MERCANBANK fundamentals

Mercantile Bank PLC engages in providing money transfer services. It operates through the following business segments: Conventional Banking, Islamic Banking, Offshore Banking Unit (OBU), Mercantile Bank Securities Ltd. (MBSL), MBL Assets Management Ltd. (MBL AML), and Mercantile Exchange House (UK) Ltd. The Conventional Banking segment focuses on the core commercial banking services of the company including deposits, loans, SME financing, agricultural credit, MBL cards, and other services. The Islamic Banking segment operates under the brand Taqwa and provides Shariah-compliant financing services. The OBU segment offers commercial banking services to customers in foreign currencies approved by the Bangladesh Bank. The MBSL segment operates as a subsidiary company and is involved in stock dealing and brokering. The MBL AML segment classify as a subsidiary company, which manages mutual fund, asset management, portfolio management, capital market operation, issue manager, financial intermediary services, and other related services in Bangladesh and overseas. The Mercantile Exchange House (UK) Ltd. segment refers to be a subsidiary company operating a remittance business in United Kingdom through the London branch. The company was founded on May 20, 1999 and is headquartered in Dhaka, Bangladesh.