Mercantile Bank PLC 2019 IR
The report highlights Mercantile Bank Limited's financial and sustainability performance for the fiscal year 2019. The company achieved an operating profit of BDT 7,355.75 million and a net profit after tax of BDT 2,175.50 million, while maintaining a Capital to Risk Weighted Assets Ratio (CRAR) of 13.92%. In terms of sustainability, the bank invested BDT 809 million in renewable energy and environment-friendly projects and spent BDT 156.77 million on community investments. Additionally, the company successfully upgraded its Core Banking System to Temenos T24 (R19) and obtained permissions for agent banking and Islamic banking window operations to enhance financial inclusion.
Company: Mercantile Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2019
Type: IR
Pages: 392
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Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank Limited's financial and sustainability performance for the fiscal year 2019. The company achieved an operating profit of BDT 7,355.75 million and a net profit after tax of BDT 2,175.50 million, while maintaining a Capital to Risk Weighted Assets Ratio (CRAR) of 13.92%. In terms of sustainability, the bank invested BDT 809 million in renewable energy and environment-friendly projects and spent BDT 156.77 million on community investments. Additionally, the company successfully upgraded its Core Banking System to Temenos T24 (R19) and obtained permissions for agent banking and Islamic banking window operations to enhance financial inclusion.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees