Mercantile Bank Bangladesh Branch Network and Expansion

Mercantile Bank has a strong presence in Bangladesh with a significant branch network. The bank has 89 branches across the country.

Mercantile Bank has been expanding its branch network over the years, increasing its reach to more customers. This expansion has helped the bank to better serve its customers and increase its market share.

The bank's branch network is well-distributed across the country, with a presence in both urban and rural areas. This allows the bank to cater to the financial needs of people from all walks of life.

Mercantile Bank's expansion plans are aimed at increasing its customer base and improving its services. By expanding its branch network, the bank can provide more convenient banking services to its customers.

Additional reading: Mercantile Bank (South Africa)

Mercantile Bank is a public limited company with limited liability under the bank companies act, 1991.

It has its shares listed in Dhaka Stock Exchange and Chittagong Stock Exchange.

The bank provides a wide range of products and services in retail banking, corporate finance, Islamic finance, asset management, equity brokerage, and security.

A different take: Dhaka Mercantile Co-Operative Bank Limited

Mercantile Bank has 119 branches in Bangladesh and employs around 2,300 employees.

In April 2009, Mohammad Abdul Jalil, a former Awami League Commerce Minister, was elected chairman of Mercantile Bank, a position he was re-elected to in April 2012.

M Ehsanul Haque was appointed managing director of Mercantile Bank on 9 January 2013.

Bangladesh Bank found Md Shahabuddin Alam, a director of Mercantile Bank, involved in an illegal transaction involving subsidiaries of SA Group of Industries in May 2013.

Bangladesh Bank appointed an observer to Mercantile Bank in November 2014.

In January 2016, Kazi Masihur Rahman was appointed managing director of Mercantile Bank.

The bank faced a Bangladesh Bank investigation in February 2018, which found that Mercantile Bank violated rules regarding cash incentive for exports.

Four directors of Mercantile Bank, Akram Hossain Humayun, M Amanullah, Md Anwarul Haque, and Mohd Selim, were sued by the Anti-Corruption Commission in December 2018 for helping Patrick Fashions and Kazi Farhad Hossain secure a loan mortgaging government property.

Bangladesh Bank removed a director of Mercantile Bank, Md Shahidul Ahsan, in January 2020 over allegations of money laundering.

Mercantile Bank has a strong presence in Dhaka, with several branches conveniently located throughout the city.

The bank has a total of 23 branches in Dhaka, providing easy access to its services for customers.

You can find Mercantile Bank's Dhaka branches in areas such as Dhanmondi, Gulshan, and Motijheel, among others.

Dhaka has a vast network of Mercantile Bank branches, making it easy to access banking services across the city.

There are numerous branches in Dhaka, but some of the newer additions include Abdullahpur, Dhanmondi, and Nikunja.

The branch at Abdullahpur is located in Tojumuddin Plaza, Kalakandi, Abdullahpur Bus Stand, Tegoria, South Keraniganj, Dhaka 1311, and has a routing number of 140270129.

Dhanmondi branch is situated in Sima Blossom, House No. 3, Road 16 (Old 27), Dhanmondi R/A, Dhaka 1209, with a routing number of 140261183.

Nikunja branch, on the other hand, is located in DSE Tower, Holding No. 46, Kabi Faruque Sarani, Road 21, Nikunja, Khilkhet, Dhaka 1229.

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Here's a list of some of the newer branches in Dhaka:

These are just a few examples of the many new branches in Dhaka.

The SWIFT/BIC code for MERCANTILE BANK PLC is a crucial piece of information for international transactions. It's an 8-11 character code that identifies the country, city, bank, and branch.

The bank code is a shortened version of the bank's name, usually 4 letters. This is how you can identify the bank.

The country code is a 2-letter code representing the country where the bank is located. In the case of MERCANTILE BANK PLC, this code helps the recipient bank know where to send the funds.

The location code is made up of 2 characters, which can be letters or numbers, and indicates where the bank's head office is located.

The branch code is a 3-digit code that specifies a particular branch of the bank. If the branch code is 'XXX', it means the transaction is being sent to the bank's head office.

Here's a breakdown of the SWIFT/BIC code structure: