Type | Public |
---|---|
DSE: MERCANBANK CSE: MERCANBANK | |
Industry | Banking |
Founded | 1999[1] |
Headquarters | , |
Services | |
Number of employees | 2,305 [2] (2018) |
Website | www |
Mercantile Bank Limited is a commercial bank [1] [3] headquartered in Dhaka, Bangladesh. [4] [5]
Mercantile Bank is a public limited company with limited liability under the bank companies act, 1991. Its share are listed in Dhaka Stock Exchange and Chittagong Stock Exchange. The bank provide products and services in retail banking, corporate finance, Islamic finance, asset management, equity brokerage and security. It has 119 branches [6] in Bangladesh and employs around 2,300 employees. [2]
In April 2009, Mohammad Abdul Jalil, a former Awami League Commerce Minister, was elected chairman of Mercantile Bank. [7]
Md Abdul Jalil was re-elected chairman of Mercantile Bank in April 2012. [8]
On 9 January 2013, M Ehsanul Haque was appointed managing director of Mercantile Bank. [9] In May 2013, Bangladesh Bank found a director of Mercantile Bank, Md Shahabuddin Alam, was involved with illegal transaction involving subsidiaries of SA Group of Industries. [10] M Amanullah was elected chairman of Mercantile Bank. [11]
Bangladesh Bank appointed an observer to Mercantile Bank in November 2014. [12]
In January 2016, Kazi Masihur Rahman was appointed managing director of Mercantile Bank. [13]
Bangladesh Bank investigation in February 2018 found that the bank violated rules regarding cash incentive for exports. [14] The Anti-Corruption Commission sued four directors of Mercantile Bank, Akram Hossain Humayun, M Amanullah, Md Anwarul Haque, and Mohd Selim, in December 2018 for helping Patrick Fashions and Kazi Farhad Hossain secure a loan mortgaging government property. [15]
From 17 to 21 February 2019, Mercantile Bank suspended all activities as it was shifting its data center. [16] Md Quamrul Islam Chowdhury was appointed managing director of Mercantile Bank. [17] Morshed Alam, chairman of Bengal Group of Industries and member of parliament from Awami League, was appointed chairman of Mercantile Bank in July. [18]
In January 2020, Bangladesh Bank removed a director of Mercantile Bank, Md Shahidul Ahsan, over allegations of money laundering. [19]
Bangladesh Bank removed a director of Mercantile Bank, AKM Shaheed Reza, for being involved in irregular loans in April 2021. [20] Reza was investigated by Bangladesh Financial Intelligence Unit and the Financial Integrity and Customer Services Department of Bangladesh Bank who found his involvement in irregular loans with PK Halder. [20] Morshed Alam was reappointed chairman of Mercantile Bank. [21]
In March 2022, Bangladesh Securities and Exchange Commission approved Mercantile Bank Unit Fund, an open-ended mutual fund. [22] In July, Mercantile Bank announced plans to buy commercial real-estate from its chairman, Morshed Alam, in Noakhali District from 81.5 million BDT. [23]
Name | Position | Referencce |
---|---|---|
Morshed Alam | Chairman | [28] |
A. S. M. Feroz Alam | Vice-Chairman | [28] |
Md. Abdul Hannan | Vice-Chairman | [28] |
Md. Anwarul Haque | Director | [28] |
M. Amanullah | Director | [28] |
Gazi Mohammad Hasan Jamil | Director | [28] |
Akram Hossain Humayun | Director | [28] |
Mosharref Hossain | Director | [28] |
M. A. Khan Belal | Director | [28] |
Mohammad Abdul Awal | Director | [28] |
Md. Rezaul Kabir | Director | [28] |
Md. Quamrul Islam Chowdhury | Managing Director | [28] |
Rupali Bank is a state owned commercial bank in Bangladesh. Its headquarters is in 34 Dilkusha, Dhaka. Kazi Sanaul Haque is the chairman of the bank. Mohammad Jahangir is the managing director of the bank.
Janata Bank Ltd. is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh. In 2019, Janata Bank had a fiscal deficit of 82.56 billion taka, the highest of any bank in Bangladesh ever. It's the worst performing public bank in Bangladesh.
The National Bank Limited is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank.
Dhaka Bank Limited is a private limited commercial bank in Bangladesh. Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country.
Bangladesh Development Bank is a state-owned specialised commercial bank in Bangladesh. The bank has one of the highest loan default rates in Bangladesh. Shamima Nargis is the chairperson of the bank. Kazi Alamgir is the chief executive officer and managing director of the bank.
S.Alam Group is a Bangladeshi industrial conglomerate. S. Alam Group also has investment in banking, leasing, insurance, stock brokering, and merchant banking. The industries under this group include food and allied products, steel, banking, consumer products, sugar, cement, power, energy, transportation, shipping, manufacturing, hospitality, financial institution, agro, trading, oil, and gas.
Social Islami Bank Limited is a Shari'ah based islami bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed name to Social Islami Bank Limited. Up to October, 2021, SIBL has 172 branches including 22 AD branches, 104 subbranches & 200 agent banking outlets.
First Security Islami Bank Limited is a public limited bank in Bangladesh which was founded on 29 August 1999 provides sharia compliant banking. Mohammed Saiful Alam, chairman of S. Alam Group of Industries, is the chairman of First Security Islami Bank Limited. The bank experienced a cash crunch in 2022 after proving large unsecured loans.
Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.
Jubilee Banks is one of the oldest commercial banks in Bangladesh. It is a non-scheduled bank, one of five in Bangladesh. The others are Ansar-VDP Unnayan Bank, Grameen Bank, Karmasangsthan Bank, and Palli Sanchay Bank. It is scheduled for liquidation in 2022.
Modhumoti Bank Limited is a private limited commercial bank in Bangladesh. The bank was established in 2013. Md Shafiul Azam is the Chief Executive Officer of the Bank. Humayun Kabir is the chairperson and Sheikh Salahuddin Jewel is the Vice Chairman of the Bank. Sheikh Fazle Noor Taposh is a director of the Bank.
Padma Bank Limited, formerly known as The Farmers Bank Limited, is a private commercial bank headquartered in Gulshan-1, Dhaka, Bangladesh. The bank was established in 2013. The fourth generation bank commenced its banking operation on June 3, 2013. By an order On 29 January 2019 Bangladesh Bank has changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due numerous bad loans and embezzlements.
S. A. Group is a Bangladeshi diversified conglomerate based in Chittagong. Shahabuddin Alam is the managing director of S.A. Group. The company has a workforce of 2,500 by 2022. SA Group has been operating 17 factories since 1988 with 8 master products under two brands Goalini and Muskan. These include Dhaka and Chittagong edible oil refineries, condensed milk, dairy products, tea leaves, flour, semolina, salt, water, paper and paper products.
NRB Commercial Bank Limited is a third-generation private bank in Bangladesh owned by non-resident Bangladeshis. SM Parvez Tamal is the chairperson of the bank. The Bank is listed on the Dhaka Stock Exchange. Golam Awalia is the CEO and managing director of the Bank.
Union Bank Limited is a fourth-generation private Islamic bank in Bangladesh. It is listed on the Dhaka Stock Exchange.
Aviva Finance Limited is a sharia complaint major non-bank financial institution in Bangladesh. It was formerly called Reliance Finance Limited. Mohammed Saiful Alam is the chairman of Aviva Finance Limited and also S. Alam Group. The former managing director of Reliance Finance Limited, Proshanta Kumar Halder, embezzled from Reliance and other financial institutions in Bangladesh through fraudulent loans. According to the Anti-Corruption Commission Proshanta Kumar Halder had stolen 102 billion taka. The Daily Star gave Proshanta Kumar Halder the name sultan of swindle.
Fareast Finance and Investment (FFIL) is a major non-bank financial institution in Bangladesh providing leasing and loans. It is listed on the Dhaka Stock Exchange.
Premier Leasing and Finance Limited, also known as PLFL, is a major non-bank financial institution in Bangladesh that provides leasing finance.
Uttara Finance and Investments Limited, also known as UFIL, is a major non-bank financial institution in Bangladesh. Major General (retired) Mohammad Maksudur Rahman is the chairman of Uttara Finance and Investments Limited. It is owned by the owners of Uttara Group of Companies.
Uttara Group of Industries is a Bangladeshi diversified conglomerate based in Dhaka. Matiur Rahman, president of the president of Bangladesh Motorcycle Manufacturers and Assemblers Association, is the chairman and managing director of Uttara Group of Industries.
{{cite web}}
: CS1 maint: url-status (link){{cite web}}
: CS1 maint: url-status (link)