Mercantile Bank PLC 2024 AR2
The report highlights Mercantile Bank PLC.'s performance and sustainability initiatives for the fiscal year 2024. Despite macroeconomic challenges, the bank achieved a 10.57% expansion in total assets to BDT 444,690.30 million and an 11.66% increase in total deposits. The bank prioritized financial inclusion, expanding its network to 152 branches, 45 sub-branches, and 188 agent banking outlets. It also advanced its digital transformation through the MBL Rainbow app and e-KYC platform. In sustainability, the bank disbursed BDT 33,657.70 million in green and sustainable finance, aligning its operations with the UN Sustainable Development Goals.
Company: Mercantile Bank PLC
Sector: Finance & insurance
Country: Bangladesh
Year: 2024
Type: AR2
Pages: 458
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Mercantile Bank PLC
Annual Report
The report highlights Mercantile Bank PLC.'s performance and sustainability initiatives for the fiscal year 2024. Despite macroeconomic challenges, the bank achieved a 10.57% expansion in total assets to BDT 444,690.30 million and an 11.66% increase in total deposits. The bank prioritized financial inclusion, expanding its network to 152 branches, 45 sub-branches, and 188 agent banking outlets. It also advanced its digital transformation through the MBL Rainbow app and e-KYC platform. In sustainability, the bank disbursed BDT 33,657.70 million in green and sustainable finance, aligning its operations with the UN Sustainable Development Goals.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees