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In: Business and Management

Submitted By Habibnsu
Words 4702
Pages 19
E-Banking Performance ratio of Mercantile Bank

By: Sazzad Ferdous ID: 18-056

Chapter-1
Introduction:
Banking system occupies an important place in a nation’s economy. Banking institution is indispensable in a modern society and it plays a vital role in the economic development of a country. Against the background of liberalization of economic policies in Bangladesh, Mercantile bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving the socio-economic development of the country.
Mercantile Bank Limited is a scheduled private commercial bank established on May 20, 1999 under the Bank Company Act, 1991 and incorporated as a Public Limited Company under Company Act, 1994. The Bank started commercial banking operations from June 02, 1999. During this short span of time, the Bank has been successful to position itself as a progressive and dynamic financial institution in the country.
The Bank had been widely welcome by the business community, from small entrepreneurs for forward-looking business outlook and innovative financing solutions. Thus, within this very short period it has been able to create an image for itself and has earned significant reputation in the country’s banking sector as a bank with vision. The company Philosophy –“efficiency is our strength” has been exactly the essence of success of this Bank.
Mercantile Bank Limited has been licensed by the Government of Bangladesh as a scheduled Bank in the private sector in the process of the policy of liberalization of banking and financial services of Bangladesh. In view of the above, the Bank has, within a period of Ten years of its operation, achieved a remarkable success and has always met up capital adequacy requirement set by Bangladesh Bank.
There are twenty-seven Sponsors involved in creating Mercantile Bank Limited; the sponsors of...

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