Mercantile Bank Limited commemorated its 24th anniversary with a press conference held at its Head Office in Dhaka on June 4, 2023. The event saw the Bank’s Chairman, Morshed Alam M.P., as the chief guest, unveiling the Global Debit card service for customers.
During his speech, the MBL Chairman highlighted the Bank’s notable achievements in recent years and emphasized its future plans. He acknowledged the collective effort of the Board of Directors, Management, and employees in solidifying Mercantile Bank’s pioneering position, despite the challenges posed by the aftermath of the Covid-19 pandemic and the Ukraine-Russia war.
The Chairman expressed the Bank’s commitment to fortifying its capabilities and leveraging technology to establish an Enriched Banking Ecosystem, ensuring SMART BANKING and contributing to a SMART BANGLADESH. Additionally, MBL aims to focus on developing technology-based products and services to provide uninterrupted customer support.
The occasion was attended by Vice Chairmen A. S. M. Feroz Alam and Md. Abdul Hannan, Chairman of the Risk Management Committee M. Amanullah, Chairman of Mercantile Bank Securities Ltd. M. A. Khan Belal, Directors Al-Haj Akram Hossain (Humayun), Alhaj Mosharref Hossain, Mohammad Abdul Awal, and Honourable Shareholder Jalal Hossain Khan Mia.
Md. Quamrul Islam Chowdhury, Managing Director & CEO of the bank, delivered a welcome speech summarizing the accomplishments and challenges of the previous year. He informed journalists that the bank’s top priority for the fiscal year is the recovery of classified loans. The bank will prioritize extending new loans to women entrepreneurs, the agriculture sector, and SMEs. Furthermore, Mercantile Bank plans to establish new Agent Banking outlets and Upashkhas nationwide to ensure banking services reach the unbanked population. The CEO also emphasized that digital banking services will become more convenient and innovative, offering smart solutions in the near future.
Mercantile Bank account holders can utilize the funds in their current and savings accounts for shopping, cash withdrawals, and online payments in any currency, both domestically and internationally. The Global Debit cards are widely accepted at Visa ATMs and POS terminals worldwide. They also support NFC (Near Field Communications) technology, enabling contactless transactions of up to Tk. 5000 or equivalent. Additionally, online transactions and e-commerce payments are secured through 2FA (2 Factor Authentication). Foreign currency transactions using the Global Debit Card require endorsement on the cardholder’s passport, adhering to regular Travel Quota regulations.
The Bank’s Chairman, Managing Director, AMD Mati Ul Hasan, and CFO Tapash Chandra Paul, PhD, addressed queries from journalists representing print, electronic, and online media outlets in attendance at the press conference.
