Mercantile Bank (MERBNK BD)

Mercantile Bank Limited provides various commercial banking services in Bangladesh. The company�s retail banking products and services include various deposits, such as current deposit, savings bank, special noticed deposit, and fixed deposit accounts, as well as various deposit schemes; loans comprising education, car, home, house furnishing, cottage, overseas employment, ETP/biogas/solar energy, and Krishi/Polli loans; various credit schemes; lease financing services; credit and debit cards; and online, mobile, and SMS banking, as well as locker services. It also offers small and medium enterprise financing services comprising term, continuous, short term seasonal, and women entrepreneur's loans, as well as trade financing. In addition, the company provides corporate banking products consisting of short term, long term, real estate, import/trade, export, and structured finance; loan syndication; and work order financing/construction business financing services. Further, it offers foreign trade services; NRB banking; brokerage service, including margin loans and depository participant services; research and custodian services; and remittance services, as well as buys and sells securities. As of December 31, 2015, the company had approximately 109 branches, 136 automated teller machines, and 20 cash deposit machines. Mercantile Bank Limited was founded in 1999 and is headquartered in Dhaka, Bangladesh. Mercantile Bank Limited is a subsidiary of Mercantile Bank Holdings Ltd.