Mercantile Bank PLC 2017 IR
The report highlights Mercantile Bank Limited's financial and operational performance for the fiscal year 2017, showcasing a significant 48.10% growth in operating profit to BDT 6,570.57 million and a 35.48% increase in profit after tax to BDT 3,017.72 million. The company expanded its network to 129 branches and successfully reduced its non-performing loan (NPL) ratio to 3.79% from 5.13% in the previous year. In sustainability, the bank disbursed BDT 186.25 million for corporate social responsibility (CSR) activities, focusing on education, health, and disaster management, and expanded its green banking initiatives, including powering 48 branches with solar energy.
Company: Mercantile Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2017
Type: IR
Pages: 379
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Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank Limited's financial and operational performance for the fiscal year 2017, showcasing a significant 48.10% growth in operating profit to BDT 6,570.57 million and a 35.48% increase in profit after tax to BDT 3,017.72 million. The company expanded its network to 129 branches and successfully reduced its non-performing loan (NPL) ratio to 3.79% from 5.13% in the previous year. In sustainability, the bank disbursed BDT 186.25 million for corporate social responsibility (CSR) activities, focusing on education, health, and disaster management, and expanded its green banking initiatives, including powering 48 branches with solar energy.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees