MBL Young Bankers Appreciation Award 2018
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Chairman's Message
Respected Shareholders,
2017 was a very challenging year for us at Mercantile Bank Limited. Despite a tough atmosphere, we demonstrated our enthusiasm and passion to contribute for better society apart from regular business practices. A sustainable and dynamic organization grows by certain core uniqueness such as expertise, state of the art technology and passion for serving its constituents and society. This statement rightly fits with Mercantile Bank Limited, a fast growing financial institution for which I have the privilege of working as the Chairman of the Board.

Having dealt with economic turmoil, we anticipated more on how to set a competitive strategy and business model that would ever evolve. As such, our Management planed to consign the Bank back to the path of growth and sustainable success. Our goal is to strengthen our position as a leading bank with global reach, supported by our strong branding position in Bangladesh.

Under active monitoring and supervision of Management, we have amplified the magnitude of our business keeping synchronization with domestic and international economy. Last year, MBL performed well in its corporate banking portfolio without keeping away the focal point from SME and retail business segment. We were able to impede further deterioration of NPL position and significantly sloped down NPL rate by launching some prudent initiatives - which boosted up bank’s profit. Strengthening our buffer capital, coping up with recent ADR, de-risking investments, reinforcing the balance sheet, we are also determined to standby in terms of regulatory compliance and anti money laundering issues to check and block fraudulent activities. We are now more efficient in risk management structure which proactively identifies the risks and maintaining proper trade-off between risk and return.

Providing a wide range of high-quality banking products and ensuring customer services in excellence -have increased our customer loyalty and thus enhanced brand value of the Bank. MBL has been embracing advanced technology to ensure a secured IT infrastructure for safer and faster customer service. I can strongly say that, we are on tarmac to become a leading financial institution of the country.

The Board of Directors remains committed to ensure highest standard of corporate governance throughout the organization with the objective of safeguarding the interest of all stakeholders and enhancing the shareholders’ value. MBL operates its banking activities cost-effectively, environment friendly and socially sustainable manner in line with the Bank’s vision and mission statement, and we never consider Corporate Social Responsibility as a charity rather a practice of good corporate governance.

On behalf of the Board, I would like to thank the Government of the People’s Republic of Bangladesh, Governor and other officials of Bangladesh Bank, Bangladesh Securities and Exchange Commission, Dhaka Stock Exchange, Chittagong Stock Exchange, respected Shareholders, valued Customers, Patrons and well-wishers for keeping their faith on us. My appreciation goes to all executives and staffs of MBL for their dedicated services and efforts to achieve the goal of the Bank.

I sincerely extend my thanks to Aziz Halim Khair Choudhury and Syful Shamsul Alam & Co. for carrying out the external audit professionally and advising us on various compliance issues. Finally, I wish to thank the Board of Directors for their exemplary leadership. Their relentless support and commitment during the year is worthy of deep appreciation.

We have many challenges, but we have the resources, capabilities and urge to overcome those challenges. I hope and believe that, 2018 would be a more vibrant and triumphant year for Mercantile Bank Limited.
Thanking You All
A.K.M. Shaheed Reza
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