Mercantile Bank PLC 2020 AR2
The report highlights Mercantile Bank Limited's performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic and the implementation of single-digit interest rates, the bank achieved an operating profit of BDT 3,947.74 million and a net profit of BDT 2,161.32 million. The bank expanded its services by launching the 'Taqwa' Islamic Banking Window in 25 branches and establishing 101 Agent Banking Outlets. Additionally, the bank contributed BDT 304.11 million to corporate social responsibility activities, including BDT 150 million to the Prime Minister's Relief & Welfare Fund, and reduced its non-performing loan ratio to 4.72%.
Company: Mercantile Bank PLC
Sector: Financials
Country: Bangladesh
Year: 2020
Type: AR2
Pages: 468
Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank Limited's performance and sustainability initiatives for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic and the implementation of single-digit interest rates, the bank achieved an operating profit of BDT 3,947.74 million and a net profit of BDT 2,161.32 million. The bank expanded its services by launching the 'Taqwa' Islamic Banking Window in 25 branches and establishing 101 Agent Banking Outlets. Additionally, the bank contributed BDT 304.11 million to corporate social responsibility activities, including BDT 150 million to the Prime Minister's Relief & Welfare Fund, and reduced its non-performing loan ratio to 4.72%.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees