md. Nasiruddin Choudhury
Morshed Alam Morzina Khan Monzu Md. Shahabuddin AlamJalaluddin Ahmed Yeamin
A. K. M. Shaheed Reza
Feroza Begum S. M. Shafiqul Islam(Mamun)
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Chairman
Alhaj Akram Hussain (Humayun)
Vice-Chairman
A. S. M. Feroz Alam
Directors
Md. Anwarul Haque
R. A. Howlader
M. S. Ahsan
Md. Tabibul Huq
M. Amanullah
Md. Abdul Hannan
Mohd. Selim
Morshed Alam
Md. Shahabuddin Alam
Alhaj Mosharref Hossain
Saber Hossain Chowdhury, M.P
Managing Director & CEO
M. Ehsanul Haque
Board of Directors
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Alhaj Akram Hussain (Humayun)
Chairman
Alhaj Akram Hussain (Humayun) was born on July 1,
1952 in a respectable Muslim family of Dagonbhuiyan,
Feni. He is a commerce graduate and one of the known
Freedom Fighters of Bangladesh Liberation War. He is
the Founder President of Bangladesh Paper Importers
Association and also Founder President of GreaterNoakhali Paper Merchant Somity. Apart from the
aforementioned affiliations, he is also General Body
Member of FBCCI, Bangladesh, member of Trustee
Board of Feni University and Founder Member of All
Community Club, Dhaka.
Mr. Hussain is a well known philanthropist for his
outstanding contribution for the betterment of the
society. Among his various affiliations the notable ones
are Founder and present Chairman of Managing
Committee, Rajapur High School and College; Founder
and present Chairman of Managing Committee ofShindurpur Khaja Ahmad Biddya Niketon. He is the
Founder of Al-haj Shamsul Haque Miyah Adarsha
Academy and Shakentapur Primary School. He is life
member of Feni Heart Foundation and Feni Diabetic
Somity. His business affiliations are Chairman of FARS
Group of Company, Chairman & Managing Director of
Fars Holdings & Associates Ltd.; Fars Hotels & Resorts
Ltd.; Akram Traders; Pubali Paper Stores; Indigo
Packing & Accessories.
Directors Profiles
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Mr. A. S. M. Feroz Alam was born on December 01, 1960 in a respectable Muslim
family of Patuakhali. He is a renowned businessman of the country.
He has traveled about 65 countries for business purpose and can speak in sevenlanguages. He is the Managing Director of Bengal Trading Limited (Japan). He is
Sponsor Director of Premier Leasing & Finance Ltd. and Chairman of Premier
Leasing Securities Ltd. He is the Director of National Television Ltd. (RTV).
A. S. M. Feroz AlamVice Chairman
Mr. Md. Anwarul Haque was born on January 03, 1951 in a respected Muslim
family in Dhaka. He is a renowned businessman of the country. He obtained the
B.Sc. Engg (Civil) Degree and is engaged in business since last 36 years in
different sectors like Construction, Real Estate, Export & Import and Trading. His
business affiliation is versatile and diversified. He is the Managing Director of
Living Plus Ltd. He is the Director of Premier Leasing & Finance Ltd., Holiday
Travels Ltd, Premier Leasing Securities Ltd. and Mercantile Bank Securities Ltd.
He is also Director of Securities Broking & Management Ltd. He is a Shareholder
& Ex Chairman of Global Insurance Ltd. His association with the abovementioned
well-reputed organization makes him a forward looking andprogressive-businessman who has already reached an enviable height.
Furthermore, he has deep affinity and also attachment with various socio-cultural
activities.
Md. Anwarul Haque
Chairman, Executive Committee
R. A. Howlader
Chairman, Audit Committee
Mr. R. A. Howlader was born in Barisal. After completion of B. Com. (Hons) from
Dhaka University, he joined United Bank Limited in 1962 as Probationary Officer
Grade-II. After liberation, United Bank Limited was nationalized in 1972 in thename of Janata Bank wherein Mr. Howlader held different important positions till
1983, the last being Deputy General Manager, In-charge of International Division.
Mr. Howlader was the Managing Director of National Bank Limited for about eight
and half years. Mr. Howlader was also the Chairman of Global Insurance Limited.
He was also the Chief Advisor of Global Insurance Limited for about six years. Mr.
Howlader is now the Chairman of Delta Spinners Limited. He is the founder
President of Al-haj Hazrat Ali Degree College which was established in 1987. His
innovative ideas, financial acumen, dynamic leadership made him a popular and
pleasant personality in the banking sector of the country.
Directors Profiles
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M. S. Ahsan
Director
M. AmanullahDirector
Mr. M. S. Ahsan was born on June 01, 1960 in a respectable Muslim family of
Begumgonj, Noakhali. Mr. Ahsan obtained the Master Degree from Dhaka
University. He has established himself as an icon in the business sector of the
country and the proud owner of the Ahsan Group. He is also the Chairman of AG
Property Development, AG Agro Industries, Regent Holding Development Ltd.,Capital Holding and Development Corporation, AG Pet Ltd., Shawdesh Builders
Ltd., Home Apparels Ltd., Raima Fashion Ltd., AG Ceramics Ltd., RNS
Corporation and Friends Traders. He is the Director of National Credit Ratings
Ltd. Currently he is the Chairman of Mercantile Bank Securities Limited. Mr.
Ahsan is also actively associated with many other Educational and Social
Institutions as donor/ founder.
Mr. Md. Tabibul Huq was born on August 19, 1952. He obtained Bachelor of
Science in Electrical Engineering from BUET in 1975 (Session 1972-73). He
joined Bangladesh Army and passed out from BMA in February 1976. He wasawarded the Chief of Army Staffs cane for outstanding performance in BMA. Heserved for 4 years in Bangladesh Army and was released as Captain. During
Army service, he obtained higher training in telecommunication equipment on1977 in Germany. He served in East Malaysia as transmission engineer in Hydro
Electric power project in 1979-80. He obtained management training in Europe.
Started own business in 1981 and established Creative Engineers Ltd. of which,
he is the Managing Director & presently enjoying franchise of Schindler andEscalators from Switzerland, MAAN, B&W Diesels Ltd. of Germany and U.K. At
present, he is employer of more than 400 people including management &non-management staff. He is also Managing Director of Creative Paper Mills
Limited, producing 200TPD of white writing & printing and craft linear, which hasgone into production from January 2013.
Md. Tabibul Huq
Director
Mr. M. Amanullah was born in a respectable Muslim family of businessmen in Dhaka. Hegraduated from a renowned University of Dhaka. He is one of the distinguished industrialistsand entrepreneurs in Bangladesh. He is the Chairman of Aman Group of Companies and alsoholds the Chairman position of all the companies under' the umbrella of Aman Group ofCompanies Limited. His business acumen has lead to the successful launch of various,diversified businesses under the umbrella of Aman Group of Companies.
In the textile sector Mr. Aman set up a manufacturing unit in the name of Aman Spinning MillsLtd., which manufactures 100% export oriented carded yarn from raw cotton. Mr. Amanintroduced Arena HRI Ltd., which is an India-Bangladesh joint venture in the field of cosmeticindustry and is one of the leading manufacturer of Hair Care products in Bangladesh. Mr.Aman also introduced Arena Industries Ltd., engaged in industrial contract-packaging,Mousumi Enterprises Ltd. and Arena Consumer Products Ltd., for distribution andmanufacture of consumer products. Mr. Aman also introduced Arena Securities Ltd. in the
financial sector which is a member of Dhaka Stock Exchange and registered as a corporatehouse for operation in the capital market of the country. He is one of the Directors of "AmaderShomoy', one of top circulating daily print media in Bangladesh. He is one of the founders,Director and Ex Chairman & present Advisor of Global Insurance Ltd., a publicly listed generalinsurance company.
Mr. Aman is also recognized for his contribution to the community and to the nation in the fieldof education. He is one of the members of the Board of Trustee of the Presidency University,Dhaka. For the contribution to the society, as a philanthropist Mr. Amanullah established"Aman Group Foundation" as his initiative towards social responsibilities. For this act, he washonored several times by the Govt. and other organizations. He was awarded the SarojiniNaidu Gold Medal Award in 2000, C.R. Das Gold Medal Award in 2002 and the Atish DipankarScholar Congress Award in 2004 for his extraordinary contribution in various sectors ofBangladesh.
www.mblbd.com
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Mr. Morshed Alam is one of the most renowned & widely known business and
industrial entrepreneur of the country. He was declared CIP for the year 1996-97,
2000-01 & 2009-10 by the Ministry of Commerce, Government of the Peoples
Republic of Bangladesh, for his remarkable contribution in business arena. He
has also been awarded National Export Trophy for Exports for the year 1997-98,
2006-07 and also for 2009-10.
With perception and technical expertise he has become a leading entrepreneur of
the country. He is founder of the Bengal Group of Industries, which consists of
Bengal Plastic Industries Ltd., Bengal Poly Paper Sack Ltd., Bengal Overseas
Corporation Ltd., Bengal Chemical & Synthetic Products Ltd., Romania Food &Beverage Ltd., Bengal Adhesive & Chemicals Products Ltd., Bengal Concept &
Holdings Ltd., Power Utility BD Ltd., Romania Agrovat Ltd., Bengal Windsor
Thermoplastic Ltd., Bengal Corrugated Carton Ind Ltd., Poly Cord Ltd., Bengal
Polymer Wears Ltd. and Bengal Multimedia Ltd. He is the Chairman of RTV and
Director of Desh General Insurance Company Ltd., Director of United Hospital
Ltd., Director of Peoples University of Bangladesh and also Chairman of
Executive Committee of National Life Insurance Company Ltd. Mr. Alam is a
philanthropist. He is the founder of Morshed Alam High School at Nateswar,
Noakhali, life donor of Kazi Nagar Madrasha and Bazra High School at Noakhali
and Motijheel Ideal High School, Dhaka.
Morshed Alam
Director
Mr. Mohd. Selim is a renowned businessman of the country. He was born in arespectable Muslim family in Shariatpur District. He has specialized himself in
trading business. After graduation he devoted himself fully to business and he is
the proprietor of Sumon Cloth Store, a large cloth store in Ramna Bhaban,
Dhaka and also proprietor of Central Plaza at Eastern Plaza. He is the Chairman
of Synthia Securities Limited (Member of Dhaka Stock Exchange Limited). He is
the Sponsor of Global Insurance Limited. He has also made notable contribution
in socio-cultural activities. He is life member of Shariatpur Zilla-Kalyan Samity, life
member of Greater Faridpur Kalyan Samity, trustee member, Shariatpur Shikhha
Kalyan Trust, Vice Chairman of Bangladesh Shop Owners Association and
Donor Member of Purba Madaripur College.
Mohd. Selim
Director
Md. Abdul Hannan
Director
Mr. Md. Abdul Hannan was born on 27th July, 1962 in a respectable Muslim
family at Faridgonj, Chandpur. He is one of the leading businessmen of the
country, especially in export of readymade garments. He is Director of Dabstar
Associates Limited, Reu Fashion Limited, ZHAS Garments Limited, M.H. Tradingand Murad Apparels Limited. He is also Director of Eastern University of
Bangladesh and Pan Pacific Hospital. His contributions towards the society are
quite remarkable.
Directors Profiles
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Md. Shahabuddin Alam
Director
Mr.Md. Shahabuddin Alam is one of the renowned entrepreneurs of the country.
He comes from a respectable Muslim family of South Halishahar, Chittagong. He is
the Chairman of S.A. Group of Industries which consists of S.A. Oil Refinery Ltd.,
Shamannaz Super Oils Ltd., Kamal Vegetable Oils Ltd., Sharija Oil Refinery Ltd.,South Eastern Oil Refinery Ltd., Laila Vanaspati Products Ltd., Shamannaz
Condensed Milk Ltd., Shamannaz Dairy & Food Products Ltd., S.A. Consumer
Products Ltd., S.A. Salt Industries Ltd., S.A. Beverage Ltd., S.A. Pulp & Paper
Products Ltd., Sharija Cement Ltd., South Eastern Paper Mills Ltd., S.A. Properties
Ltd., S.A. Power Generation Ltd., South Eastern Tank Terminal Ltd., S.A. Telecom
System Ltd., Laila Oil Refinery Ltd., Laila Food Products Ltd. and Sharija
Navigation Ltd.
His contributions towards the society are quite remarkable. He is the Vice
Chairman of Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers
Association, Member of Chittagong Club Ltd., Chittagong Boat Club, Chittagong
Senior Club, Chittagong Samity, Dhaka, Lions Club of Chittagong City and Lions
Blood Bank. He is also a widely traveled person and visited USA, UK, KSA,
Thailand, Singapore, Malaysia, Hong Kong, India, Holland etc.
Alhaj Mosharref Hossain was born on January 07, 1940 in a respectable Muslim
family at Chhagalnaya, Feni. He had his schooling in the local educational
institutions.
Alhaj Mosharref Hossain is one of the leading businessmen of the country,
especially in trading. He is the Proprietor of M. H. Traders, a renowned business
house engaged in paper trading. Apart from being a businessman of repute he is
also a prominent personality in Bangladesh. He is also a Director of Toka Ink (BD)Ltd. and Managing Director of Bulbul Printers. He is the Founder and Director of
Hossainya Hefje Quaran Madrasa & Atimkhana, Chhagalnaya, Feni.
Alhaj Moshar ref Hossain
Director
Mr. Saber Hossain Chowdhury is the Group Managing Director of Karnaphuli. He enjoys
wide recognition and reputation as a dynamic individual having a flair for creativity with a
high level of integrity and social responsibility. He has been elected for four successivetimes as Member of the Board of Directors of Mercantile Bank Limited, a third generation
Bank that has an impressive record. Under his able stewardship and taking of strategy
policy decisions in close consultations with the Group Founder Chairman, Karnaphuli is on
the path to becoming one of the very top business houses in the country by transitioning
from a first generation family based company to a second generation corporate institution.
Expansion and consolidation of Karnaphulis existing businesses and venturing to new
areas of opportunity such as launching of a global satellite Bangla Television Channel as
well as embarking on Bangladeshs single largest apartment development project ever
typifies his style and energy.
Saber Hossain Chowdhury, M.P
Director
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M. Ehsanul Haque, is a senior banker with thirty three years experience in the
banking and finance industry and financial advisory services. After completing
Masters in Economics from Jahangirnagar University, he started his career as a
Management Trainee in Grindlays Bank, subsequently ANZ Grindlays Bank (now
Standard Chartered Bank). Mr. Haque worked in other local private and
multinational banks and financial institutions in various capacities including last
ten years as Managing Director and CEO. Prior to joining Mercantile Bank
Limited, he was the Managing Director of Prime Bank, Infrastructure
Development Company Ltd. (IDCOL), BRAC Afghanistan Bank, BRAC Bank and
Trust Bank. He trained in Australia, worked in India, Vietnam and Afghanistan
and has been exposed to global best practices in banking and finance. This was
through his association with banks at home and abroad and in his dealing with
multilateral agencies.
His banking skills are in the areas of loan assessment of Corporate/ Commercial,
SME, Retail Banking, audit /internal control, product development, banking
operations etc. Other skills include new organization set-up, access to finance for
various sectors in developing countries, financial consultancy and advisory
services.
M. Ehsanu l Haque
Managing Director & CEO
In the field of public service, Mr. Chowdhury has already excelled at a relatively young age.
Elected as a Member of Parliament from Dhaka-6 (Motijheel-Shobujbagh) in 1996, He was
the youngest member of the Awami League Cabinet 1996-2001 initially held the portfolio
of Deputy Minister, Ministry of Shipping and put in process initiatives and action plans
which began the transformation of Chittagong Port. He was thereafter re-assigned to Local
Government, Rural Development & Co-operatives- a frontline and important development
Ministry where he broke new ground and set higher standards.
A firm believer in and defender of basic liberties, rights and individual freedom, he was,
between October 2002 to January 2003, subject to terms of detention and imprisonment.
Amnesty Intl adopted and recognized him as a Prisoner of Conscience and launched a
series of Urgent Actions campaigning for his release. This was eventually secured
through directives from the High Court which ruled detentions and imprisonments to have
been without lawful authority. As a Member of Parliament, he successfully launched a
number of novel community initiatives in his constituency linked to healthcare, medical
insurance, environment, youth training, awareness building and self help programmers.
Mr. Chowdhury has been re-elected as a Member of Parliament in December 2008 for a
further term of five years and is an influential Member of Parliamentary Standing
Committee on Environment. He has also initiated a number of Private Member Bills. An
active parliamentarian, he is also Chairman of Bangladesh Parliaments Party All Group on
Climate Change and Environment.
Directors Profiles
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we mourn
sad demise of our beloved ones
Golam Faruk AhmedApril 7, 1953 - January 26, 2013
Md. Abdul Jalil, M.PJanuary 21, 1941-March 6, 2013
Alhaj Tara Meah KhanAugust 30, 1931-March 16, 2010
Jamshed R KhanJuly 10, 1943-August 29, 2008
Dr. Matiur Rahman, M.PJanuary 11, 1946 - September 13, 2012
Shamsur RahmanJanuary 25, 1933-January 02, 2012
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Corporate Structure
Audit Committee
R. A. Howlader, Chairman
Md. Tabibul Huq, Member
Md. Abdul Hannan, Member
Alhaj Mosharref Hossain, Member
Saber Hossain Chowdhury, M.P, Member
Managing Director & CEO
M. Ehsanul Haque
Chief Risk Officer
Md. Abdul Jalil Chowdhury
Chief Financial Officer
Monindra Kumar Nath
Company Secretary
S. Q. Bazlur Rashid
Auditors
Khan Wahab Shafique Rahman & Co.
Chartered Accountants
K. M. Hasan & Co., Chartered Accountants
Tax Advisor
K. M. Hasan & Co., Chartered Accountants
Board of Directors
Alhaj Akram Hussain (Humayun), Chairman
A. S. M. Feroz Alam, Vice Chairman
Md. Anwarul Haque
R. A. Howlader
M. S. Ahsan
Md. Tabibul Huq
M. Amanullah
Md. Abdul Hannan
Mohd. SelimMorshed Alam
Md. Shahabuddin Alam
Alhaj Mosharref Hossain
Saber Hossain Chowdhury, M.P
Executive Committee
Md. Anwarul Haque, Chairman
M. S. Ahsan, Member
M. Amanullah, Member
Mohd. Selim, Member
Morshed Alam, Member
Md. Shahabuddin Alam, Member
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Md. Abdul Jalil Chowdhury
Additional Managing Director & CRO
Monindra Kumar Nath
Additional Managing Director & CFO
M. A. Yousuf Khan
Deputy Managing Director
Choudhury Moshtaq Ahmed
Deputy Managing Director
Md. Quamrul Islam Chowdhury
Deputy Managing Director
M. Ehsanul HaqueManaging Director & CEO
Management Team
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Management Committee (MANCOM)
From left to right
Md. Sayeed Hossain EVP & Head of ICCD Member
S. Q. Bazlur Rashid SEVP & Company Secretary Member
M. A. Yousuf Khan Deputy Managing Director MemberMonindra Kumar Nath Additional Managing Director & CFO Member
M. Ehsanul Haque Managing Director & CEO Chairman
Md. Abdul Jalil Chowdhury Additional Managing Director & CRO Member
Choudhury Moshtaq Ahmed Deputy Managing Director Member
A. K. M. Atiqur Rahman EVP & Head of Risk Management Division Member
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Head Office & Branch NetworkHead Office
61 Dilkusha Commercial AreaDhaka-1000, Bangladesh
PABX : 9559333, 9553892
Fax : 88-02-9561213
Swift : MBLBBDDH
E-mail : [email protected]
Website: www.mblbd.com
Zonal Office
Chittagong ZoneMishkat Arcade
21/1 Agrabad C/A, Chittagong
Phone : 031-2529445, 716421, 723181, 721772
Fax : 88-031-2529445
Abdullah Md. Zaki Hasan, EVP
Training Institute
Swadesh Tower41/6 Purana Paltan, Dhaka-1000
Phone: 7174016, 7172282,
Fax : 88-02-9571096
Rabiul Hussain, Principal
Divisions at Head Office
Board Audit Division
Md. Abdus Salam, SEVP
Board, Share & HR DivisionS. Q. Bazlur Rashid, SEVP
Credit Risk Management Division
Mohammad Ismail, SEVP
Credit Administration, Monitoring,
Recovery & Compliance Division
Khandakar Fahim Uddin Ahmed, EVP
SME Financing Division
Md. Sadruzzaman, EVP
Internal Control & Compliance
Division
Md. Sayeed Hossain, EVP
Card, Consumer & Retail Banking
Division
Javed Islam, EVP
IT Division
Md. Rafiqul Hoque Bhuiyan, EVP
General Services DivisionDr. Md. Nurul Islam, EVP
International Division
Shamim Ahmed, EVP
Risk Management Division
A.K.M. Atiqur Rahman, EVP
Research & Planning Division
Md. Shafiet Wahed, SVP
Financial Administration Division
Md. Golam Kibria, FCA, SVP
General Banking DivisionShah Syed Abdul Bari, SVP
Corporate Banking Division
Mohammad Iqbal Rezwan, SVP
NRB Division
Md. Nurul Haque Gazi, VP
Public Relations & Branches
Division
K. M. Abdur Razzaque, VP
Mobile Banking Division
Farhad Malik, VP
Marketing Division
Purbani Roy, VP
Treasury Division
Jahangir Javed, FVP
Agriculture Credit Department
Liaquat Fazlur Rashid, FVP
DHAKA DIVISION
Main Branch
61 Dilkusha C/A, Dhaka-1000
Phone : 02-9571618, 9559333
Mobile : 01711-722925
Fax : 88-02-9554410, 9551497
HOB:Md. Quamrul Islam Chowdhury, DMD
Dhanmondi Branch
Sima Blossom, House- 390 (Old)
03 (New), Road- 27 (Old), 16 (New)
Dhanmondi R/A, Dhaka -1209
Phone : 02-8124234, 9130500, 9142691
Mobile : 01755-500192
Fax : 88-02-8126768HOB:Syed Ahmadul Karim, SEVP
Kawran Bazar Branch
Dhaka Trade Centre
99 Kazi Nazrul Islam Avenue
Kawran Bazar C/A, Dhaka- 1215
Phone : 02-8189613, 8153414, 8141910
Mobile : 01711-535946
Fax : 88-02-8126882HOB:Md. Mahmood Alam Chowdhury, EVP
Joypara Branch
Samabay Super Market
Joypara Bazar, Dohar, Dhaka
Phone : 02-7768193, 7768163
Mobile : 01711-535949
Fax : 88-02-7768193
HOB:Md Shahidul Alam, AVP
Banani Branch
Awal Centre, 34 Kemal Ataturk Avenue
Banani C/A, Dhaka-1213
Phone : 02-9821046, 9821639-40
Mobile : 01711-535942
Fax : 88-02-9821046
HOB:Ahmedul Haque, EVP
Board Bazar Branch
Board Bazar, Gazipur
Phone : 02-9291604
02-9293639
Mobile : 01713-067012
Fax : 88-02-9291660
HOB:Md. Delwar Hossain, FVP
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Nayabazar Branch
25/1 Zinda Bahar (1st Lane)
Nayabazar, Dhaka-1100
Phone : 02-7393827, 7393655
Mobile : 01711-535956
01713-193961
Fax : 88-02-7393655
HOB:Abu Syed Md. Mohiuddin, VP
Mohakhali Branch
Green Delta Aims Tower
51-52 Mohakhali C/ A, Dhaka-1212
Phone : 02-9863215, 9888346
9891520, 9860094
Mobile : 01730-318188
Fax : 88-02-9895797
HOB:Md. Zakir Hossain, EVP
Mirpur Branch
Razia Plaza, 184 Senpara Parbata
Begum Rokeya Sarani
Mirpur - 10, Dhaka- 1216
Phone : 02-9014582, 9008852, 9015661
Mobile : 01711-535955
Fax : 88-02-8034577
HOB:F . M. Nawaz Ali, SVP
Ashulia Branch
Bhuiyan Commercial Complex
Jamgara Chowrasta, Ashulia
Savar, Dhaka
Phone : 02-7788757, 7790708
Mobile : 01711-535948
Fax : 88-02-7790708
HOB:Md. Ata Rabbani Chowdhury, VP
Uttara Branch
House- 10/A, Road- 7/D, Sector- 9
Uttara Model Town, Uttara, Dhaka-1230
Phone : 02-8931729, 8955879
8958244, 8931725
Mobile : 01711-535950
Fax : 88-02-8955881
HOB:Md. Abdul Halim, VP
Elephant Road Branch
Osman Plaza
75 Elephant Road, Dhaka-1205
Phone : 02-9614541, 9677364
9614542, 8618732
Mobile : 01713-044832
Fax : 88-02-9669458
HOB:Md. Kamruzzaman, VP
Motijheel Branch
Malek Mansion
128 Motijheel C/A, Dhaka-1000
Phone : 02-9561178
7161923-4
Mobile : 01730-320284
Fax : 88-02-7161925
HOB:A B M Eradul Islam, SVP
Motijheel Branch
Malek Mansion
128 Motijheel C/A, Dhaka-1000
Phone : 02-9561178
7161923-4
Mobile : 01730-320284
Fax : 88-02-7161925
HOB:A B M Eradul Islam, SVP
Motijheel Branch
Malek Mansion
128 Motijheel C/A, Dhaka-1000
Phone : 02-9561178
7161923-4
Mobile : 01730-320284
Fax : 88-02-7161925
HOB:A B M Eradul Islam, SVP
Satmasjid Road Branch
House- 735 (Old), 82/A (New)
Road- 8/A (New), Satmasjid Road
Dhanmondi R/A, Dhaka-1209
Phone : 02-8114672, 9141148
Mobile : 01713-084074
Fax : 88-02-9139183
HOB:Kawser Uddin Ahmed, SVP
Satmasjid Road Branch
House- 735 (Old), 82/A (New)
Road- 8/A (New), Satmasjid Road
Dhanmondi R/A, Dhaka-1209
Phone : 02-8114672, 9141148
Mobile : 01713-084074
Fax : 88-02-9139183
HOB:Kawser Uddin Ahmed, SVP
Satmasjid Road Branch
House- 735 (Old), 82/A (New)
Road- 8/A (New), Satmasjid Road
Dhanmondi R/A, Dhaka-1209
Phone : 02-8114672, 9141148
Mobile : 01713-084074
Fax : 88-02-9139183
HOB:Kawser Uddin Ahmed, SVP
Konabari Branch
Matiur Rahman Plaza
Konabari Bazar, Konabari
Joydevpur, Gazipur
Phone : 02-9298484-5
Mobile : 01713-044846
Fax : 88-02-9298486
HOB:Md. Abul Bashar Khan, FVP
Konabari Branch
Matiur Rahman Plaza
Konabari Bazar, Konabari
Joydevpur, Gazipur
Phone : 02-9298484-5
Mobile : 01713-044846
Fax : 88-02-9298486
HOB:Md. Abul Bashar Khan, FVP
Konabari Branch
Matiur Rahman Plaza
Konabari Bazar, Konabari
Joydevpur, Gazipur
Phone : 02-9298484-5
Mobile : 01713-044846
Fax : 88-02-9298486
HOB:Md. Abul Bashar Khan, FVP
Motijheel Branch
Malek Mansion
128 Motijheel C/A, Dhaka-1000
Phone : 02-9561178
7161923-4
Mobile : 01730-320284
Fax : 88-02-7161925
HOB:A B M Eradul Islam, SVP
Satmasjid Road Branch
House- 735 (Old), 82/A (New)
Road- 8/A (New), Satmasjid Road
Dhanmondi R/A, Dhaka-1209
Phone : 02-8114672, 9141148
Mobile : 01713-084074
Fax : 88-02-9139183
HOB:Kawser Uddin Ahmed, SVP
Konabari Branch
Matiur Rahman Plaza
Konabari Bazar, Konabari
Joydevpur, Gazipur
Phone : 02-9298484-5
Mobile : 01713-044846
Fax : 88-02-9298486
HOB:Md. Abul Bashar Khan, FVP
Gulshan Branch
Hosna Center
106 Gulshan Avenue, Dhaka-1212
Phone : 02-9897879, 8835276, 8835277
Mobile : 01730-047977
Fax : 88-02-8835614
HOB:Md. Nazrul Hossain, SEVP
Hemayetpur Branch
Hatem Ali Complex, Singair Road
Hemayetpur, Savar, Dhaka-1340
Phone : 02-7741532, 7741533
Mobile : 01713-083617, 01713-452995
Fax : 88-02-7741531
HOB:Md. Fakhruzzaman Chowdhury, FVP
Bijoynagar Branch
Akram Centre, 212, S.S. Nazrul Islam
Sarani, Paltan, Dhaka - 1000
Phone : 02-7117830, 7117834
Mobile : 01713-068127
Fax : 88-02-7117114
HOB:Shah Md. Sohel Khurshid, SVP
Moghbazar Branch
227 Outer Circular Road
Moghbazar, Ramna, Dhaka
Phone : 02-8333017, 8316279, 8333016
Mobile : 01711-643281, 01713-068194
Fax : 88-02-8333018
HOB:Ahsanul Haq Chowdhury, SVP
Bhojeshwar Bazar Branch
Kazi Plaza, Bhojeshwar Bazar
Naria, Shariatpur
Mobile : 01713-384497
01730-048067
HOB:M.M. Rafikul Islam , FAVP
Green Road Branch
151/6 Green Road, Dhaka
Phone : 02-8157366, 9136809, 9136822
Mobile : 01730-013453
Fax : 88-02-9114108
HOB:Md. Abdul Awal, VP
Engineers' Institution Branch
IEB Bhaban, 8/A Ramna
Dhaka-1000
Phone : 02- 7110651, 7110684
Mobile : 01713-199801
Fax : 88-02-7110610
HOB:Mohammad Faruque Ahmmed, AVP
Mazar Road Branch
Hazrat Shah Ali Girls High School
& College Market Complex
Mazar Road, Mirpur-1, Dhaka-1216
Phone : 02-8060752, 8035539, 9014395
Mobile : 01730-328681
Fax : 88-02-8035529
HOB:Md. Moshaddeque Hossain, VP
Pragati Sarani Branch
Green Orlando, 42/4 Pragati Sarani
Baridhara, Dhaka-1229
Phone : 02-8411503, 8411501
Mobile : 01730-318186
Fax : 88-02-8411504
HOB:Farook Iqbal, VP
Head Office & Branch Network
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Narayanganj Branch
H R Plaza, 64 (Old), 90 (New)
Bangabandhu Road, Narayanganj
Phone : 02-7648241, 7648243
Mobile : 01713-202431
Fax : 88-02-7648244
HOB:A.K.M. Hassanuzzaman, FVP
Demra SME/Krishi Branch
Matuail New Market Bhaban
Konapara, Demra, Dhaka-1362
Phone : 02-7542904, 7542911
Mobile : 01730-340795, 01714-075533Fax : 88-02-7542904
HOB:Md. Rezaul Karim, AVP
Mymensingh Branch
Ali Plaza, 64 Choto Bazar
Mymensingh
Phone : 091-63313, 63326
Mobile : 01730-340791
Fax : 88-091-63316
HOB:Md. Zillur Rahman, AVP
Aganagar Branch
Choto Masjid Road (Ispahani)
South Keraniganj, Dhaka
Phone : 02-7763658, 7763657
Mobile : 01730-340794
Fax : 88-02-7763659
HOB:Al Mansur, AVP
Dholaikhal Branch
72 Lal Mohon Saha Street
Dholaikhal, Dhaka-1100
Phone : 02-9560286, 9564529
Mobile : 01730-709985
Fax : 88-02-7117927
HOB:Md. Faizur Rahman Mazumder, VP
Ring Road Branch
Choice A J Golden Tower
2/1 Ring Road, Shyamoli, Dhaka-1207
Phone : 02-9103329
Mobile : 01730-373896
Fax : 88-02-9103330
HOB:Md. Kabir Hossain, AVP
Damudya BranchMain Road, Damudya Bazar
Damudya, Shariatpur
Phone : 06023-56204
Mobile : 01755-533146
Fax : 88-06023-56201
HOB: Md. Arifur Rahman, PO
Imamganj BranchMohammad Hossain Complex
Moulvibazar, Dhaka
Phone : 02-7312970, 7312821, 7312861
Mobile : 01713-049090
Fax : 88-02-7312943
HOB: Syed Ezazur Rahman, FVP
Rampura BranchCircle Alams Height, 375 West
Rampura, DIT Road, Dhaka- 1219
Phone : 02-8333697, 8333703
Mobile : 01755-533149
Fax : 88-02-8322797
HOB: Md. Moniar Rahman, VP
Kishoreganj Branch
M M Shopping Complex
573 Gouranga Bazar, Kishoreganj
Phone : 0941-51016, 51018
Mobile : 01755-637381Fax : 88-0941-51017
HOB: Md. Abul Kashem Khandaker, AVP
Bhulta Branch
Haji A Aziz Super Market
Bhulta, Rupganj, Narayanganj
Phone : 01755-637389
Mobile : 01755-637388 01755-637389
HOB: Mohammad Jubair Islam, FAVP
Sakhipur Branch
Sipa Super Market
Sakhipur Bazar, Sakhipur, Tangail
Phone : 09232-56274, 56275
Mobile : 01713-203958Fax : 88-09232-56273
HOB: Zia Uddin Ahmed, AVP
CHITTAGONG DIVISION
Agrabad Branch
Mishkat Arcade
21/1 Agrabad C/A, Chittagong
Phone : 031-716459, 716421
723181, 721772
Mobile : 01714-067805
Fax : 88-031-716459
HOB: Abdullah Md. Zaki Hasan, EVP
Khatunganj Branch
599 Ramjoy Mohajan Lane
Khatunganj, Chittagong
Phone : 031-626101, 626102, 622751
Mobile : 01711-723051
01819-201040
Fax : 88-031-635514
HOB: Jashim Uddin, FVP
Jubliee Road Branch
Kamal Chamber
61 Jubilee Road
Kotwali, Chittagong
Phone : 031-621018, 624819
Mobile : 01711-724874
Fax : 88-031-626072
HOB: Zahedul Islam, VP
International Airport Road Branch
A R A Plaza, 77-78 Airport Road
Amtali, Mahakhali C/A, Dhaka-1212
Phone : 02-9857368, 9857480
Mobile : 01755-532810
Fax : 88-02-9857435
HOB: Md. Abu Sakin, FVP
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Madam Bibir Hat Branch
Bhatiary, Sitakunda, Chittagong
Phone : 031-2780465
Mobile : 01713-196595
01730-076127Fax : 88-031- 2780686
HOB: Anwar Hossain, VP
Jhilongja Branch
Hotel Sea Palace Ltd.
Kalatali Road, Cox's Bazar
Phone : 0341-62234
Mobile : 01713-103662, 01713-196596
Fax : 88-0341-63734
HOB: Anupam Kumar Paul, AVP
O R Nizam Road Branch
191 CDA Avenue
East Nasirabad, Chittagong
Phone : 031-657512, 2550876
Mobile : 01713-103663, 01841-013454
Fax : 88-031-2550877
HOB: Syed Mahbubul Haq, VP
Chowmuhani Branch
Samobay Bhaban, Karimpur Road
Chowmuhani Begumgonj, Noakhali
Phone : 0321-52960
Mobile : 01713-036991
Fax : 88-0321-52966
HOB: Mohammed Masudul Hasan, FVP
Feni Branch
105 S S Kaiser Road Feni Model
Thana, Feni
Phone : 0331-63558, 63559
Mobile : 01713-452994
Fax : 88-0331-63557
HOB: Abu Yusuf Md. Abdullah Haroon, FVP
Comilla Branch
1042/945 Jhawtala
Comilla
Phone : 081-65275
Mobile : 01713-384498
Fax : 88-081-65275
HOB: M. A. Malek Patwary, FVP
Sheikh Mujib Road Branch
304 Sheikh Mujib Road
Chittagong
Phone : 031-2514236, 2524126-7
Mobile : 01730-013454
Fax : 88-031-2514235
HOB: Mrinal Paul, VP
Dagonbhuiyan Branch
Mizan Tower, 273 Bashurhat Road
Dagonbhuiyan, Feni
Phone : 03323-79160, 79105
Mobile : 01730-328684
Fax : 88-03323-79106
HOB: Md. Sana Ullah, FAVP
Faridganj Branch
Saima Abdullah Plaza, Chandra Road
Faridganj Bazar, Chandpur
Phone : 08422-64378
Mobile : 01730-318187, 01819-244177
Fax : 88-08422-64377
HOB: A.T.M Monjurul Karim, FAVP
Chittagong EPZ Branch
S A Tower, 2 No. Mailer Matha
South Halishahar Bandar, Chittagong
Phone : 031-740682-3, 742217Mobile : 01730-318185
Fax : 88-031-740684
HOB: Md. Mahibbul Karim, SVP
Patiya SME/Krishi Branch
Rahman Mansion, 1284/1 Club Road
Gobindokhal, Patiya, Chittagong
Phone : 03035-56579Mobile : 01730-320813
Fax : 88-03035-56579
HOB: Md. Abu Taher, PO
Amishapara SME/Krishi Branch
Aziz Super Market
Amishapara Bazar
Shonaimuri, NoakhaliMobile : 01730-320812
01730-340792
HOB: Kamrul Islam Zabed, FAVP
Rajnagar SME/Krishi Branch
Balua Chowmuhani, Dholia
Feni Sadar, Feni
Phone : 0331-73782, 73783
Mobile : 01711-303711, 01730-340793
Fax : 88-0331-73784
HOB: Md. Shahadat Hossain, FAVP
Rangamati Branch
Hotel Green Castle, 1 Patharghata
Reserve Bazar, Rangamati-4500
Phone : 0351-61267-68
Mobile : 01730-709986
Fax : 88-0351-61275
HOB: Debabrata Das, FVP
Banglabazar Branch
Banglabazar, Begumganj
Noakhali
Phone : 0321-53305, 56631
Mobile : 01730-709987
Fax : 88-0321-53164
HOB: Md. Mozammal Hussain, PO
Maijdee Court Branch
Honey Dew Point
10 Abdul Malek Ukil Sarak
Maijdee Court, Noakhali
Phone : 0321-71710, 71711
Mobile : 01730-709983, 01716-466599
Fax : 88-0321-71712
HOB: Md. Shahab Uddin Patwary, PO
Ashuganj Branch
Aziz Plaza, West Bazar
Char Chartala
Ashuganj, Brahammanbaria
Phone : 08528-74592
Mobile : 01755-533145
Fax : 88-08528-74593
HOB: Md. Shamsul Alam Siddique, PO
A K Khan Moor Branch
Anjuman Tower, Zakir Hossain Road
827 Feroz Shah Colony
Pahartali, Chittagong
Phone : 031-2773369, 2773367
Mobile : 01755-533140, 01730-444134
Fax : 88-031-2773368.
HOB: Md. Jamal Uddin, VP
Head Office & Branch Network
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RAJSHAHI DIVISION
Rajshahi Branch
ZODIAC Plaza
Shaheb Bazar (Zero Point), Rajshahi
Phone : 0721-772261, 771214
Mobile : 01711-419079
Fax : 88-0721-771215
HOB: Md. Abdul Mannan, AVP
Naogaon Branch
J.R. Super Market, Old Bus Stand
Chakdev MainRoad, Naogaon-6500
Phone : 0741-63331, 69181, 69182
Mobile : 01711-419057
Fax : 88-0741-63230
HOB: A S M Zakir Hossain, VP
Bogra Branch
Barogola, Bogra Sadar
Bogra
Phone : 051-69840
Mobile : 01713-044835
Fax : 88-051-69190
HOB: A.H.M. Kawsarul Islam, AVP
RANGPUR DIVISION
Rangpur Branch
Press Club Complex Biponi Bitan
Station Road, Rangpur-5400
Phone : 0521-51323, 51299
Mobile : 01713-201636, 01713-203586Fax : 88-0521-51110
HOB: Md. Abdul Matin, AVP
Dinajpur Branch
Dinajpur Plaza
Goneshtola, Dinajpur
Phone : 0531-61217
Mobile : 01730-328682Fax : 88-0531-61218
HOB: Md. Nazmul Kabir, AVP
Thakurgaon Branch
Afsar Uddin Chowdhury Plaza, College
Road, 111 Asram Para, Thakurgaon
Phone : 0561-61368
Mobile : 01755-533143Fax : 88-0561-61367
HOB:Md. Hazrat Ali, FAVP
Nilphamari Branch
Bari Plaza, Boro Masjid Road
Nilphamari
Phone : 0551-62007, 612008
Mobile : 01755-533144
Fax : 88-0551-62008
HOB:Md. Mamunur Rashid, AVP
Debiganj Branch
1892, Debiganj Bazar
Debiganj, Panchagarh
Phone : 05654-56151
Mobile : 01755-533147
Fax : 88-05654-56152
HOB:Md. Monjur Hossain, FAVP
Gobindaganj Branch
Anowara Super Market
Gobindaganj, Gaibanda
Phone : 05423-75083, 75387
Mobile : 01755-637387
Fax : 88-05423-75168
HOB:Shah Md. Mizanur Rahman, FAVP
Sapahar Branch
Saha Complex, Main Road
Sapahar, Naogaon
Phone : 07432-74081
Mobile : 01713-068096
Fax : 88-07432-74080
HOB: Md. Ruhul Amin Siddiqui, FAVP
Chapai Nawabganj Branch
65-67 Jhilim Road, Baro Indara More
Sadar, Chapai Nawabganj
Phone : 0781-51719, 51720
Mobile : 01730-709982
Fax : 88-0781-51707
HOB: Syed Saiful Islam, AVP
Shishahat Branch
Khorpa, Porsha
Naogaon
Mobile : 01755-533141
HOB: Md. Abdur Razzak, PO
Nazipur Branch
Noor Market, Harirampur, Nazipur
Patnitola, NaogaonPhone : 07428-63293
Mobile : 01713-203085
Fax : 88-07428-63294
HOB: Md. Abdul Kuddus Kazi, AVP
Niamatpur Branch
Girls Plaza, Balahore
Niamatpur, NaogaonPhone : 07427-56257
Mobile : 01712-075407, 01755-637385
Fax : 07427-56256
HOB: Md. Atiqur Rahman, SEO
Patherhat Branch
S M Shopping Center, Pather Hat
Noapara, Raojan, Chittagong
Phone : 031- 2573351
Mobile : 01713-104508, 01755-637384
Fax : 88-031- 2573352
HOB: A.M. Monsurul Hoque, AVP
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KHULNA DIVISION
Khulna Branch
Rupsha Plaza, 73 KDA Avenue C/A
Sonadanga, Khulna
Phone : 041-813561-2
Mobile : 01713-400641
Fax : 88-041-813563
HOB: Mohammad Salah Uddin, AVP
Jessore Branch
A. Ali Complex
45 R. N. Road, Jessore
Phone : 0421-68091, 62933
Mobile : 01730-328683
Fax : 88-0421-65392
HOB: B.M. Saifuzzaman, FVP
Kushtia Branch
A. Hamid market, N. S. Road
Boro Bazar, Kushtia-7000
Phone : 071-72412, 72411
Mobile : 01730-709984, 01711-388747
Fax : 88-071-72413
HOB: Md. Ashraf-Bin-Azher, FAVP
Chuadanga Branch
Malik Tower, 107 Borobazar, ShaheedAbul Kashem Sarak, Chuadanga
Phone : 0761-63641, 63871
Mobile : 01714-031241
Fax : 88-0761-63761
HOB: Md. Arafat Mostofa, FAVP
BARISAL DIVISION
Barisal Branch
141 Sadar Road, Barisal-8200
Phone : 0431-2176209
Mobile : 01713-38449601713-199827
Fax : 88-0431-2176208
HOB:Md. Humayun Kabir, AVP
Patuakhali Branch
0063-01 Natun Bazar, Patuakhali
Sadar, Patuakhali-8600
Phone : 0441-62979Mobile : 01730-340790
Fax : 88-0441-62971
HOB: Kazi Sohel, AVP
Bhola Branch
Karnaphuli Complex
3373 Sadar Road, Bhola
Phone : 0491-62720, 62721, 62722Mobile : 01755-637382
Fax : 0491-62720
HOB: Masum Iqbal, PO
SYLHET DIVISION
Sylhet Branch
Raisot Tower, Laldighirpar, Sylhet
Phone : 0821-723650, 723651Mobile : 01711-922810
Fax : 88-0821-723722
HOB: Imam Kabir Chowdhury, SVP
Moulvibazar Branch
152/2 Court Road, Moulvibazar
Phone : 0861-62871, 62872Mobile : 01713-068126, 01713-386897
Fax : 88-0861-62873
HOB:Golam Moula, AVP
Beanibazar Branch
Zaman Plaza, Beanibazar, Sylhet
Phone : 08223-56180Mobile : 01713-384495
Fax : 88-08223-56181
HOB: Md. Rezaul Haque Chowdhury, AVP
Nabiganj SME/ Krishi Branch
Sky Light Tower, Nabiganj
Habiganj
Phone : 08328-56307
Mobile : 01730-320814, 01720-036093
Fax : 88-08328-56306
HOB: Syed Maniruzzaman, SEO
Sunamganj Branch
Zaman Complex, Arpin Nagor
Sunamganj
Phone : 0871-61278
Mobile : 01755-533148, 01913-700566
Fax : 88-0871-61280
HOB: Md. Zainul Abedin, FVP
Subidbazar Branch
Prantik-16, 407 Sylhet, Sunamganj Road
Subidbazar, Sylhet
Phone : 0821-728371, 728372
Mobile : 01713-386896, 01755-637383
Fax : 88- 0821-728373
HOB: Debojyoti Majumder, AVP
Head Office & Branch Network
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MERCANTILE BANK SECURITIES LIMITED
Head office
Swadesh Tower, 41/6 Purana Paltan, Dhaka-1000
Phone : 02-7122513, 7122515, 7122356, 7119932
Fax : 88-02-7119078
BRANCHES
Dhaka Branch
Swadesh Tower
41/6 Purana Paltan, Dhaka-1000
Phone : 02-7122513, 7122515 7122356, 7119932
Fax : 88-02-7119078
Khulna Branch
Rupsha Plaza
73 KDA Avenue C/A
Shonadanga, Khulna-9100Phone : 041-731396
Fax : 88-041-731397
Mirpur Branch
Razia Plaza, Rokeya Sarani
184, Senpara Parbata
Mirpur - 10, Dhaka- 1216Phone : 02-9014660
Fax : 88-02-9014680
Sylhet Branch
Al-Hamra Shopping City
Zinda Bazar
Sylhet-3100
Phone : 0821-711565
Fax : 88-0821-711571
Uttara Branch
House-22, Sonargaon Janapath,
Sector-9, Uttara Model Town
Dhaka-1230
Phone : 02-8959047, 8950714
Fax : 88-02-8961798
Chittagong EPZ Branch
Mishkat Arcade
21/1 Agrabad C/A
Chittagong
Phone : 031-721865
Fax : 88-031-721866
Sat Masjid Road Branch
House-735 (Old), 82/A (New)Road-8/A, Satmasjid Road
Dhanmondi R/A, Dhaka-1209
Phone : 02-9126872
Fax : 88-02-9128541
MERCANTILE EXCHANGE HOUSE (UK) LIMITED
MBL Subsidaries
Birmingham Branch
Unit-2, 491 Coventry Road
Small Heath, Birmingham, B10 0 J S, UK
Phone : +44121-771-0546
Mobile : +44-7949902426
Fax : +44121-771-4675
E-mail : [email protected]
Khandakar Mahbub Murshed, Manager & Operation Director
London Branch
108 Whitechapel Road, London E1 1JE, UK
Phone : +4420-3638-1919
Mobile : +44-7738704863Fax : +4420-3638-1919
E-mail : [email protected]
Jude Mark Rozario, CEO & Manager
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Other Executives of the BankExecutive Vice Presidents
Md.Rabiul IslamNanda Dulal Bhattacharjee
Senior Vice Presidents
Faisal Ahsan Chowdhury
Niranjan Chandra Gope
Md. Sayeduzzaman Chowdhury
Md. Abul Bashar
Arif Md. Shahedul Haque
Vice Presidents
Md. Rashad Kamal (on leave)
Abdus Salam Shaikh
Md. Faruque AhmedA. K. M. Minhajul Islam
Md. Jamal Hossain
Md. Shafiqul Islam
Md. Khurshid Anwar
Lutful Haidar Chowdhury
Kabir Ahmed
Abu Asghar Gholam Haruni
Mostaque Uddin Ahmed
Md. Azimuddin
First Vice Presidents
Shah Nawaz Siddique
Md. Enayet Ullah
Moynul Islam
Mahmood Hasan
Md. Rezwanul Karim
Tanusree Mitra
Saiful Alam
Golam Mohammed Zaidi
Md. Shahadat Hossain Khan
Mahmuda Akhter
Mir Fauzia Rahman
Md. Nurul Alam
Farid Ahmed
Zareen Ahmed
Md. Masum Ali
Alok Kumar Biswas
Md. Shahidul Islam
Mesbah Uddin Ahamed
M. Ashik Arefin Hossain
Md. Aliullah
Md. Farid Uddin Ahmed Bhuiyan
Basudeb Paul
M. Ferdous Chowdhury
Kazi Md. Safayet Kabir
Assistant Vice Presidents
Muhammad Lutful Haider
K. M. Anowarul IslamMahmuda Khatun Munny
Md. Abul Hossain
Md. Mahbubur Rahman
Md. Mostafizur Rahman
Ferdausi Sultana
Md. Mynul Hossain Kabir
Shanaz Begum
Harunur Rashid
Sharina Quddus
Asaduzzaman Pavel
Lopita Mannan
Sanjib Kumar Sarkar
Md. Shahjahan Amin
Tashfeen Saleh
Fatema Saida Yasmin
Md. Shaiful Alam Choudhury
Muhammad Fayazur Rahman Biswas
A.I.M. Mostafa
Mohammad Mahtab Uddin
Pratap Kumar Deshmukhya
Suraya Nasrin
Zihan Al Fuad
Shahnewaz
Shamim Ahmed
Abu Sayed Md. Asadul Islam
Md. Nasim Alam
Sardar Mohammad Zobayar
Ashish Kumar Lasker
Md. Gias Uddin
Md. Humayun Kabir Bhuiyan
Md. Mizanur Rahman
Jannatul Mawa
Tapash Chandra Paul, Ph.D
Md. Ekhlasul Moula
Sayeda Sultana
Abu Saleh Md. Ibrahim
Muhammad Saiful Karim
Md. Salahuddin Khan
Deen Mohammad Khan
Dipak Kumar Chakraborty
Md. Sazzadur Rahman
Md. Atiqur Rahman
Asish Kumar Paul
Md. Anisur Rahman
Md. Akram Hossain
Mohammad Rezaul Karim
Md. Shaheen Reza
Sayed Md. Moharram Hossain
Munshi Md. Asif Reza
Tarafder Sushil KumarMd. Zahed Hossain
Ashfa Khanam
Khandoker Akram Hossain
Kazi Golam Rasul
Md. Shah Jamal
Asif Ahmed
Md. Delwar Hossain
S M Ruhul Amin
Md. Sarware Alam
Md. Mahfuzur Rahman
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Our Coverage
The green shaded districts represent our branch network coverage in the country.
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Performance Indicators
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(BDT in Million)
Particulars 2008 2009 2010 2011 2012
Income Statement
Interest Income 5,604.36 6,741.69 7,669.42 10,719.69 14,207.72Interest Expenses 4,045.97 4,755.90 5,176.00 8,022.13 10,556.79
Net Interest Income 1,558.39 1,985.79 2,493.42 2,697.56 3,650.93Non-Interest Income 1,273.14 1,506.12 2,282.39 3,404.69 2,459.83Non-Interest Expenses 1,250.02 1,580.21 1,928.69 2,600.57 2,759.98Net Non-Interest Income 23.12 -74.09 353.70 804.12 -300.15Profit before Provision and Tax 1,581.51 1,911.70 2,847.12 3,501.68 3,350.78Provision for Loans and Assets 299.83 248.92 411.20 497.50 969.33Profit after Provision before Tax 1,281.68 1,662.78 2,435.93 3,004.17 2,381.45Porvision for tax including deferred tax 665.80 855.26 1,010.59 1,270.00 1,000.00Profit after Tax 615.88 807.52 1,425.34 1,734.17 1,381.45
Balance Sheet
Authorized Capital 3000.00 8,000.00 8,000.00 8,000.00 8,000.00Paid-up Capital 1,798.68 2,158.42 4,072.21 4,968.10 6,110.75Shareholders' Equity 3,470.09 4,296.25 7,185.69 9,659.33 10,924.55Deposits 49,538.35 58,033.47 75,629.14 102,262.02 132,093.64Loans and Advances 43,419.36 48,295.55 66,377.70 79,999.80 93,610.87Investments 6,264.71 9,664.72 10,937.20 24,645.38 41,314.19Fixed Assets 683.00 1,032.83 1,647.58 2,711.32 2,898.60
Total Assets 55,928.72 66,166.52 87,140.11 116,553.01 154,040.18Foreign Exchange Business
Import 56,528.80 60,592.50 89,524.10 95,008.70 113,434.10Export 43,108.50 46,298.60 59,404.20 81,311.80 81,477.10Remittance 4,722.90 5,061.30 5,108.10 7,150.00 15,792.80
BIS Capital Measure (SOLO)
Total Risk Weighted Assets under Basel II (Basel I for2008 & 2009) 40,634.58 47,685.71 95,158.50 101,085.30 111,524.70Core (Tier I) Capital 3,470.92 4,236.52 7,100.80 8,834.97 10,216.87Supplementary (Tier II) Capital 660.29 758.91 1,583.52 1,794.40 1,861.99Total Capital/Regulatory Capital 4,131.21 4,995.43 8,684.32 10,629.37 12,078.86Core Capital to RWA 8.54% 8.89% 7.46% 8.74% 9.16%Supplementary Capital to RWA 1.63% 1.59% 1.67% 1.78% 1.67%Capital Adequacy Ratio under Basel II (Basel I for2008 & 2009) 10.17% 10.48% 9.13% 10.52% 10.83%
Credit Quality
Non Performing Loans (NPL) 1,242.47 1,252.05 1,187.81 2,084.62 4,090.92Provision for unclassified Loan 438.20 518.50 749.00 889.63 969.00
Provision for classified Loan 578.20 629.70 617.53 712.42 1,495.87NPL to total Loans and Advances 2.96% 2.59% 1.78% 2.61% 4.37%
Common Share Information
Market Price per Share (BDT) 34.83 39.50 58.05 34.80 19.10No. of Shares Outstanding (Million) 179.87 215.84 407.22 496.81 611.08Earning per Share (BDT) 2.85 3.07 4.10 3.49 2.26Dividend: 20.00% 22.00% 22.00% 23.00% 15% Cash - - - - 7.00% Stock 20.00% 22.00% 22.00% 23.00% 8.00%Dividend Payout Ratio 70.10% 71.73% 54.09% 63.90% 66.37%Market Capitalization 6,263.89 8,525.73 23,639.12 17,288.96 11,671.54Book Value per Share 19.29 19.90 17.65 19.44 17.88Market Value Book Value multiple 1.81 1.98 3.29 1.79 1.07Price Earning Multiple (Times) 12.21 12.88 14.14 9.97 8.45
Operating Performance Ratio
Net Interest Margin (NIM) 3.72% 3.58% 3.59% 2.93% 2.99%
Net Non-interest Margin 0.05% -0.13% 0.51% 0.87% -0.25%Earning base in Assets (average) 90.56% 90.81% 90.62% 90.46% 90.15%Cost Income Ratio 44.15% 45.25% 40.38% 42.62% 45.17%Credit Deposit Ratio 87.65% 83.22% 87.77% 81.68% 79.26%Cost of Deposits 9.19% 8.81% 7.94% 9.63% 10.02%Yield on Loans and Advances 13.24% 13.12% 12.80% 13.86% 14.72%Spread 4.05% 4.31% 4.86% 4.23% 4.70%Return on Average Assets 1.22% 1.32% 1.86% 1.70% 1.02%Return on Average Equity 17.75% 18.80% 19.84% 17.95% 13.42%Equity Multiple (Times) 16.12 15.40 12.13 12.07 14.10
Other Information
No. of Branches 42 53 65 75 86No. of Employees 1,115 1,303 1,526 1,668 1,981No. of Correspondence Relationship 586 590 589 638 627
Fiancial Highlights
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Graphical Presentation
2008 2009 2010 2011 2012
299.83 248.92
411.20497.50
969.33
Provision for Loans and Assets
2008 2009 2010 2011 2012
615.88
807.52
1,425.34
1,734.17
1,381.45
Profit after Tax
2008 2009 2010 2011 2012
49,538.3558,033.47
75,629.14
102,262.02
132,093.64
Deposits
2008 2009 2010 2011 2012
1,558.39
1,985.79
2,493.422,697.56
3,650.93
Net Interest Income
2008 2009 2010 2011 2012
3,470.094,296.25
7,185.69
9,659.33
10,924.55
Shareholders' Equity
2008 2009 2010 2011 2012
43,419.36 48,295.55
66,377.70
79,999.80
Loans and Advances
93,610.87
2008 2009 2010 2011 2012
56,528.80 60,592.50
89,524.1095,008.70
113,434.10
Import
2008 2009 2010 2011 2012
1,581.511,911.70
Profit before Provision and Tax
3,501.68 3,350.78
2,847.12
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
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2008 2009 2010 2011 2012
43,108.5046,298.60
59,404.20
81,311.80
Export
81,477.10
2008 2009 2010 2011 2012
4,722.90 5,061.30 5,108.107,150.00
Remittance
15,792.80
2008 2009 2010 2011 2012
4,131.21 4,995.43
8,684.3210,629.40
12,079.00
Capital Fund
2008 2009 2010 2011 2012
19.29
19.90
17.65
Book Value per Share
19.44
17.88
2008 2009 2010 2011 2012
3.72%
3.58% 3.59%
2.93% 2.99%
Net Interest Margin (NIM)
2008 2009 2010 2011 2012
10.17%10.48%
9.13%
10.52%10.83%
Capital Adequacy Ratio
2008 2009 2010 2011 2012
1,242.47 1,252.05 1,187.81
2,084.62
Non Performing Loans (NPL)
4,090.92
2008 2009 2010 2011 2012
34.8339.50
58.05
34.80
19.10
Market Price per Share
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT in Million)
(BDT)
(BDT)
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Yields on Advances
2008 2009 2010 2011 2012
2.85 3.07
4.10
3.49
2.26
Earning per Share
2008 2009 2010 2011 2012
44.15%
45.25%
40.38%
42.62%
Cost Income Ratio
45.17%
2008 2009 2010 2011 2012
9.19%
8.81% 7.94%
9.63%
Cost of Deposits
2008 2009 2010 2011 2012
4.05% 4.31%
4.86%
4.23%
Spread
10.02%
(BDT in Million)
(BDT)
4.70%
2008 2009 2010 2011 2012
13.24% 13.12% 12.80%13.86% 14.72%
2008 2009 2010 2011 2012
42
53
65
75
No. of Branches
86
2008 2009 2010 2011 2012
No. of Employees
2008 2009 2010 2011 2012
55,928.72
1,115
1,303
1,526
1,668
1,981
66,166.52
87,140.11
116,553.01
154,040.18
75
Total Assets
86
Graphical Presentation
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Market Performance
Dhaka Stock Exchange (DSE)
January, 2012
February, 2012
March, 2012
April, 2012
May, 2012
June, 2012
July, 2012
August, 2012
September, 2012
October, 2012
November, 2012
December, 2012
Chittagong Stock Exchange (CSE)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
40
35
30
25
20
15
10
5
0
Dhaka Stock Exchange(DSE)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
40
35
30
25
20
15
10
5
0
Chittagong Stock Exchange(CSE)
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Financial Calendar
Quarterly Results
Particulars Submission Date
Audited consolidated results for
the 4th quarter ended 31 December 2011
Unaudited consolidated results for the
1st quarter ended 31 March 2012
Unaudited consolidated results for the
2nd quarter and half-year ended 26.07.2012
30 June 2012
Unaudited consolidated results for the
3rd quarter ended 30 September 2012
Dividends
Particulars Record Date Allotment Date
Distribution of 23% stock 06.03.2012 28.03.2012
dividend in respect of
financial year ended on
31 December 2011
Annual General Meetting (AGM)
Particulars Notice Date Held On
13th AGM 15.02.2012 28.03.2012
Taxation on Dividend Income
Stock dividend is tax exempted. In case of cash
dividend, following is the rate of tax deduction at source
on dividend income as per current fiscal act:
If the shareholder is a company, either resident ornon-resident, at the rate applicable to the company
i.e. 20%
If the shareholder is a resident person, other thancompany, at the rate of 10%
If the shareholder is a non-resident (Other than
Bangladesh) person, other than company, at the
rate of 25%
Since stock dividend is out of the loop of withholding tax
deduction, its effective rate of return is much higher
than cash dividend.
Taxation on Capital Gain
Capital gain arising from transfer or sale of GovernmentSecurities is tax exempted. Capital gain arising from
transfer or sale of Stocks and Shares of publicly listed
companies listed with stock exchanges is taxable at the
rate of 10%. For non-resident the tax exemption on
capital gain shall be allowed if the similar exemption is
allowed in the country of residence of the non-resident.
Other Information
Exchange controls and other limitations affecting equity
security holders
Non-residents can buy and sell MBLs share and
transfer the dividends after complying with Guidelines
for Foreign Exchange Transactions 1996 and SEC
Rules.
Stock Details
Particulars DSE CSE
Stock Symbol MERCANBANK MERCANBANK
Company Code 11128 22023
Listing Year 2003 2003
Market Category A A
Electronic Share Yes Yes
Market Lot (Nos.) 500 100
Face Value (Taka) 10 10
Total Number of Shares 611,075,316 611,075,316
(31-12-2012)
Accessibility of Annual Report 2012
Annual Report 2012 and other information about MBL
may be accessed on MBLs website www.mblbd.com.
MBL provides copies of Annual Reports to the
Bangladesh Securities and Exchange Commission,
Bangladesh Bank, Dhaka Stock Exchange and
Chittagong Stock Exchange for their reference.
Respectable stakeholders may read them at their public
reference room or library.
Shareholders Inquiries
Share Department
Mercantile Bank Limited
Head Office
61 Dilkusha Commercial Area
Dhaka-1000
Web: www.mblbd.com
15.02.2012
26.04.2012
04.11.2012
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Capital Adequacy
Complying the new risk based capital adequacy
framework i.e. Basel II, MBL maintains a strong capital
base. Total eligible capital of the Bank stood at BDT
1,207.90 Crore as on December 2012 which is well
above than minimum requirement of BDT 1,115.25
Crore as on the same date. Capital Adequacy Ratio is
10.83% (Solo) as on December 2012 compared to
minimum requirement of 10% as per Basel II.
Economic Impact refers to the effect of a policy,
program, project, activity or event on the economy.
Economic impact is usually measured in terms of
changes in economic growth (output or value added) andassociated changes in jobs (employment) and income
(wages). We can understand how a bank adds value to
the society by analyzing economic impact.
MBL aims to create optimum value to its stakeholders.
Economic impact report highlights the value that the
Bank caters to its shareholder and to the country as a
whole. Among others, followings are the important
measures taken by the Bank with a view to offering
sustainable values to its stakeholders.
EconomicImpact Report
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Economic Value-Added (EVA) attempts to capture the
true economic profit of a company. EVA is calculated by
deducting the cost of equity capital employed from the
post-tax profit plus provision for loans and advances.
Companies which earn higher returns than cost of
capital create value. Therefore, Shareholders/Equity
providers are always conscious about their return on
capital invested. As a commercial banking company,
MBL is deeply concerned for delivering higher value to
its Shareholders/Equity providers.
Value added statement shows how much value (wealth)
has been added and distributed by MBL in 2012 for its
employees, government and shareholders in the form of
salaries & allowances, income tax, profit after tax
respectively and also indicates depreciation value of
fixed assets.
December, 2012 December, 2011
Total Eligible Capital Minimum Capital Requirement
1,2
07.9
0
1,1
15.2
5
1,0
62.9
4
1,0
10.8
5
23%
35%
12%26%
4%
(BDT in Million)
(BDT in Million)
(BDT in Core)
To Employees
To Government as Income Tax
Retained Earnings
To Statutory Reserve
Depreciation
Value Added Statement
for the year ended December 31, 2012
Economic Value Added Statement
Particulars 2012 2011
Income from Banking Services 16,667.55 14,124.38
Less: Cost of Services & Supplies (11,808.45) (9,200.08)
Value added by Banking Services 4,859.10 4,924.30
Provision for loans & off -balance sheet items (969.33) (497.50)
Total Value Added 3,889.77 4,426.80
Distribution of value addition 2012 2011To Employees 1,363.76 1,292.01
To Government as Income Tax 1,000.00 1,270.00
Depreciation 144.56 130.61
To Statutory Reserve 476.29 600.83
Retained Earnings 905.16 1,133.34
Total 3,889.77 4,426.80
2012 2011
920.42
1,202.10
(BDT in Crore)
Dec-12 Dec-11
Tier-1 (Core Capital) 1,021.70 883.50
Tier-2 (Supplementary Capital) 186.20 179.44
Tier-3 (Additional Supplementary
Capital) - -
Total Eligible Capital 1,207.90 1,062.94
Total Risk Weighted Assets (RWA) 11,152.47 10,108.53
Capital Adequacy Ratio (Solo) 10.83% 10.52%
Core Capital to RWA 9.16% 8.74%
Supplementary Capital to RWA 1.67% 1.78%
Minimum Capital Requirement (MCR) 1,115.25 1,010.85
Economic Value Addition (BDT in Million)
Particulars
Economic Impact Report
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Market Value Added Statement
for the year ended December 31, 2012
Market value added (MVA) shows the difference
between the total market value and total book value of
shares of a company. A high Market Value Added
indicates that the company has created substantial
wealth for the equity holders. The market value of the
Bank stood at BDT 11,671.54 million whereas the book
value of the share stood at BDT 10,924.55 million,
resulting a Market Value Added of BDT 746.99 million
as on December 31,2012.
Particulars No. of Shares Outstanding Per Share (BDT) BDT in Million
Market value 611,075,316 19.10 11,671.54
Book value 611,075,316 17.88 10,924.55
Market value added 746.99
Payment of Dividends
MBL has been maintaining a very healthy and stable
dividend policy. During the last few years the Bank paid
only stock dividend with a view to strengthening its
capital base and thereby maintaining strong capital
adequacy as per Basel II. This year, Board has
recommended 15% dividend (cash dividend @ 7% and
stock dividend @ 8%).
22%
20%
22%
23%
15%
2008 2009 2010 2011 2012
Particulars 2012 2011
Shareholders' Equity 10,924.55 9,659.33
Add: Cumulative provision for loans and
advances and off-balance sheet exposure 2,947.42 2,010.87
13,871.97 11,670.20
Average Shareholders' Equity 12,771.09 10,295.67
Earnings
Profit After Tax 1,381.45 1,734.17
Add: Provision for loans and advances and off-balance sheet
exposure during the year 969.33 497.50
Total Earnings (a) 2,350.78 2,231.67
Average cost of equity (based on first year's return on sanchaypartra by the
Government of Bangladesh) plus 2% risk premium 11.20% 10.00%
Total cost of average equity (b) 1,430.36 1,029.57
Econmic Value Addition (a-b) 920.42 1,202.10
(BDT in Million)
Market Value Book Value Market Value added
746.9
9
10,9
24.5
5
11,6
71.5
4
(BDT in Million)
www.mblbd.com
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Segment Reporting
MBL Operation
Banking Operation
(BDT in Crore)
(BDT in Crore)
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Message from the Chairman
Bismillahir Rahmanir Rahim
Assalamualaikum
Dear Shareholders, Respected members of the Board and the MBL Team,
Its my pleasure to welcome you all to the 14th Annual General Meeting (AGM) of Mercantile Bank Limited (MBL) and
to present before you the Annual Report 2012 and the Audited Financial Statements for the year ended on 31
December, 2012. On behalf of the Board of Directors, I would like to express my gratitude and thanks for your
continuous support and co-operation. Your support has helped us attain a base in the finance industries. Thanks to you,
our customers and all other stakeholders. We have been able to establish ourselves as a bank of repute.
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Global Economy in 2012
The world economy has passed another challenging
year in 2012. More than four years after the turbulence,
the global economy continues to feel the effects of the
financial crisis. On-going market volatility continues tofetter economic growth throughout the world. Global
growth dropped to almost 3% in 2012, which indicates
that about half a percentage point has been trimmed off
the long-term trend since the crisis emerged. This
slowing trend is likely to continue. Mature economies are
still healing the scars of the crisis. But unlike 2010 and
2011, emerging markets did not pick up the sl