Mercantile Bank PLC 2023 IR
The report highlights Mercantile Bank PLC.'s performance and sustainability initiatives for the fiscal year 2023. Despite global economic challenges, the company successfully reduced its non-performing loan (NPL) ratio to 6.08% and maintained a robust capital adequacy ratio (CRAR) of 14.79%. The bank expanded its network by opening 12 new sub-branches, bringing its total to 152 branches and 42 sub-branches. In sustainability, the company disbursed BDT 17,166.08 million in sustainable finance, including BDT 254.07 million in green finance, and powered 60 of its branches with solar energy.
Company: Mercantile Bank PLC
Sector: Financials
Country: Bangladesh
Year: 2023
Type: IR
Pages: 504
Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank PLC.'s performance and sustainability initiatives for the fiscal year 2023. Despite global economic challenges, the company successfully reduced its non-performing loan (NPL) ratio to 6.08% and maintained a robust capital adequacy ratio (CRAR) of 14.79%. The bank expanded its network by opening 12 new sub-branches, bringing its total to 152 branches and 42 sub-branches. In sustainability, the company disbursed BDT 17,166.08 million in sustainable finance, including BDT 254.07 million in green finance, and powered 60 of its branches with solar energy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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
Employees