Mercantile Bank PLC 2018 IR
The report highlights Mercantile Bank Limited's performance for the fiscal year 2018, marking its twentieth year of operations. The company achieved a steady pre-tax profit of BDT 4,350.94 million and a post-tax profit of BDT 3,000.94 million, despite challenges from interest rate caps. Loans and advances grew by 12.31% year-on-year, while the deposit base expanded by 10.49%. The company also expanded its physical footprint by opening nine new branches, bringing its total network to 138 branches. Additionally, the company demonstrated its commitment to sustainability by powering 54 branches with solar energy and investing BDT 140.63 million in community initiatives.
Company: Mercantile Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2018
Type: IR
Pages: 459
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Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank Limited's performance for the fiscal year 2018, marking its twentieth year of operations. The company achieved a steady pre-tax profit of BDT 4,350.94 million and a post-tax profit of BDT 3,000.94 million, despite challenges from interest rate caps. Loans and advances grew by 12.31% year-on-year, while the deposit base expanded by 10.49%. The company also expanded its physical footprint by opening nine new branches, bringing its total network to 138 branches. Additionally, the company demonstrated its commitment to sustainability by powering 54 branches with solar energy and investing BDT 140.63 million in community initiatives.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees